Effect of Termination of Employment. If the Grantee’s employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 17 contracts
Samples: 2011 Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (ITT Corp), 2011 Omnibus Incentive Plan (ITT Corp)
Effect of Termination of Employment. If the Grantee’s 's employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 10 contracts
Samples: 2011 Omnibus Incentive Plan (Itt Inc.), 2011 Omnibus Incentive Plan (Itt Inc.), Omnibus Incentive Plan (ITT Inc.)
Effect of Termination of Employment. If the Grantee’s 's employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 2 contracts
Samples: 2011 Omnibus Incentive Plan (ITT Corp), Omnibus Incentive Plan (Vectrus, Inc.)
