Common use of Effect of Termination of Service and Change of Control Clause in Contracts

Effect of Termination of Service and Change of Control. If you cease to be an Employee prior to the Scheduled Vesting Date under circumstances other than as set forth in paragraphs 6(a) through 6(d), you shall immediately forfeit all unvested Performance Share Units. To the extent any of paragraphs 6(a) through 6(d) is applicable to this Award, any unvested Performance Share Units that do not vest on the applicable Vesting Date as provided therein shall immediately be forfeited.

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (Archer-Daniels-Midland Co), Performance Share Unit Award Agreement (Archer-Daniels-Midland Co), Performance Share Unit Award Agreement (Archer-Daniels-Midland Co)

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Effect of Termination of Service and Change of Control. If you cease to be an Employee prior to the Scheduled Vesting Date under circumstances other than as set forth in paragraphs 6(a) through 6(d), you shall immediately forfeit all unvested Performance Share Units. To the extent any Exhibit 10.1 of paragraphs 6(a) through 6(d) is applicable to this Award, any unvested Performance Share Units that do not vest on the applicable Vesting Date as provided therein shall immediately be forfeited.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Archer-Daniels-Midland Co)

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