Common use of Effect of Termination of Service on Vesting Clause in Contracts

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than death or disability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for the Performance Period.

Appears in 2 contracts

Samples: Performance Share Award (Core Laboratories N V), Performance Share Award (Core Laboratories N V)

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Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s 's Service for any reason other than death or disabilitydeath, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for the Performance Period.

Appears in 2 contracts

Samples: Performance Share Award Restricted Share Agreement (Core Laboratories N V), Performance Share Award (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than Succession Termination, death or disability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of Succession Termination, death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria Return on Equity for the Performance Period.

Appears in 1 contract

Samples: Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than (i) the Participant's death or disability, (ii) termination by the Restricted Performance Shares shall be immediately forfeited Company without Cause, or (iii) termination by the Participant due to his Retirement from the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disabilityCompany, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on instead will be deemed to have immediately fully vested, though paid to the Participant only to the extent the Performance Criteria for outlined in Appendix "A" to this Agreement are met at the end of the Performance Period.

Appears in 1 contract

Samples: Performance Share Award (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than death or disabilityDisability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disabilityDisability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for Company’s Total Shareholder Return over the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s 's Service for any reason other than death or disabilityDisability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s 's Service by reason of death or disabilityDisability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for Company's Total Shareholder Return over the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than Succession Termination, death or disability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of Succession Termination, death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria Return on Equity Percentile for the Performance Period.

Appears in 1 contract

Samples: Restricted Share Agreement (Core Laboratories N V)

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Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s 's Service for any reason other than death or disabilityDisability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than Succession Termination, death or disability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of Succession Termination, death or disability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria for the Performance Period.

Appears in 1 contract

Samples: Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s Service for any reason other than death or disabilityDisability, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) Upon termination of Participant’s Service by reason of death or disabilityDisability, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria Return on Equity for the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Restricted Share Agreement (Core Laboratories N V)

Effect of Termination of Service on Vesting. (a) Upon termination of Participant’s 's Service for any reason other than death or disabilitydeath, the Restricted Performance Shares shall be immediately forfeited to the extent not then Vested. (b) . Upon termination of Participant’s 's Service by reason of death or disabilitydeath, the Restricted Performance Shares shall not be immediately forfeited, but rather may become Vested as provided in Section 4.1 based on the Performance Criteria Return on Equity for the Performance Period.

Appears in 1 contract

Samples: Restricted Share Agreement (Core Laboratories N V)

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