Common use of Effect of Termination of Services Clause in Contracts

Effect of Termination of Services. (i) Except as provided in subsection (ii) of this Section 3(d), unvested Restricted Shares shall be forfeited without consideration by the Director at any time prior to the Vesting Date upon the Director’s cessation of Board membership.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (WMG Acquisition Corp), Restricted Stock Award Agreement (WMG Acquisition Corp), Restricted Stock Award Agreement (American Mold Guard Inc)

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Effect of Termination of Services. (i) Except as provided in subsection (ii) of this Section 3(d), unvested Restricted Shares shall be forfeited without consideration by the Director at any time prior to the Vesting Date upon the Director’s 's cessation of Board membership.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (WMG Acquisition Corp)

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Effect of Termination of Services. (i) Except as provided in subsection (ii) of this Section 3(d), unvested Restricted Shares shall be forfeited without consideration by the Director Grantee at any time prior to the Vesting Date upon the DirectorGrantee’s cessation of Board membership.

Appears in 1 contract

Samples: Form of Restricted Stock Agreement (Bar Harbor Bankshares)

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