Common use of Effect of Termination Other Than for Cause Clause in Contracts

Effect of Termination Other Than for Cause. In the event Grantee’s employment terminates prior to December 31, 2015 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 2015, and denominator of which is 365.

Appears in 1 contract

Samples: Restricted Share Agreement (Actua Corp)

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Effect of Termination Other Than for Cause. In the event Grantee’s employment terminates prior to December 31, 2015 2016 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 20152016, and denominator of which is 365.

Appears in 1 contract

Samples: Restricted Share Agreement (Actua Corp)

Effect of Termination Other Than for Cause. In the event Grantee’s employment terminates prior to December 31, 2015 2017 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 20152017, and denominator of which is 365.

Appears in 1 contract

Samples: Restricted Share Agreement (Actua Corp)

Effect of Termination Other Than for Cause. In the event Grantee’s employment terminates prior to December 31, 2015 2013 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 20152013, and denominator of which is 365.

Appears in 1 contract

Samples: Restricted Share Agreement (Icg Group, Inc.)

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Effect of Termination Other Than for Cause. In the event Grantee’s employment terminates prior to December 31, 2015 2014 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 20152014, and denominator of which is 365.

Appears in 1 contract

Samples: Restricted Share Agreement (Icg Group, Inc.)

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