Common use of Employment Events Affecting Payment of Award Clause in Contracts

Employment Events Affecting Payment of Award. (a) Except as provided in Section 3(b) and in Section 8, if the Recipient terminates employment with Staples prior to the Vesting Date, for any reason or no reason, with or without cause, no Shares will be issued and this Agreement will be of no further force or effect.

Employment Events Affecting Payment of Award. (a) Except as provided in Section 3(b) and in Section 8, if the Recipient terminates employment with Staples prior to the Vesting Date, for any reason or no reason, with or without cause, no Shares will be issued and this Agreement will be of no further force or effect. In addition, no Shares will be issued pursuant to this award during any period that the Recipient is suspended for an offense which could lead to a termination by Staples for "cause" (as defined below).