Common use of Employment Required Clause in Contracts

Employment Required. Except as otherwise provided in this Section 2, if the Employee ceases to be an employee of the Company prior to the Maturity Date, the PSUs granted to the Employee hereunder shall not vest and instead shall be forfeited. In such event, vesting shall not be pro-rated between the Grant Date and the Maturity Date.

Appears in 6 contracts

Samples: Performance Share Unit Agreement (Haemonetics Corp), Performance Share Unit Agreement (Haemonetics Corp), Performance Share Unit Agreement (Haemonetics Corp)

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