Expiration of Award. Notwithstanding anything to the contrary in this Agreement, if Participant’s rights in and to the Award have not vested in accordance with Paragraph 4 of this Agreement on or before the Expiration Date, this Award shall expire at 11:59 p.m. on the Expiration Date. Upon such expiration, the Award shall terminate automatically, and Participant shall have no further rights with respect to the Award.
Appears in 13 contracts
Samples: Restricted Stock Unit Award Agreement (Progressive Corp/Oh/), Restricted Stock Unit Award Agreement (Progressive Corp/Oh/), Restricted Stock Unit Award Agreement (Progressive Corp/Oh/)
Expiration of Award. Notwithstanding anything to the contrary in this Agreement, if Participant’s rights in and to the Award have not vested in accordance with Paragraph Section 4 of this Agreement on or before the Expiration Date, this Award shall expire at 11:59 p.m. on the Expiration Date. Upon such expiration, the Award shall terminate automaticallyautomatically be forfeited, and Participant shall have no further rights with respect to the Award.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Progressive Corp/Oh/), Restricted Stock Unit Award Agreement (Progressive Corp/Oh/)
