Common use of For Any Other Reason Clause in Contracts

For Any Other Reason. In the event of the Participant’s Termination of Service at any time under circumstances not described in Section 3(a), the RSUs shall be forfeited in their entirety without any payment to the Participant or, in the Committee’s sole discretion, if required pursuant to applicable law to effect such forfeiture, the Company may repurchase the RSUs at their par value.

Appears in 2 contracts

Samples: Rsu Award Agreement (Kosmos Energy Ltd.), Rsu Award Agreement (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs

For Any Other Reason. In the event of the Participant’s Termination of Service at any time under circumstances not described in Section 3(a) or 3(b)[(iii)], the RSUs shall be forfeited in their entirety without any payment to the Participant or, in the Committee’s sole discretion, if required pursuant to applicable law to effect such forfeiture, the Company may repurchase the RSUs at their par value.

Appears in 1 contract

Samples: Rsu Award Agreement (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs

For Any Other Reason. In the event of the Participant’s Termination of Service at any time under circumstances not described in Section 3(a), the any unvested RSUs shall be forfeited in their entirety without any payment to the Participant or, in the Committee’s sole discretion, if required pursuant to applicable law to effect such forfeiture, the Company may repurchase the RSUs at their par value.

Appears in 1 contract

Samples: Rsu Award Agreement (Kosmos Energy Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!