Common use of Forfeitability Clause in Contracts

Forfeitability. Should your Continuous Status as an Employee, Director or Consultant cease for any reason prior to vesting in one or more installments of the Shares subject to your Award, then your Award will be cancelled with respect to the unvested Shares and the number of your Restricted Stock Units will be reduced accordingly, and you will cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Waste Connections, Inc.), Restricted Stock Unit Agreement (Waste Connections, Inc.), Restricted Stock Unit Agreement (Waste Connections, Inc.)

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