Common use of Forfeiture Conditions Clause in Contracts

Forfeiture Conditions. The Stock Units granted to the Executive hereunder shall be forfeited in their entirety, subject to the terms of the Retention Agreement, if: (i) the Executive's employment with the Company terminates prior to the fifth anniversary of the date hereof ; or (ii) the Performance Objective set forth on Exhibit A hereto is not achieved.

Appears in 2 contracts

Samples: Retention Agreement (Toys R Us Inc), Retention Agreement (Toys R Us Inc)

AutoNDA by SimpleDocs

Forfeiture Conditions. The Stock Units granted to the Executive Officer hereunder shall be forfeited in their entirety, subject to the terms of the Retention Agreement, if: (i) the ExecutiveOfficer's employment with the Company terminates prior to the fifth anniversary of the date hereof ; or (ii) the Performance Objective set forth on Exhibit A hereto is not achieved.

Appears in 2 contracts

Samples: Retention Agreement (Toys R Us Inc), Retention Agreement (Toys R Us Inc)

Forfeiture Conditions. The Stock Units granted to the Executive hereunder shall be forfeited in their entirety, subject to the terms of the Retention Agreement, if: : (i) the Executive's employment with the Company terminates prior to the fifth anniversary of the date hereof ; or or (ii) the Performance Objective set forth on Exhibit A hereto is not achieved.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

Forfeiture Conditions. The Stock Units granted to the Executive Officer hereunder shall be forfeited in their entirety, subject to the terms of the Retention Agreement, if: (i) the ExecutiveOfficer's employment with the Company terminates prior to the fifth (number to be determined) anniversary of the date hereof ; or (ii) the Performance Objective set forth on Exhibit A hereto is not achieved.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

AutoNDA by SimpleDocs

Forfeiture Conditions. The Stock Units granted to the Executive hereunder shall be forfeited in their entirety, subject to the terms of the Retention Agreement, if: (i) the Executive's employment with the Company terminates prior to the fifth anniversary of the date hereof hereof; or (ii) the Performance Objective set forth on Exhibit A hereto is not achieved.

Appears in 1 contract

Samples: Retention Agreement (Toys R Us Inc)

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