Common use of Forfeiture; Early Vesting Clause in Contracts

Forfeiture; Early Vesting. Notwithstanding the provisions of Section 3 of this Agreement, in the event your employment is terminated during the Performance Period, the Performance Award and your right to receive any Shares shall be immediately and irrevocably forfeited, unless such termination is by reason of your:

Appears in 5 contracts

Samples: 2023 Stock Incentive Plan 2023 Executive Performance Award Agreement (Otter Tail Corp), 2014 Stock Incentive Plan 2018 Executive Performance Award Agreement (Otter Tail Corp), Corporation 2014 Stock Incentive Plan 2018 Legacy Performance Award Agreement (Otter Tail Corp)

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Forfeiture; Early Vesting. Notwithstanding the provisions of Section 3 of this Agreement, in the event your employment is terminated during the Performance Period, the Performance Award and your right to receive any Shares shall be immediately and irrevocably forfeited, unless such termination is by reason of yourof:

Appears in 4 contracts

Samples: Performance Award Agreement (Otter Tail Corp), Performance Award Agreement (Otter Tail Corp), 2014 Stock Incentive Plan (Otter Tail Corp)

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