Common use of Forfeiture of Award and Right to Payments Clause in Contracts

Forfeiture of Award and Right to Payments. (a) In the event that the employment of the Grantee is terminated for Cause then, in such event, the Grantee shall forfeit all rights to the Performance RSUs and shall repay to the Company all shares of Stock received by the Grantee with respect to such Performance RSUs or the Fair Market Value of such shares of Stock if no longer in Grantee’s possession on or after the date of the act giving rise to the Grantee’s termination for Cause.

Forfeiture of Award and Right to Payments. (aA) In the event that the employment of Grantee incurs a Separation from Service due to termination by the Grantee is terminated Company for Cause then, in such event, the Grantee shall forfeit all rights to the Performance RSUs and shall repay to the Company all shares of Stock received by the Grantee with respect to such Performance RSUs or the Fair Market Value of such shares of Stock if no longer in the Grantee’s possession on or after the date of the act giving rise to the Grantee’s termination for Cause.