Common use of Forfeiture of Award Clause in Contracts

Forfeiture of Award. If the Participant’s Service terminates under any circumstances, except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted Stock Units, all unvested Restricted Stock Units as of the Service termination date shall be forfeited as of the Participant’s Service termination date.

Appears in 7 contracts

Samples: 2020 Restricted Stock Unit Agreement (Oceaneering International Inc), Special Restricted Stock Unit Agreement (Oceaneering International Inc), 2019 Restricted Stock Unit Agreement (Oceaneering International Inc)

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Forfeiture of Award. If the Participant’s Service terminates under any circumstances, circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted Stock UnitsUnits granted hereby), all unvested Restricted Stock Units as of the Service termination date shall be forfeited as of the Participant’s Service termination dateforfeited.

Appears in 5 contracts

Samples: 2013 Restricted Stock Unit Agreement (Oceaneering International Inc), Supplemental 2011 Restricted Stock Unit Agreement (Oceaneering International Inc), 2012 Restricted Stock Unit Agreement (Oceaneering International Inc)

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Forfeiture of Award. If the Participant’s Service terminates under any circumstances, except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted Stock UnitsUnits granted hereby, all unvested Restricted Stock Units as of the Service termination date shall be forfeited as of the Participant’s Service termination date.

Appears in 3 contracts

Samples: 2016 Restricted Stock Unit Agreement (Oceaneering International Inc), 2015 Restricted Stock Unit Agreement (Oceaneering International Inc), 2014 Restricted Stock Unit Agreement (Oceaneering International Inc)

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