Common use of Forfeiture of Non-Vested Units Clause in Contracts

Forfeiture of Non-Vested Units. To the extent that the Grantee does not vest in any Restricted Stock Units, all interest in such units, the related shares of Stock, and any Dividend Equivalent Rights shall be forfeited. The Grantee shall have no right or interest in any Restricted Stock Unit or related share of Stock that is forfeited.

Appears in 17 contracts

Samples: Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc), Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc), Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc)

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