Common use of Forfeiture of Performance Awards Clause in Contracts

Forfeiture of Performance Awards. Except as otherwise provided in Section 4 of this Award Agreement, if your employment with the Company and its Affiliates terminates prior to the Payment Date, your rights with respect to any Performance Awards awarded to you pursuant to this Award Agreement shall immediately terminate, and you will be entitled to no payments or benefits with respect thereto, unless the Committee, as permitted pursuant to the terms of the Plan, determines in its sole discretion otherwise (in which case any payment to be made to you pursuant to this Award Agreement will be made to you on the Payment Date).

Appears in 3 contracts

Samples: Performance Share Unit Award Agreement (Asbury Automotive Group Inc), Form of Performance Share Unit Award Agreement (Asbury Automotive Group Inc), Performance Share Unit Award Agreement (Asbury Automotive Group Inc)

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Forfeiture of Performance Awards. Except Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreement or in Section 4 3 of this Award Agreement, if your employment with the Company and its Affiliates terminates prior to the Payment Date[Day after end of performance period], your rights with respect to any the Performance Awards awarded to you pursuant to this Award Agreement shall immediately terminate, and you will be entitled to no further payments or benefits with respect thereto, unless the Committee, as permitted pursuant to the terms of the Plan, determines in its sole discretion otherwise (in which case any payment to be made to you pursuant to this Award Agreement will be made to you on the Payment Date).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.), Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)

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Forfeiture of Performance Awards. Except Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreement or in Section 4 3 of this Award Agreement, if your employment with the Company and its Affiliates terminates prior to the Payment Date[final day of performance period], your rights with respect to any the Performance Awards awarded to you pursuant to this Award Agreement shall immediately terminate, and you will be entitled to no further payments or benefits with respect thereto, unless the Committee, as permitted pursuant to the terms of the Plan, determines in its sole discretion otherwise (in which case any payment to be made to you pursuant to this Award Agreement will be made to you on the Payment Date).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)

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