Forfeiture of Performance Vesting Units and Time Vesting Units Sample Clauses

Forfeiture of Performance Vesting Units and Time Vesting Units. (a) Upon Termination of Employment (x) for any reason, all Time Vesting Units that have not vested in accordance with Section 2.3 hereof as of the end of the termination date and that are held by the Management Securityholder shall expire and be immediately forfeited and canceled in their entirety without any consideration to the Management Securityholder, (y) for any reason other than a Termination of Employment effected by the Partnership or one of its Subsidiaries for Cause, all Performance Vesting Units shall remain outstanding solely to the extent required by Section 2.3(f) (and shall be forfeited and cancelled in their entirety following such time as Section 2.3(f) is no longer applicable thereto, if not vested in accordance with Section 2.3(f)), or (z) effected by the Partnership or one of its Subsidiaries for Cause, all Performance Vesting Units that have not vested in accordance with Section 2.3 shall expire and be immediately forfeited and canceled in their entirety without any consideration to the Management Securityholder.
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Forfeiture of Performance Vesting Units and Time Vesting Units. Notwithstanding any other provisions of this Agreement to the contrary, upon a termination of employment for any reason, all Performance Vesting Units and Time Vesting Units that have not vested as of the date of termination of employment, shall expire and immediately be forfeited and canceled in their entirety without any consideration to the Participant.
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Forfeiture of Performance Vesting Units and Time Vesting Units. Notwithstanding any other provisions of this Agreement to the contrary, upon a termination of employment for any reason, all Performance Vesting Units and Time Vesting Units that have not vested (after taking into account any Time Vesting Units that vest upon such termination of employment under Section 2.3(a)(iii)) or which do not remain outstanding and eligible to vest in accordance with the terms and conditions of Section 2.3(a)(iv) or Section 2.3(b)(v), as applicable, as of the date of termination of employment, shall expire and immediately be forfeited and canceled in their entirety without any consideration to the Participant. In the event that any Performance Vesting Units become Conditionally Vested Units, such Conditionally Vested Units shall be subject to forfeiture pursuant to Section 2.3(b)(v). In the event that any Time Vesting Units remain outstanding and eligible to vest as a result of the Change in Control Lookback, such Time Vesting Units shall be subject to forfeiture pursuant to Section 2.3(a)(iv).
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Forfeiture of Performance Vesting Units and Time Vesting Units. (a) Upon Termination of Employment (x) for any reason, all Time Vesting Units that have not vested in accordance with Section 2.3 hereof as of the end of the termination date and that are held by the Management Securityholder (for the avoidance of doubt, after giving effect to any acceleration of vesting provided for in Section 2.3) shall expire and be immediately forfeited and cancelled in their entirety without any consideration to the Management Securityholder, (y) for any reason other than a Termination of Employment effected by the Partnership or one of its Subsidiaries for Cause or effected by the Management Securityholder by his resignation without Good Reason (which, for purposes of this Agreement, shall include a Termination of Employment at the expiration of the term of the Employment Agreement following the Management Securityholder’s delivery of a Non-Renewal Notice), all Performance Vesting Units shall remain outstanding and be subject to the Look Back Provisions and Section 2.3(f) (and shall be forfeited and canceled in their entirety following such time as the Look Back Provisions and Section 2.3(f) are no longer applicable thereto, if not vested in accordance with the Look Back Provisions or Section 2.3(f)), or (z) effected by the Partnership or one of its Subsidiaries for Cause or effected by the Management Securityholder by his resignation without Good Reason, all Performance Vesting Units that have not vested in accordance with Section 2.3 shall expire and be immediately forfeited and canceled in their entirety without any consideration to the Management Securityholder (other than Performance Vesting Units that remain subject to Section 2.3(f), which shall be immediately forfeited only upon a Termination of Employment for Cause).
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Forfeiture of Performance Vesting Units and Time Vesting Units. Notwithstanding any other provisions of this Agreement to the contrary, upon a termination of employment for any reason, all Performance Vesting Units and all Time Vesting Units that have not vested (after taking into account any Time Vesting Units that vest upon such termination of employment under Section 2.3(a)(iii) and Section 2.3(d)) or which do not remain outstanding and eligible to vest in accordance with the terms and conditions of Section 2.3(a)(iv), Section 2.3(b)(v), or Section 2.3(d), as applicable, as of the date of termination of employment, shall immediately be forfeited and cancelled in their entirety without any consideration to the Participant. In the event that any Performance Vesting Units become Conditionally Vested Units, such Conditionally Vesting Units shall be subject to forfeiture pursuant to Section 2.3(b)
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Related to Forfeiture of Performance Vesting Units and Time Vesting Units

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Service Vesting Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • Unvested Common Shares Issued in Settlement of Performance Share Awards If the Executive terminates employment pursuant to Sections 6(b), 6(d) or 6(e)(i) after the Performance Share Vesting Date, the vesting of all Unvested Common Shares (as defined in the Performance Share Agreement) issued in settlement of the Performance Share Award shall be accelerated in full effective as of the date of such termination.

  • Restrictions; Vesting Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to Restricted Stock Units shall vest, if at all, as follows:

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

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