Common use of Forfeiture of Performance Vesting Units and Time Vesting Units Clause in Contracts

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.

Appears in 4 contracts

Samples: Incentive Unit Grant Agreement (Sovos Brands, Inc.), Incentive Unit Grant Agreement (Sovos Brands, Inc.), Incentive Unit Grant Agreement (Sovos Brands, Inc.)

AutoNDA by SimpleDocs

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 All Performance Vesting Units and Time Vesting Units that have not vested as of the date of termination of employmentthe Service Provider’s Service, shall expire and immediately be forfeited and canceled in their entirety without any consideration to the Participant.

Appears in 1 contract

Samples: Unit Grant Agreement (Definitive Healthcare Corp.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.