Common use of Forfeiture of PRSUs Clause in Contracts

Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 11 contracts

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Restricted Share Unit Agreement (TimkenSteel Corp), Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp)

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Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee the Holder ceases to be an employee of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: SITE Centers Corp., SITE Centers Corp.

Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary thereof prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (TimkenSteel Corp), Restricted Stock Unit Agreement (TimkenSteel Corp)

Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Based Restricted Stock Units Agreement (Timken Co), Restricted Stock Unit Agreement (Timken Co)

Forfeiture of PRSUs. Any The PRSUs that will be forfeited automatically and without further notice (a) immediately to the extent the PRSUs have not Vested pursuant to Section 3 or Section 4 at of the end of year following the year in which the Performance Period will be forfeited automatically and without further notice after ends or (b) upon the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the end of date payment for the Performance Period Vested PRSUs is made for any reason (other than as described in Section 4).

Appears in 1 contract

Samples: Based Restricted Stock Unit Agreement (Timken Co)

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Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee NAI-0000000000v9 -6- of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 1 contract

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)

Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at 4at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Metallus Inc.)

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