Common use of Forfeiture of Restricted Share Units Clause in Contracts

Forfeiture of Restricted Share Units. The Restricted Share Units that have not yet vested pursuant to Section 2 (including without limitation any right to dividend equivalents described in Section 6 hereof relating to dividends payable on or after the date of forfeiture) shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company or a Subsidiary other than as provided in Section 2.

Appears in 1 contract

Samples: Employment Agreement (Scripps Networks Interactive, Inc.)

AutoNDA by SimpleDocs

Forfeiture of Restricted Share Units. The Restricted Share Units that have not yet vested pursuant to Section 2 2(a) (including without limitation and any related right to receive cash dividend equivalents described in pursuant to Section 6 hereof relating to dividends payable on or after the date of forfeiture7(b)) shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as provided in pursuant to Section 22(b).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (SKYX Platforms Corp.)

Forfeiture of Restricted Share Units. The Restricted Share Units that have not yet vested pursuant to Section 2 2(a) (including without limitation and any related right to receive cash dividend equivalents described in pursuant to Section 6 hereof relating to dividends payable on or after the date of forfeiture7(b)) shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to the Vesting Date for any reason other than as provided in pursuant to Section 22(b).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (SKYX Platforms Corp.)

AutoNDA by SimpleDocs

Forfeiture of Restricted Share Units. The Restricted Share Units that have not yet vested pursuant to Section 2 2(a) (including without limitation and any related right to receive cash dividend equivalents described in pursuant to Section 6 hereof relating to dividends payable on or after the date of forfeiture7(b)) shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as to the extent provided in pursuant to Section 22(b).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (SKYX Platforms Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!