Forfeiture of Restricted Share Units. (a) The Restricted Share Units that have not yet vested pursuant to Section 2 shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company or a Subsidiary prior to a Vesting Date other than as provided in Section 2(b).
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Samples: Restricted Share Unit Agreement (Palatin Technologies Inc), Restricted Share Unit Agreement (Palatin Technologies Inc)
Forfeiture of Restricted Share Units. (a) The Restricted Share Units that have not yet vested pursuant to Section 2 shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company or a Subsidiary prior to a Vesting Date other than as provided in Section 2(b). The Restricted Share Units and any amount paid hereunder shall be subject to the forfeiture provisions of Section 20 of the Plan.
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Palatin Technologies Inc)
Forfeiture of Restricted Share Units. (a) The Except as otherwise determined by the Committee, in its sole discretion, the Restricted Share Units that have not yet vested pursuant to Section 2 2(a) shall be forfeited automatically without further action or notice if the Grantee ceases to be employed by the Company or a Subsidiary prior to a Vesting Date other than as provided in pursuant to Section 2(b).
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Ballantyne Strong, Inc.)
Forfeiture of Restricted Share Units. (a) The Restricted Share Units that have not yet vested pursuant to Section 2 2(a) 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 other than as provided in pursuant to Section 2(b).
Appears in 1 contract
Samples: Restricted Share Unit Agreement (1347 Property Insurance Holdings, Inc.)