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(a) (and any related right to receive cash dividend equivalents pursuant to Section 7(b)) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than to the extent provided pursuant to Section 2(b).

Appears in 1 contract

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

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Forfeiture of Restricted Share Units. The Restricted Share Units that have not yet vested pursuant to Section 2(a) (and any related right to receive cash dividend equivalents pursuant to Section 7(b)) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than to the extent as provided pursuant to Section 2(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(a) (and any related right to receive cash dividend equivalents pursuant to Section 7(b)) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a the Vesting Date for any reason other than to the extent as provided pursuant to Section 2(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(a) 2 (and including without limitation any related right to receive cash dividend equivalents pursuant described in Section 6 hereof relating to Section 7(b)dividends payable on or after the date of forfeiture) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Grantee ceases to be employed by the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than to the extent as provided pursuant to in Section 2(b)2.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Scripps Networks Interactive, Inc.)

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Forfeiture of Restricted Share Units. (a) The Restricted Share Units that have not yet vested pursuant to Section 2(a) 2 (and including without limitation any related right to receive cash dividend equivalents pursuant described in Section 7 hereof relating to Section 7(b)dividends payable on or after the date of forfeiture) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Grantee ceases to be employed by the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than to the extent as provided pursuant to in Section 2(b).

Appears in 1 contract

Samples: Restricted Share Unit Agreement (E.W. SCRIPPS Co)

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