Common use of Forfeiture of Restricted Share Units Clause in Contracts

Forfeiture of Restricted Share Units. Any of the Restricted Share Units that remain forfeitable in accordance with Section 4 hereof shall be forfeited if Grantee’s service as a non-officer director ceases for any reason, other than subsequently becoming an officer or employee of the Company or a Subsidiary while remaining a director, prior to the applicable Vesting Date and prior to such shares becoming nonforfeitable in accordance with Section 4 hereof.

Appears in 3 contracts

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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Forfeiture of Restricted Share Units. (a) Any of the Restricted Share Units that remain forfeitable in accordance with Section 4 hereof shall be forfeited if Grantee’s service as a non-officer director ceases for any reason, other than subsequently becoming an officer or employee of the Company or a Subsidiary while remaining a director, prior to the applicable Vesting Date and prior to such shares becoming nonforfeitable in accordance with Section 4 hereof.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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