Forfeiture of Restricted Stock Units. Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”
Appears in 12 contracts
Samples: Restricted Stock Unit Agreement (Brady Corp), Restricted Stock Unit Agreement (Brady Corp), Restricted Stock Unit Agreement (Brady Corp)
Forfeiture of Restricted Stock Units. Except as provided in Section 3, if the Employee Director's service as a member of the Board of Directors of the Corporation terminates employment prior to the satisfaction of the vesting requirements requirement set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”
Appears in 4 contracts
Samples: Director Restricted Stock Unit Agreement (Brady Corp), Director Restricted Stock Unit Agreement (Brady Corp), Director Restricted Stock Unit Agreement (Brady Corp)
Forfeiture of Restricted Stock Units. Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements requirement set forth in Section 2(a) above, any unvested the Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Brady Corp), Restricted Stock Unit Agreement (Brady Corp)
