Common use of Forfeiture of Restricted Stock Units Clause in Contracts

Forfeiture of Restricted Stock Units. In the event the Recipient’s service as a director or an advisory director of the Company terminates for any reason, other than Retirement, Death or Disability, the Recipient shall, for no consideration, forfeit all Restricted Stock Units which were not vested on such date.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (American National Group Inc), Restricted Stock Unit Agreement (American National Insurance Co), Restricted Stock Unit Agreement (American National Insurance Co /Tx/)

AutoNDA by SimpleDocs

Forfeiture of Restricted Stock Units. In the event the Recipient’s service as a director or an advisory director of employment with the Company terminates for any reason, other than Retirement, Death or Disability, the Recipient shall, for no consideration, forfeit all Restricted Stock Units which were not vested on such date.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (American National Insurance Co /Tx/), Restricted Stock Unit Agreement (American National Insurance Co /Tx/), Restricted Stock Unit Agreement (American National Insurance Co /Tx/)

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