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/)

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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/)

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Forfeiture of Restricted Stock Units. In the event the Recipient’s service as a director or an advisory director of the Company terminates prior to an Acceleration Vesting Date for any reason, other than Retirement, Death or Disability, the Recipient shall, for no consideration, forfeit all Restricted Stock Units which that were not vested on such datedate (for the avoidance of doubt, taking into account the vesting acceleration provisions of Section 2(b)).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (American National Group Inc)

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