Forfeiture of RSUs. (a) If the Recipient’s Continuous Service is terminated for any reason prior to the earlier of (a) Vesting Date or (b) Change in Control Vesting Date, the RSUs granted hereunder shall be forfeited immediately upon such termination of Continuous Service without any payment to the Recipient.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Hope Bancorp Inc), Restricted Stock Unit Agreement (Hope Bancorp Inc), Restricted Stock Unit Agreement (Hope Bancorp Inc)
Forfeiture of RSUs. (a) If Except as otherwise provided in Section 2, if the Recipient’s Continuous Service is terminated for any reason prior to the earlier of (a) Vesting Date or (b) Change in Control Vesting Date, the RSUs granted hereunder shall be forfeited immediately upon such termination of Continuous Service without any payment to the Recipient.
Appears in 3 contracts
Samples: Lifepoint Health, Inc., Lifepoint Health, Inc., Lifepoint Hospitals, Inc.
Forfeiture of RSUs. (a) If Except as otherwise provided in Section 2, if the Recipient’s Continuous Service is terminated for any reason prior to the earlier of (a) Vesting Date or (b) Change in Control Vesting Date, the RSUs granted hereunder shall be forfeited immediately upon such termination of Continuous Service without any payment to the Recipient. Settlement of the RSUs.
Appears in 1 contract
Samples: Lifepoint Hospitals, Inc.
Forfeiture of RSUs. (a) If the Recipient’s Continuous Service is terminated Recipient does not remain continuously actively employed by the Company for any reason prior to the earlier of (a) Vesting Date or (b) Change in Control Vesting Date, the RSUs granted hereunder shall be forfeited immediately upon such lapse in or termination of Continuous Service active service and the shares will be immediately canceled without any payment recompense to or recourse by the Recipient.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Platform Specialty Products Corp)
Forfeiture of RSUs. (a) If Except as otherwise provided in Section 2, if the Recipient’s Continuous Service is terminated for any reason prior to the earlier of (a) Vesting Date or (b) Change in Control a Vesting Date, the Non-Vested RSUs granted hereunder shall be forfeited immediately upon such termination of Continuous Service without any payment to the Recipient.
Appears in 1 contract
Samples: Lifepoint Health, Inc.