Forfeiture of Stock Units. The unvested Stock Units shall automatically be forfeited upon the Awardee's Termination of Service.
Forfeiture of Stock Units. In addition to the circumstance described in Section 8 hereof, any and all Stock Units which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon:
(i) the termination of the Grantee’s employment with the Company or any Subsidiary for any reason other than those set forth in Section 4 hereof prior to such vesting; or
(ii) the commission by the Grantee of an Act of Misconduct prior to such vesting.
Forfeiture of Stock Units. If the Awardee’s Termination of Service occurs for any reason except as set forth in subsection E(3) prior to the date shares of Common Stock are delivered to the Awardee in settlement of this Performance-Based Restricted Stock Unit Award Agreement and prior to the date of vesting pursuant to subsection E(2), then the Awardee’s right to receive any shares of Common Stock pursuant to this Performance-Based Restricted Stock Unit Award Agreement shall be forfeited at such time.
Forfeiture of Stock Units. If the Awardee’s Termination of Service occurs for any reason except as set forth in subsection E(3) prior to the date shares of Common Stock are delivered to the Awardee in settlement of this Performance-Based Restricted Stock Unit Award Agreement and prior to the date of vesting pursuant to subsection E(2), then the Awardee’s right to receive any shares of Common Stock pursuant to this Performance-Based Restricted Stock Unit Award Agreement shall be forfeited at such time. The Awardee’s termination of employment shall not constitute a Termination of Service if the Awardee continues to have the status of a Service Provider under the Plan as a Director
Forfeiture of Stock Units. Except as otherwise provided in this Agreement, any and all Restricted Stock Units which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon:
(a) the termination of the Grantee’s employment with the Company or any Subsidiary for any reason other than those set forth in Section 4 hereof prior to such vesting; or
(b) the commission by the Grantee of an Act of Misconduct prior to such vesting. For purposes of this Agreement, an “Act of Misconduct” shall mean the occurrence of one or more of the following events: (x) the Grantee uses for profit or discloses to unauthorized persons, confidential information or trade secrets of the Company or any of its Subsidiaries, (y) the Grantee breaches any contract with or violates any fiduciary obligation to the Company or any of its Subsidiaries, or (z) the Grantee engages in unlawful trading in the securities of the Company or any of its Subsidiaries or of another company based on information gained as a result of the Grantee’s employment with, or status as a director to, the Company or any of its Subsidiaries.
Forfeiture of Stock Units. Upon the Director’s termination of service as a member of the Board, any unvested Stock Units shall be forfeited by the Director as of the termination date; provided however, that in the event that Director terminates service as a member of the Board by reason of Retirement, the Compensation Committee shall have the discretion to accelerate the vesting of the Stock Units, in whole or in part. For purposes of the foregoing, if the Director is a local national of a country that is a member of the European Union, the grant of the Stock Units and the terms and conditions governing the Award are intended to comply with the age discrimination provisions of the EU Equal Treatment Framework Directive, as implemented into local law (the “Age Discrimination Rules”). To the extent a court or tribunal of competent jurisdiction determines that any provision of the Award is invalid or unenforceable, in whole or in part, under the Age Discrimination Rules, the Company, in its sole discretion, shall have the power and authority to revise or strike such provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law.
Forfeiture of Stock Units. Except as otherwise provided in Section 3, your right to receive a credit of Stock Units shall be forfeited automatically without further action or notice in the event that you cease to be employed by the Company or any of its affiliate companies (referred to collectively herein as “Teradata”) through the end of the Performance Period.
Forfeiture of Stock Units. Except as provided by Section 7, if the Participant experiences a Separation from Service for any reason before the Vesting Date (other than in connection with the Participant’s death or Disability), the Participant shall immediately forfeit all Stock Units under this Award. Further, if the Participant experiences a Separation of Service which is an involuntary termination of employment by the Company for Cause at any time, including after the Vesting Date, the Participant shall immediately forfeit all Stock Units under this Award. The Participant shall not be entitled to any payment for forfeited Stock Units.
Forfeiture of Stock Units. To the extent that the Grantee does not vest in any Stock Unit, then all interest in such Stock Unit shall be forfeited upon the Grantee's Termination of Employment. To the extent that the General Release has not become irrevocable prior to the first day of the seventh month following the Separation Date (as described in Section 4.1), then all interest in such Stock Unit shall be forfeited upon the first day of the seventh month following the Grantee's Termination of Employment. The Grantee shall have no right or interest in any Stock Unit that is forfeited.
Forfeiture of Stock Units. The unvested Stock Units shall automatically be forfeited upon the Awardee’s Termination of Service unless the Administrator determines otherwise in writing. The Awardee’s termination of employment shall not constitute a Termination of Service if the Awardee continues to have the status of a Service Provider under the Plan as a Director.
