Common use of Forfeiture of Stock Units Clause in Contracts

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. In addition to the circumstance described Except as otherwise provided in Section 8 hereofthis 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: (ia) 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 (iib) the commission by the Grantee of an Act of Misconduct prior to such vesting.

Forfeiture of Stock Units. In addition to the circumstance described Except as otherwise provided in Section 8 hereofthis Agreement, any and all Formula 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: (ia) the termination of the Grantee’s employment with the Company or any Subsidiary service as a director for any reason other than those set forth in Section 4 hereof prior to such vesting; or (iib) the commission by the Grantee of an Act of Misconduct prior to such vesting.

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 by the Grantee, the Company or its Subsidiaries 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. In addition to the circumstance described in Section 8 6 hereof, any and all Stock Units which have not become vested in accordance with Section 3, 4 or 5 3 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) upon the commission by the Grantee of an Act of Misconduct prior to such vesting.