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Common use of Forfeiture of the RSUs Clause in Contracts

Forfeiture of the RSUs. RSUs that are not vested pursuant to Sections 2(a), (b) or (c) as of the date of termination of Participant’s service as a non-employee director of the Company will be forfeited automatically at the close of business on that date (or immediately upon notice of termination for Cause). In no event may the RSUs become vested, in whole or in part, after forfeiture pursuant to this Section 4.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Mimedx Group, Inc.), Restricted Stock Unit Agreement (Mimedx Group, Inc.), Restricted Stock Unit Agreement (Mimedx Group, Inc.)

Forfeiture of the RSUs. RSUs that are not vested pursuant to Sections 2(a), (b) or (c) as of the date of termination of Participant’s service as a non-employee director of the Company will be forfeited automatically at the close of business on that date (or immediately upon notice of termination for Cause). In no event may the RSUs become vested, in whole or in part, after forfeiture pursuant to this Section 45.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Mimedx Group, Inc.)