Common use of Forfeiture of Units Clause in Contracts

Forfeiture of Units. In general, if you separate from service before the Vesting Date, any unvested Units will be forfeited. Under the circumstances set forth below (subject to the other terms of this Award Agreement, including Section 5), Units will vest or be forfeited, in whole or part, upon separation from service before the Vesting Date as follows:

Appears in 4 contracts

Samples: Award Agreement (Markel Group Inc.), Award Agreement (Markel Group Inc.), Restricted Stock Unit (Markel Corp)

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Forfeiture of Units. In general, if you separate from service before the Vesting Date, any unvested Units will be forfeited. Under the circumstances set forth below (subject to the other terms of this Award Agreement, including Section 56), Units will vest or be forfeited, in whole or part, upon separation from service before the Vesting Date as follows:

Appears in 2 contracts

Samples: Markel Corp, Markel Corp

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