Common use of Forfeiture of Units Clause in Contracts

Forfeiture of Units. Immediately upon a Termination of Service for any reason other than the Executive’s death or Disability, the Executive shall forfeit any and all Units which have not vested or do not vest on or prior to such termination, and the Executive’s rights in any such Units which are not so vested shall terminate, lapse and expire (including the Executive’s right to receive the shares underlying such Units).

Appears in 6 contracts

Samples: Contract Stock / Restricted Units Agreement, Employment Agreement (Integra Lifesciences Holdings Corp), Contract Stock / Restricted Units Agreement (Integra Lifesciences Holdings Corp)

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Forfeiture of Units. Immediately upon a Termination of Service for any reason other than the Executive’s death or Disabilitynot listed in Section 3(b)(i) above, the Executive shall forfeit any and all Units which have not vested or do not vest on or prior to such termination, and the Executive’s rights in any such Units which are not so vested shall terminate, lapse and expire (including the Executive’s right to receive the shares underlying such Units).

Appears in 1 contract

Samples: Contract Stock/Restricted Units Agreement (Integra Lifesciences Holdings Corp)

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Forfeiture of Units. Immediately upon a Termination of Service for any reason other than the Executive’s death or Disabilityreason, the Executive shall forfeit any and all Units which have not vested or do not vest on or prior to such termination, and the Executive’s rights in any such Units which are not so vested shall terminate, lapse and expire (including the Executive’s right to receive the shares underlying such Units).

Appears in 1 contract

Samples: Contract Stock / Restricted Units Agreement (Integra Lifesciences Holdings Corp)

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