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: Long Term Service Restricted Stock Unit Award Agreement (Markel Group Inc.), Performance Based Restricted Stock Unit Award Agreement (Markel Group Inc.), Restricted Stock Unit Award Agreement (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: Performance Based Restricted Stock Unit Award Agreement (Markel Corp), Performance Based Restricted Stock Unit Award Agreement (Markel Corp)

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