Common use of Forfeiture of Unvested Performance Units Clause in Contracts

Forfeiture of Unvested Performance Units. If a Change in Control or an Enova Public Offering (“CIC/Enova Event”) occurs, any outstanding unvested Performance Units that do not become vested under this Section 5 shall expire and be forfeited on the date of the CIC/Enova Event, and Employee shall thereafter have no further right to payment or compensation with respect to any such unvested portion of the Award, including without limitation, as a result of any subsequent CIC/Enova Event.

Appears in 2 contracts

Samples: Long Term Incentive Plan Award Agreement (Cash America International Inc), Long Term Incentive Plan Award Agreement (Cash America International Inc)

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Forfeiture of Unvested Performance Units. If a Change in Control or an Enova Public Offering Event (“CIC/Enova Event”) occurs, any outstanding unvested Performance Units that do not become vested under this Section 5 shall expire and be forfeited on the date of the CIC/Enova Event, and Employee shall thereafter have no further right to payment or compensation with respect to any such unvested portion of the Award, including without limitation, as a result of any subsequent CIC/Enova Event.

Appears in 2 contracts

Samples: Long Term Incentive Plan Award Agreement (Cash America International Inc), Long Term Incentive Plan Award Agreement (Cash America International Inc)

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