Common use of Forfeiture of Unvested Portion of Cash Award Clause in Contracts

Forfeiture of Unvested Portion of Cash Award. To the extent that the Grantee does not vest in a portion of the Cash Award, all interest in such portion of the Cash Award shall be forfeited upon the Grantee’s Termination of Service. The Grantee has no right or interest in any portion of the Cash Award that is forfeited.

Appears in 4 contracts

Samples: Service Based Cash Award Agreement (Peabody Energy Corp), Service Based Cash Award Agreement (Peabody Energy Corp), Service Based Cash Award Agreement (Peabody Energy Corp)

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Forfeiture of Unvested Portion of Cash Award. To the extent that the Grantee does not vest in a portion of the Cash Award, all interest in such portion of the Cash Award shall be forfeited upon the Grantee’s Termination of Separation from Service. The Grantee has no right or interest in any portion of the Cash Award that is forfeited.

Appears in 2 contracts

Samples: Cash Award Agreement (Premier, Inc.), Service Based Cash Award Agreement (Peabody Energy Corp)

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