Common use of Forfeiture of Unvested RSUs Upon Cessation of Service Clause in Contracts

Forfeiture of Unvested RSUs Upon Cessation of Service. In the event that the Participant ceases to be an Eligible Participant for any reason or no reason, with or without Cause, all of the RSUs that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no further rights with respect to the unvested RSUs or any Common Stock that may have been issuable with respect thereto.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (MICROSTRATEGY Inc), Restricted Stock Unit Agreement (MICROSTRATEGY Inc), Restricted Stock Unit Agreement (MICROSTRATEGY Inc)

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Forfeiture of Unvested RSUs Upon Cessation of Service. In the event that the Participant ceases to be an Eligible Participant (as defined below) for any reason or no reason, with or without Cause, all of the RSUs that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no further rights with respect to the unvested RSUs or any Common Stock that may have been issuable with respect thereto.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (MICROSTRATEGY Inc)

Forfeiture of Unvested RSUs Upon Cessation of Service. In the event that the Participant ceases to be an Eligible Participant a director of the Company for any reason or no reason, with or without Causecause, all of the RSUs that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no further rights with respect to the unvested RSUs or any Class A Common Stock that may have been issuable with respect thereto.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ameresco, Inc.)

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Forfeiture of Unvested RSUs Upon Cessation of Service. In the event that the Participant ceases to be an Eligible Participant Outside Director for any reason or no reason, with or without Causecause, all of the RSUs that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no further rights with respect to the unvested RSUs or any Common Stock that may have been issuable with respect thereto.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (MICROSTRATEGY Inc)

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