Forfeiture of Unvested Units. Subject to any accelerated vesting under Section 3(b), if the Participant experiences a Termination of Employment, any unvested Units shall be forfeited and the Participant shall have no further interest in, or right to receive shares of Common Stock in settlement of, such Units. In addition, Participant shall forfeit any unvested Units if Participant remains employed through the third anniversary of the Grant Date, or, if earlier, the date of a Change in Control, and the Performance Goal has not been satisfied.
Appears in 3 contracts
Samples: Performance Units Agreement (Regis Corp), Performance Units Agreement (Regis Corp), Performance Units Agreement (Regis Corp)
Forfeiture of Unvested Units. Subject to any accelerated vesting under Section Sections 3(b), 3(c) or 3(d), if the Participant experiences a Termination of Employment, any unvested Units subject to this Award shall be forfeited and the Participant shall have no further interest in, or right to receive shares of Common Stock in settlement of, such Units. In addition, Participant shall forfeit any unvested Units if Participant remains employed through the third anniversary of the Grant Date, or, if earlier, the date of a Change in Control, and the Performance Goal has not been satisfied.
Appears in 2 contracts
Samples: Performance Units Agreement (Regis Corp), Performance Units Agreement (Regis Corp)
