Common use of Forfeiture of Unvested Units Clause in Contracts

Forfeiture of Unvested Units. Any Units that do not vest on the applicable vesting date as provided in Sections 4(a) through (f) shall immediately be forfeited. If your Service terminates prior to the Scheduled Vesting Date under circumstances other than as set forth in Sections 4(b) through (f), all unvested Units shall immediately be forfeited.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries)

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Forfeiture of Unvested Units. Any Units that do not vest on the applicable vesting date Scheduled Vesting Date as provided in Sections Section 4(a) through (f) shall immediately be forfeited. If your Service employment terminates prior to the Scheduled Vesting Date under circumstances other than as set forth in Sections 4(b) through (f)Date, all unvested Units shall immediately be forfeited.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Surmodics Inc)

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Forfeiture of Unvested Units. Any Units that do not vest on the applicable vesting date as provided in Sections 4(a) through (f) this Section 2 shall immediately be forfeited. If your Service terminates prior to the Scheduled Vesting Date under circumstances other than as set forth in Sections 4(b) through (f)Section 2, all unvested Units shall immediately be forfeited.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (iMedia Brands, Inc.)

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