Common use of Forfeiture of Vested Units Clause in Contracts

Forfeiture of Vested Units. (a) Upon (i) a termination of employment for Cause, (ii) resignation by the Participant when grounds for Cause exist (determined without regard to after-acquired evidence) or (iii) if, following any termination of employment, the Participant commits a Covenant Breach, then all Vested Units shall expire and immediately be forfeited and cancelled in their entirety without any consideration to the Participant.

Forfeiture of Vested Units. (a) Upon (i) a termination of employment for Cause, (ii) resignation by the Participant when grounds for Cause exist (determined without regard to after-acquired evidence) or (iii) if, following any termination of employment, the Participant commits a Covenant Breach, then all Vested Units and any Class A Units acquired pursuant to the conversion of Vested Units pursuant to Section 3.04(e) of the Partnership Agreement shall expire and immediately be forfeited and cancelled in their entirety without any consideration to the Participant.

Forfeiture of Vested Units. (a) Upon (i) a termination of employment for Cause, (ii) resignation by the Participant when grounds for Cause exist (determined without regard to after-acquired evidence) or (iii) if, following any termination of employment, employment the Participant commits a Covenant Breach, then all Vested Units and any Class A Units acquired pursuant to the conversion of Vested Units pursuant to Section 3.04(e) of the Partnership Agreement shall expire and immediately be forfeited and cancelled in their entirety without any consideration to the Participant.