Common use of Forfeiture on Termination of Employment Clause in Contracts

Forfeiture on Termination of Employment. If the Grantee’s employment with the Company and all Subsidiaries is terminated for any reason during the Performance Period, any Stock Units subject to the Award that do not become vested pursuant to Section 3(d) shall be immediately forfeited.

Appears in 3 contracts

Samples: Performance Based Stock Unit Agreement, Performance Based Stock Unit Agreement (Knoll Inc), Performance Based Stock Unit Agreement (Knoll Inc)

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Forfeiture on Termination of Employment. If the Grantee’s employment with the Company and all Subsidiaries is terminated for any reason during the Performance Period, any Stock Units subject to the Award that do not become vested pursuant to Section Sections 3(c) and 3(d) shall be immediately forfeited.

Appears in 2 contracts

Samples: Performance Based Stock Unit Agreement (Knoll Inc), Performance Based Stock Unit Agreement (Knoll Inc)

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