Common use of Forfeiture Provisions Clause in Contracts

Forfeiture Provisions. Participant hereby agrees that the Administrator may provide that the Award shall terminate and any unvested RSUs shall be forfeited, if the Participant at any time prior to the vesting of the Award engages in any activity which is inimical, contrary or harmful to the interests of the Company, as determined by the Administrator, including, without limitation, any violation of any written Company policy, or the Participant’s employment is terminated for cause.

Appears in 4 contracts

Samples: Global Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement (Zogenix, Inc.), Restricted Stock Unit Award Agreement (Zogenix, Inc.), Global Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement (Zogenix, Inc.)

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Forfeiture Provisions. Participant hereby agrees that the Administrator Committee may provide that the Award shall terminate and any unvested RSUs shall be forfeited, if the Participant at any time prior to the vesting of the Award engages in any activity which is inimical, contrary or harmful to the interests of the Company, as determined by the AdministratorCommittee, including, without limitation, any violation of any written Company policy, or the Participant’s employment is terminated for cause.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Mercury General Corp)

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