Forfeiture Risk. If the Participant ceases to be employed or retained by the Company and/or its subsidiaries for any reason any then outstanding and unvested RSU acquired by the Participant hereunder shall be automatically and immediately forfeited. The Participant hereby appoints the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate the cancellation of a forfeited RSU.
Appears in 8 contracts
Samples: 2018 Rsu Award Agreement (Entegris Inc), 2017 Rsu Award Agreement (Entegris Inc), 2016 Rsu Award Agreement (Entegris Inc)
Forfeiture Risk. If Except as otherwise provided in this Agreement, if the Participant ceases to be employed or retained by the Company and/or its subsidiaries or an Affiliate for any reason reason, any then then-outstanding and unvested RSU acquired by the Participant hereunder shall be automatically and immediately forfeited. The Participant hereby appoints the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate the cancellation of a forfeited RSU.
Appears in 5 contracts
Samples: Rsu Award Agreement (Entegris Inc), 2022 Rsu Award Agreement (Entegris Inc), 2020 Rsu Award Agreement (Entegris Inc)
Forfeiture Risk. If the Participant ceases to be employed or retained by an employee of the Company and/or and its subsidiaries Affiliates for any reason reason, other than as provided in Section 7 below, any then outstanding and unvested RSU acquired by the Participant hereunder RSUs shall be automatically and immediately forfeited. The Participant hereby appoints forfeited with no compensation due to the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate the cancellation of a forfeited RSUParticipant.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Hercules Capital, Inc.)
Forfeiture Risk. If Except as otherwise provided in this Agreement, if the Participant ceases to be employed or retained by the Company and/or its subsidiaries for any reason any then outstanding and unvested RSU acquired by the Participant hereunder shall be automatically and immediately forfeited. The Participant hereby appoints the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate the cancellation of a forfeited RSU.
Appears in 1 contract
