Forfeiture Risk. If the Grantee’s Employment ceases for any reason, including death, any then outstanding and unvested Restricted Stock Units acquired by the Grantee hereunder shall be automatically and immediately forfeited, subject to Section 3(b) above.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Michaels Companies, Inc.), Restricted Stock Unit Agreement (Michaels Companies, Inc.), Restricted Stock Unit Agreement (Directors) (Michaels Companies, Inc.)
Forfeiture Risk. If the Grantee’s Employment ceases for any reason, including death, any then outstanding and unvested Restricted Stock Units acquired by the Grantee hereunder shall be automatically and immediately forfeited, subject to treated as set forth in Section 3(b) above7.
Appears in 2 contracts
Samples: Agreement (Michaels Companies, Inc.), Restricted Stock Unit Agreement (Michaels Companies, Inc.)
Forfeiture Risk. (a) [If the Grantee’s Employment ceases for any reason, including deathother than as a result of the Grantee’s death or a termination of the Grantee’s Employment by reason of his or her Disability, any and all then outstanding and unvested Restricted Stock Units acquired by the Grantee hereunder shall be automatically and immediately forfeited, subject be forfeited with no consideration due to Section 3(b) abovethe Grantee.]3 1 Include for purchased restricted stock.
Appears in 1 contract
Samples: Restricted Stock Agreement (Bright Horizons Family Solutions Inc.)
Forfeiture Risk. (a) [If the Grantee’s Employment ceases for any reason, including deathother than as a result of the Grantee’s death or a termination of the Grantee’s Employment by reason of his or her Disability, any and all then outstanding and unvested Restricted Stock Units acquired by the Grantee hereunder shall be automatically and immediately forfeited, subject be forfeited with no consideration due to Section 3(b) above.the Grantee.]3
Appears in 1 contract
Samples: Restricted Stock Agreement (Bright Horizons Family Solutions Inc.)
