Common use of Forfeiture Risk Clause in Contracts

Forfeiture Risk. Automatically and immediately upon the cessation of the Grantee’s Employment for any reason, the unvested portion of the Award shall terminate and be forfeited for no consideration.

Forfeiture Risk. Automatically and immediately upon the cessation of the Grantee’s Employment for any reason, reason the unvested portion of the this Award shall terminate and be forfeited for no consideration.