Forfeiture, Termination and Cancellation upon Termination of Service. Notwithstanding any contrary provision of this Agreement or the Plan, upon the Participant’s Termination of Service for any or no reason, all RSUs which have not vested prior to or in connection with such Termination of Service or applicable notice period thereafter as provided herein, including any applicable acceleration of vesting set forth in the Notice above, shall thereupon automatically be forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration by the Company, and the Participant, or the Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder. No portion of the RSUs which have not become vested as of the date on which the Participant incurs a Termination of Service shall thereafter become vested except within a notice period of up to three months following the Participant’s Termination of Service.
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Samples: Restricted Stock Unit Award Agreement (Ivanhoe Electric Inc.), Restricted Stock Unit Award Agreement (Ivanhoe Electric Inc.)
Forfeiture, Termination and Cancellation upon Termination of Service. Notwithstanding any contrary provision of this Agreement or the Plan, upon the Participant’s Termination of Service for any or no reason, all RSUs which have not vested prior to or in connection with such Termination of Service or applicable notice period thereafter as provided herein, including any applicable acceleration of vesting set forth in the Notice above, shall thereupon automatically be forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration by the Company, and the Participant, or the Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder. No portion of the RSUs which have not become vested as of the date on which the Participant incurs a Termination of Service shall thereafter become vested except within a notice period of up to three months following the Participant’s Termination of Service.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ivanhoe Electric Inc.)
Forfeiture, Termination and Cancellation upon Termination of Service. Notwithstanding any contrary provision of this Agreement or the Plan, upon the Participant’s Termination termination of Service for any or no reason, all RSUs Restricted Stock Units which have not vested prior to or in connection with such Termination termination of Service or applicable notice period thereafter as provided herein, including (after taking into consideration any applicable acceleration accelerated vesting which may occur in connection with such termination of vesting set forth in the Notice above, Service (if any)) shall thereupon automatically be forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration by the Company, and the Participant, or the Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder. No portion of the RSUs which have has not become vested as of the date on which the Participant incurs a Termination termination of Service shall thereafter become vested except within a notice period of up to three months following the Participant’s Termination of Servicevested.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Staar Surgical Co)