Common use of Forfeiture upon Termination as Service Provider Clause in Contracts

Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award Notification, if the Employee terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the Employee.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (Kla Tencor Corp), Restricted Stock Unit Agreement (Kla Tencor Corp), Restricted Stock Unit Agreement (Kla Tencor Corp)

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Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Award Agreement or the Restricted Stock Unit Award NotificationNotice of Grant, if the Employee terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the EmployeeCompany.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Check Point Software Technologies LTD), Restricted Stock Unit Agreement (Check Point Software Technologies LTD), Restricted Stock Unit Agreement (Check Point Software Technologies LTD)

Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award NotificationNotice of Grant, if the Employee Participant terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the EmployeeCompany.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Cytokinetics Inc), Restricted Stock Unit Award Agreement (Cytokinetics Inc)

Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award NotificationNotice of Grant, if the Employee terminates service his or her Continuous Status as a Service Provider Beneficiary for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the EmployeeTrust.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Business Objects S.A.)

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Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award NotificationNotice of Grant, if the Employee Participant terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the EmployeeCompany.

Appears in 1 contract

Samples: Stock Option Award Agreement (Aruba Networks, Inc.)

Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award NotificationNotice of Grant, if the Employee terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or otherwise) due the EmployeeCompany.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Juniper Networks Inc)

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