Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement, the balance of Restricted Stock Units awarded by this Agreement that have not vested at the time of Participant’s termination as a Service Provider for any reason will be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company upon the date of such termination.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (On Semiconductor Corp), Restricted Stock Unit Agreement (On Semiconductor Corp), Restricted Stock Unit Agreement (Catalyst Semiconductor Inc)
Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement, if the balance of Participant ceases to be a Service Provider for any or no reason, the then-unvested Restricted Stock Units awarded by this Agreement that have not vested at the time of Participant’s termination as a Service Provider for any reason will thereupon be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company upon and the date of such terminationParticipant will have no further rights thereunder.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Ikanos Communications)
