Common use of Forfeiture upon Termination of Continuous Service Clause in Contracts

Forfeiture upon Termination of Continuous Service. If Participant ceases to be an Employee for any reason other than death or Disability, the then-unvested Restricted Stock Units (after taking into any accelerated vesting that may occur as the result of any such termination) awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 16 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

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Forfeiture upon Termination of Continuous Service. If Participant ceases to be an Employee for any or no reason other than death or Disability, the then-unvested Restricted Stock Units (after taking into any accelerated vesting that may occur as the result of any such termination) awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

Forfeiture upon Termination of Continuous Service. If Participant ceases to be an Employee a Director for any or no reason other than death or Disability, the then-unvested Restricted Stock Units (after taking into any accelerated vesting that may occur as the result of any such termination) awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

Forfeiture upon Termination of Continuous Service. If Participant ceases to be an Employee a Director for any reason other than death or Disability, the then-unvested Restricted Stock Units (after taking into any accelerated vesting that may occur as the result of any such termination) awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

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Forfeiture upon Termination of Continuous Service. If Participant ceases to be an Employee for any reason other than death or Disabilityreason, the then-unvested Restricted Stock Units (after taking into account any accelerated vesting that may occur as the result of any such termination, including under Section 4) awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp)

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