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

Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Agreement, if the Participant’s continuous Service terminates for any or no reason, the then-unvested Restricted Stock Units awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 14 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Netapp (NetApp, Inc.), Netapp (NetApp, Inc.)

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Forfeiture upon Termination of Continuous Service. Notwithstanding Except as provided in Section 4, notwithstanding any other contrary provision of this Agreement, if the Participant’s continuous Service service as a member of the Board terminates for any or no reason, the then-unvested Restricted Stock Units awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Agreement, if the Participant’s continuous Service terminates for any or no reason, the then-unvested Restricted Stock Performance Units awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 4 contracts

Samples: Performance Unit Agreement (NetApp, Inc.), Performance Unit Agreement (NetApp, Inc.), Performance Unit Agreement (NetApp, Inc.)

Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Agreement, if the Participant’s continuous Participant ceases to be a Service terminates Provider for any or no reason, the then-unvested Restricted Stock Units awarded by this 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 Agreement (Cutera Inc)

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Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Award Agreement, if the Participant’s continuous Continuous Service terminates to the Company ceases for any or no reason, the then-unvested portion of the Restricted Stock Units awarded by this Agreement Unit Award 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 (Sandbridge Acquisition Corp)

Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Agreement, if the Participant’s continuous Grantees ceases to provide Continuous Service terminates for any or no reason, the then-unvested Restricted Stock Units awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant Grantee will have no further rights thereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Informatica Corp)

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