Common use of Forfeiture Upon Termination of Employment Clause in Contracts

Forfeiture Upon Termination of Employment. Except as otherwise provided in Sections 2(b), 2(c) and 2(d) above, in the event that the Grantee’s employment with the Company (or its Affiliate, as applicable) terminates for any reason or no reason, voluntarily or involuntarily, the Grantee shall forfeit any and all PRSUs which are not and cannot become, as of the time of such termination or as a result of the completion of the Performance Period, Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Forfeiture Upon Termination of Employment. Except as otherwise provided in Sections 2(b), 2(c) and 2(d2(c) above, in the event that the Grantee’s employment with the Company (or its Affiliate, as applicable) terminates for any reason or no reason, voluntarily or involuntarily, the Grantee shall forfeit any and all PRSUs which are not and cannot become, as of the time of such termination or as a result of the completion of the Performance Period, Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Forfeiture Upon Termination of Employment. (i) Except as otherwise specifically provided in Sections 2(b), 2(c2(a) and 2(d) above(c), in the event that the Grantee’s employment with the Company (or its Affiliate, as applicable) terminates for any reason or no reason, with or without Cause, voluntarily or involuntarily, the Grantee shall forfeit any and all PRSUs First Tranche RSUs which are not and cannot becomenot, as of the time of such termination or as a result of the completion of the Performance Periodtermination, Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Forfeiture Upon Termination of Employment. Except as otherwise provided in Sections Section 2(b), 2(c) and 2(d) above, in the event that the Grantee’s employment with the Company (or its AffiliateAffiliate or Parent, as applicable) terminates for any reason or no reason, voluntarily or involuntarily, the Grantee shall forfeit any and all PRSUs Restricted Stock Units which are not and cannot becomenot, as of the time of such termination or as a result of the completion of the Performance Periodtermination, Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.