Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. In the event that the Participant’s Service with a Participating Company is terminated by the Participating Company for Cause, insofar as permitted under Local Law the Participant shall forfeit and the Company shall automatically reacquire all Units (whether vested or unvested), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with a Participating Company is terminated by the Participating Company for Causeor without cause, insofar as permitted under Local Law the Participant shall forfeit and the Company shall automatically reacquire all Units (whether vested or unvested)which are not, as of the time of such termination, Vested Units, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”), subject to the provisions of any employment, service or other agreement between the Participant and a Participating Company referring to this Award.

Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with a Participating Company is terminated by the Participating Company for Causeor without cause, insofar as permitted under Local Law the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of such termination, Vested Units (whether vested or unvested“Unvested Units”), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).