Common use of Impact of Separation from Service Clause in Contracts

Impact of Separation from Service. If you have a Separation from Service prior to any of the above vesting date(s) for any reason (including your death or disability), then any Restricted Stock Units that had not yet become earned and vested under paragraph (a) above shall be immediately canceled and forfeited as of the date of such Separation from Service.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Exact Sciences Corp), Restricted Stock Unit Award Agreement (Exact Sciences Corp), Restricted Stock Unit Award Agreement (Exact Sciences Corp)

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Impact of Separation from Service. If you have a Separation from Service prior to any of the above vesting date(s) for any reason (including your death or disability), then any Restricted Stock Units that had not yet become earned and vested under paragraph (a) above shall be immediately canceled and forfeited as of the date of such Separation from Service. For purposes of this Award, a “Separation from Service” means your “separation from service” with the Company within the meaning of Section 409A of the Code.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (ZBB Energy Corp), Restricted Stock Unit Award Agreement (ZBB Energy Corp)

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