Common use of Other Separation from Service Clause in Contracts

Other Separation from Service. If the Recipient incurs a Separation from Service for any reason other than those described in Section 2 or Section 4, any Restricted Share Units which have not yet vested, as of the date of the Recipient’s Separation from Service, shall be immediately forfeited by the Recipient; provided, however, the Committee may determine that all or a portion of the Recipient’s Restricted Share Units shall vest and be issued if the Recipient incurs a Separation from Service under such special circumstances as the Committee deems appropriate.

Appears in 4 contracts

Samples: Award Agreement (Ii-Vi Inc), Award Agreement (Ii-Vi Inc), Award Agreement (Ii-Vi Inc)

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Other Separation from Service. If the Recipient incurs a Separation from Service for any reason other than those described in Section 2 or Section 4, any Restricted Share Units Shares which had been granted to the Recipient which have not yet vestedbecome vested and transferable, as of the date of the Recipient’s Separation from Service, shall be immediately forfeited by the Recipient; provided, however, the Committee may determine that all or a portion of the Recipient’s unvested Restricted Share Units Shares shall also vest and be issued if the Recipient incurs a Separation from Service under such special circumstances as the Committee deems appropriate.

Appears in 2 contracts

Samples: Restricted Share Award Agreement (Ii-Vi Inc), Restricted Share Award Agreement (Ii-Vi Inc)

Other Separation from Service. (a) If the Recipient incurs a Separation from Service for any reason other than those described in Section 2 or Section 4, any Restricted Share Units which have not yet vested, as of the date of the Recipient’s Separation from Service, shall be immediately forfeited by the RecipientRecipient and the Recipient shall not be entitled to any compensation for lost vesting; provided, however, the Committee may determine that all or a portion of the Recipient’s Restricted Share Units shall vest and be issued if the Recipient incurs a Separation from Service under such special circumstances as the Committee deems appropriate.

Appears in 1 contract

Samples: Inducement Award Agreement (Coherent Corp.)

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Other Separation from Service. If the Recipient incurs a Separation from Service for any reason other than those described in Section 2 or Section 4, any Restricted Share Units which have not yet vested, as of the date of the Recipient’s Separation from Service, shall be immediately forfeited by the RecipientRecipient and the Recipient shall not be entitled to any compensation for lost vesting; provided, however, the Committee may determine that all or a portion of the Recipient’s Restricted Share Units shall vest and be issued if the Recipient incurs a Separation from Service under such special circumstances as the Committee deems appropriate.

Appears in 1 contract

Samples: Restricted Share Unit (Coherent Corp.)

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