Common use of Other Termination of Service Clause in Contracts

Other Termination of Service. If the Participant ceases to be in Service prior to the Vesting Date (including, without limitation, by reason of a divestiture or cessation of control of an Affiliate), and is not Retirement Eligible or subject to a divestiture, under circumstances other than those set forth in the foregoing subsections (1) – (3) of this Section E or Section 11(b) of the Award Agreement, all unvested PSUs held by the Participant shall be forfeited to the Company on the date of such cessation of Service, and no Additional Shares shall be issued to the Participant.

Appears in 12 contracts

Samples: Performance Share Unit Award Agreement (KEMPER Corp), Performance Share Unit Award Agreement (KEMPER Corp), Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp)

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Other Termination of Service. If the Participant ceases to be in Service prior to the Vesting Date (including, without limitation, by reason of a divestiture or cessation of control of an Affiliate), and is not Retirement Eligible or subject to a divestiture, under circumstances other than those set forth in the foregoing subsections (1) – (3) of this Section E or Section 11(b) of the Award AgreementE, all unvested PSUs held by the Participant shall be forfeited to the Company on the date of such cessation of Service, and no Additional Shares shall be issued to the Participant.

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (KEMPER Corp), Performance Share Unit Award Agreement (KEMPER Corp), Performance Share Unit Award Agreement (KEMPER Corp)

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