Common use of Resignation or Termination for Cause Clause in Contracts

Resignation or Termination for Cause. If the Participant’s employment with the Company is terminated for “Cause” (as defined in the Participant’s employment offer letter or agreement, as applicable, or in the absence of such provision, as defined herein) or due to the Participant’s voluntary resignation, all RSUs shall immediately be forfeited and canceled effective as of the effective date of the Participant’s Termination of Employment as a result of the Participant’s resignation or termination for Cause. For purposes of this Agreement, “Cause” shall mean the termination of the Participant’s employment because of:

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Microvast Holdings, Inc.), Restricted Stock Unit Award Agreement (Microvast Holdings, Inc.)

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Resignation or Termination for Cause. If the Participant’s employment with the Company is terminated for “Cause” (as defined in the Participant’s employment offer letter or agreement, as applicable, or in the absence of such provision, as defined herein) or due to the Participant’s voluntary resignation, all RSUs PSUs shall immediately be forfeited and canceled effective as of the effective date of the Participant’s Termination of Employment as a result of the Participant’s resignation or termination for Cause. For purposes of this Agreement, “Cause” shall mean the termination of the Participant’s employment because of:

Appears in 1 contract

Samples: Performance Unit Award Agreement (Microvast Holdings, Inc.)

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Resignation or Termination for Cause. If the Participant’s employment with the Company is terminated for “Cause” (as defined in the Participant’s employment offer letter or agreement, as applicable, applicable or in the absence of such provision, as defined herein) or due to the Participant’s voluntary resignation, all RSUs Options, whether vested or unvested, or any portion thereof, shall immediately be forfeited and canceled cease to be exercisable effective as of the effective date of the Participant’s Termination of Employment as a result of the Participant’s resignation or termination for CauseEmployment. For purposes of this Agreement, “Cause” shall mean the termination of the Participant’s employment because of:

Appears in 1 contract

Samples: Stock Option Award Agreement (Microvast Holdings, Inc.)

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