Restrictions; Forfeiture. The Performance Share Units are restricted in that they cannot be sold, transferred or otherwise alienated or hypothecated. In the event you cease to be an employee of the Company and any subsidiary, other than as provided in Section 5 below, the Performance Share Units that are not vested on the date of such cessation of employment shall be immediately forfeited.
Appears in 2 contracts
Samples: Performance Share Unit Agreement (HF Sinclair Corp), Performance Share Unit Agreement (HollyFrontier Corp)
Restrictions; Forfeiture. The Performance Share Units are restricted in that they canmay not be sold, transferred or otherwise alienated until the restrictions are removed or hypothecatedexpire as described in Section 6 of this Agreement. In The Performance Share Units are also restricted in the event you cease sense that they may be forfeited to be an employee of the Company and any subsidiary, other than as provided in Section 5 below, 6 (the Performance Share Units that are not vested on the date of such cessation of employment shall be immediately forfeited“Forfeiture Restrictions”).
Appears in 2 contracts
Samples: Performance Share Unit Award Agreement (Huntsman International LLC), Performance Share Unit Award Agreement (Huntsman International LLC)
Restrictions; Forfeiture. The Performance Share Units are restricted in that they canmay not be sold, transferred or otherwise alienated or hypothecated. In the event hypothecated until these restrictions are removed or expire as contemplated in Section 6 or 7 of this Agreement and Shares or cash are distributed to you cease to be an employee of the Company and any subsidiary, other than as provided described in Section 5 below, of this Agreement. The Performance Units are also restricted in the Performance Share Units sense that are not vested on they may be forfeited (the date of such cessation of employment shall be immediately forfeited“Forfeiture Restrictions”).
Appears in 2 contracts
Samples: Performance Unit Agreement (Venator Materials PLC), Performance Unit Agreement (Venator Materials PLC)
Restrictions; Forfeiture. The Performance Share Units are restricted in that they canmay not be sold, transferred transferred, or otherwise alienated or hypothecatedhypothecated until these restrictions are removed or expire as contemplated in Sections 6 or 7 of this Agreement. In the event you cease to be an employee of the Company and any subsidiary, other than as provided in Section 5 below, the The Performance Share Units are also restricted in the sense that are not vested on they may be forfeited to the date of such cessation of employment shall be immediately forfeitedCompany (the “Forfeiture Restrictions”).
Appears in 1 contract
Samples: Performance Share Unit Agreement (Nexeo Solutions, Inc.)
Restrictions; Forfeiture. The Performance Share Units are restricted in that they canmay not be sold, transferred or otherwise alienated until the restrictions are removed or hypothecatedexpire as described in Section 6 or Section 7(b) of this Agreement. In The Performance Share Units are also restricted in the event you cease sense that they may be forfeited to be an employee of the Company and any subsidiary, other than as provided in Section 5 below, 6 (the Performance Share Units that are not vested on the date of such cessation of employment shall be immediately forfeited“Forfeiture Restrictions”).
Appears in 1 contract
Samples: Performance Share Unit Award Agreement (Huntsman CORP)