Common use of Risk of Forfeiture Clause in Contracts

Risk of Forfeiture. Participant shall immediately forfeit all rights to any Phantom Units which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from employment with Company and its Affiliates under circumstances that do not cause Participant to become fully vested, and the restrictions on such Phantom Units to lapse, under the terms of the Plan and this Phantom Units Agreement.

Appears in 3 contracts

Samples: Phantom Units Agreement (Cheniere Energy Partners, L.P.), Phantom Units Agreement (Cheniere Energy Partners, L.P.), Phantom Units Agreement (Cheniere Energy Partners, L.P.)

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any Phantom Units which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from employment with or services to Company and its Affiliates under circumstances that do not cause Participant to become fully vested, and the restrictions on such Phantom Units to lapse, under the terms of the Plan and this Phantom Units Agreement.

Appears in 3 contracts

Samples: Phantom Units Agreement (Cheniere Energy Partners, L.P.), Phantom Units Agreement (Cheniere Energy Partners, L.P.), Phantom Units Agreement (Cheniere Energy Partners, L.P.)

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any Phantom Units which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from employment or other services with Company and its Affiliates under circumstances that do not cause Participant to become fully vested, and the restrictions on such Phantom Units to lapse, under the terms of the Plan and this Phantom Units Agreement.

Appears in 1 contract

Samples: Phantom Units Agreement (Cheniere Energy Partners, L.P.)

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