Common use of Service Termination Clause in Contracts

Service Termination. Except as set forth in Section 2(c) below, upon the cessation of the Participant’s service with the Company as an employee, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such cessation of service. For purposes of this RSU award, service with the Company shall include service as an employee or director of, or consultant to, the Company or to a parent or subsidiary of the Company, or any successor to the Company.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.), Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.), Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.)

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Service Termination. Except as set forth in Section 2(c) below, upon the cessation of the Participant’s 's service with the Company as an employee, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such cessation of service. For purposes of this RSU award, service with the Company shall include service as an employee or director of, or consultant to, the Company or to a parent or subsidiary of the Company, or any successor to the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.), Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.)

Service Termination. Except as set forth in Section 2(c) below, upon the cessation of the Participant’s service with the Company as an employee, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such cessation of service, subject to applicable law. For purposes of this RSU award, service with the Company shall include service as an employee or director of, or consultant to, the Company or to a parent or subsidiary of the Company, or any successor to the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Emergent BioSolutions Inc.)

Service Termination. Except as set forth in Section 2(c) below, upon the cessation termination of the Participant’s 's service with the Company on the Board of Directors of the Company, or as an employeeemployee of or consultant to the Company, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such cessation of serviceservice termination. For purposes of this RSU awardAgreement, service with the Company shall include service as an employee or director of, or consultant to, the Company or to with a parent or subsidiary of the Company, or any successor to the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Emergent BioSolutions Inc.)

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Service Termination. Except as set forth in Section 2(c) below, upon the cessation termination of the Participant’s service with the Company on the Board of Directors of the Company, or as an employeeemployee of or consultant to the Company, consultant or director of the Company for any reason, all unvested RSUs shall be automatically forfeited as of such cessation of serviceservice termination. For purposes of this RSU awardAgreement, service with the Company shall include service as an employee or director of, or consultant to, the Company or to with a parent or subsidiary of the Company, or any successor to the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Emergent BioSolutions Inc.)

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