Common use of Termination by Participant without Good Reason Clause in Contracts

Termination by Participant without Good Reason. In the event that the Participant terminates his employment with the Company or a Subsidiary without “Good Reason” (as defined in Section 1.4 of the Severance Agreement or Section 1.4 of the CIC Agreement, as applicable), all unvested RSUs shall terminate immediately upon the effective date of such termination and all vested RSUs that have not been delivered in accordance with Section 4 below shall be delivered immediately.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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Termination by Participant without Good Reason. In the event that the Participant Participant, prior to February 15, 2015, terminates his employment with the Company or a Subsidiary without “Good Reason” (as defined in Section 1.4 of the Severance Agreement or Section 1.4 of the CIC Agreement, as applicable), all unvested RSUs shall terminate immediately upon the effective date of such termination and all vested RSUs that have not been delivered in accordance with Section 4 below shall be delivered immediatelyon the scheduled delivery date.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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