Termination by the Company without Cause or by the Participant for Good Reason. If the Participant’s employment is terminated by the Company under Section 6(d) or 6(f) of the Employment Agreement or the Participant resigns and terminates the Participant’s employment under Section 6(d) or 6(f) of the Employment Agreement, then all unvested Shares of Restricted Stock shall vest immediately as of the date of such termination.
Appears in 3 contracts
Samples: Restricted Stock Award Agreement (Strattec Security Corp), Restricted Stock Award Agreement (Strattec Security Corp), Restricted Stock Award Agreement (Strattec Security Corp)
Termination by the Company without Cause or by the Participant for Good Reason. If the Participant’s employment is terminated by the Company under Section 6(d) or 6(f) of the Employment Agreement or the Participant resigns and terminates the Participant’s employment under Section 6(d) or 6(f) of the Employment Agreement, then all unvested Shares the Participant shall become vested in the Target Number of Restricted Stock shall vest immediately PSUs as of the date of such termination.
Appears in 1 contract
Samples: Performance Restricted Stock Unit Award Agreement (Strattec Security Corp)
