Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any Units that are not vested as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 4 contracts

Samples: Performance Restricted Stock Unit Award Agreement, Performance Restricted Stock Unit Award Agreement (Moneygram International Inc), Performance Restricted Stock Unit Award Agreement (Moneygram International Inc)

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Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any Units that are not vested pursuant to Section 2 above as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 4 contracts

Samples: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any Units amount of the Award that are is not vested pursuant to Section 2 above as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 4 contracts

Samples: Global Performance Based Cash Award Agreement (Moneygram International Inc), Global Performance Based Cash Award Agreement (Moneygram International Inc), Global Performance Based Cash Award Agreement (Moneygram International Inc)

Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined belowabove) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any Units that are not vested pursuant to Section 2 above as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 2 contracts

Samples: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

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Termination for Cause; Resignation. If Except in the event of termination due to death, if the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any Units that are not vested as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Moneygram International Inc)

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