Common use of Termination for Cause; Termination by the Participant other than for Good Reason Clause in Contracts

Termination for Cause; Termination by the Participant other than for Good Reason. In the event the Participant’s Termination of Employment is for "Cause" or if the Participant terminates his employment voluntarily other than for "Good Reason," all unvested Restricted Stock Units shall be immediately forfeited for no consideration.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Scholastic Corp), Restricted Stock Unit Agreement (Scholastic Corp)

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Termination for Cause; Termination by the Participant other than for Good Reason. In the event the Participant’s Termination of Employment is for "Cause" or if the Participant terminates his employment voluntarily other than for "Good Reason," ", all unvested Restricted Stock Units shall be immediately forfeited for no consideration.

Appears in 1 contract

Samples: 2011 Stock Incentive Plan (Scholastic Corp)

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Termination for Cause; Termination by the Participant other than for Good Reason. In the event the Participant’s 's Termination of Employment is for "Cause" or if the Participant terminates his employment voluntarily other than for "Good Reason," all unvested Restricted Stock Units shall be immediately forfeited for no consideration.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Scholastic Corp)

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