Common use of Termination for Reasons Other Than Death, Disability or Retirement Clause in Contracts

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, Disability, or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under this Agreement relating to Award Units with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kind.

Appears in 5 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Sleep Number Corp), Stock Unit Award Agreement (Sleep Number Corp), Restricted Stock Unit Award Agreement (Sleep Number Corp)

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Termination for Reasons Other Than Death, Disability or Retirement. In the event that the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, Disability, or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under this Agreement relating to Award Units with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kind.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Sleep Number Corp), Form of Restricted Stock Unit Award Agreement (Sleep Number Corp), Form of Restricted Stock Unit Award Agreement (Sleep Number Corp)

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, Disability, Disability or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under this Agreement relating to Award Units with respect to which the Restrictions have not lapsed will terminate immediately terminate and be forfeited without notice of any kind, and will be forfeited.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Sleep Number Corp), Restricted Stock Unit Award Agreement (Sleep Number Corp), Restricted Stock Unit Award Agreement (Sleep Number Corp)

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, DisabilityDisability or Retirement, or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under the Plan and this Agreement relating to will terminate immediately without notice of any kind, and this Award Units will be terminated and all Award Shares with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kindforfeited.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Select Comfort Corp), Restricted Stock Award Agreement (Select Comfort Corp)

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, DisabilityDisability or Retirement, or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under the Plan and this Agreement relating to Award Units with respect to which the Restrictions have not lapsed will terminate immediately terminate and be forfeited without notice of any kind, and this Award will be terminated and all Award Shares that have not vested at such time will be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (BeneChill, Inc.), Restricted Stock Award Agreement (BeneChill, Inc.)

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Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, DisabilityDisability or Retirement, or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under the Plan and this Agreement relating to will terminate immediately without notice of any kind, and this Award Units will be terminated and all Award Shares or Adjusted Award Shares with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kindforfeited.

Appears in 2 contracts

Samples: Performance Stock Award Agreement (Select Comfort Corp), Performance Stock Award Agreement (Select Comfort Corp)

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, Disability, Disability or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under this Agreement relating to will terminate immediately without notice of any kind, and this Award Units will be terminated and all Adjusted Award Shares with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kindforfeited.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Select Comfort Corp)

Termination for Reasons Other Than Death, Disability or Retirement. In the event the Grantee’s employment or other service with the Company and all Subsidiaries is terminated prior to the end of the Vesting Period for any reason other than death, Disability, Disability or retirement as provided above, or if the Grantee is in the employ or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Grantee continues in the employ or service of the Company or another Subsidiary), all rights of the Grantee under this Agreement relating to will terminate immediately without notice of any kind, and this Award Units will be terminated and all Award Shares with respect to which the Restrictions have not lapsed will immediately terminate and be forfeited without notice of any kindforfeited.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Select Comfort Corp)

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