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 for any reason other than death, Disability or Retirement, or 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 will terminate immediately without notice of any kind, and this Award will be terminated and all Award Shares or Adjusted Award Shares with respect to which the Restrictions have not lapsed will be forfeited.
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 for any reason other than death, Disability or Retirementretirement as provided above, or 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 will terminate immediately without notice of any kind, and this Award will be terminated and all Award Shares or Adjusted Award Shares with respect to which the Restrictions have not lapsed will be forfeited.
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 for any reason other than death, Disability or Retirementretirement as provided above, or 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 will terminate immediately without notice of any kind, and this Award will be terminated and all Award Shares or Adjusted Award Shares with respect to which the Restrictions have not lapsed will be forfeited.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Select Comfort Corp)