Termination; Forfeiture. (i) Except as provided in Section 5(d)(ii), the Participant shall forfeit to the Company, without compensation, any and all Shares of Restricted Stock that are not vested (but no vested portion of the Shares) and RS Property upon the Participant's Termination of Employment for any reason.
Termination; Forfeiture. Participant understands that in the event she is chosen Local Representative and is deemed by the Local Program to have failed to abide by all the rules and regulations of the Local Program, she shall forfeit her title of Local Representative of the Local Program and her opportunity to participate in the State Program, together with such of the scholarship funds as the Local Program determines to be appropriate. The parties to this Agreement further agree that the Local Program reserves the right, if the Local Program deems the Participant to have engaged in any behavior, taken any action, failed to act in any manner and at any time, which, in their sole discretion, is deemed unbecoming or to reflect poorly on their Program, to immediately rescind, cancel, revoke or otherwise terminate this Agreement, with such Local Representative in which event she shall forfeit her title of Local Representative of the Local Program and her opportunity to participate in the State Program, together with such of the scholarship funds as the Local Program determines to be appropriate, provided that such rejection is not based on unlawful criteria including, but not limited to, race, color, religion, national origin, physical handicaps, or disabilities. Participant further understands that the Local Program, State Program and National Program are separate legal entities and if she is chosen as Local Representative and is deemed by either the State Program or the National Program, respectively, to have engaged in any behavior, taken any action, failed to act in any manner and at any time, which, in their sole discretion, is deemed unbecoming or to reflect poorly on their Programs that she may be denied participation by them in their respective Programs.
Termination; Forfeiture. If your service as a member of the Board is terminated for any reason, then those Restricted Shares for which the restrictions have not lapsed as of the date of termination shall become null and void and those Restricted Shares shall be forfeited to the Company. The Restricted Shares for which the restrictions have lapsed as of the date of such termination shall not be forfeited to the Company.
Termination; Forfeiture. If prior to vesting, Executive terminated for cause or Executive leaves without good reason, unvested shares forfeited.
Termination; Forfeiture. Unless earlier terminated as set forth in this Grant Notice or the Agreement, any RSUs that have not become vested on or prior to the last day of the Performance Period will thereupon be automatically forfeited by Participant without payment of any consideration therefor. Except as set forth in clause (b) above, if Participant experiences a Termination of Service for any reason prior to the last day of the Performance Period, all then-unvested RSUs will thereupon be automatically forfeited by Participant without payment of any consideration therefor.
Termination; Forfeiture. (a) Except as provided in subsection (b) below, Participant’s rights under this Agreement with respect to the PSU Award shall terminate at the earlier of (i) the date on which such PSU Award is settled in Shares after the Committee’s determination, after the end of the Performance Period, of the level of achievement of the applicable Performance Goals, or (ii) the termination of Participant’s Service. Upon termination of this Agreement in accordance with clause (ii) above, Participant’s rights to the PSU Award shall, except as otherwise provided in an employment agreement between the Company and Participant, be immediately and irrevocably forfeited and Participant will retain no rights with respect to the forfeited PSU Award.
Termination; Forfeiture. Upon Termination of Employment for any reason (other than as a result of death or Disability), the Employee must exercise the vested Option (to the extent not previously exercised) within three (3) months after the date of Termination of Employment. Upon Termination of Employment due to the Employee’s death or Disability, the Employee or the Employee’s heirs, personal representative, or legal representative, as the case may be, must exercise the vested Option (to the extent not previously exercised) within twelve (12) months after the date of Termination of Employment. Except as specifically provided in this Section 2(b) of this Agreement, the Option shall terminate and shall no longer be exercisable upon Termination of Employment.
Termination; Forfeiture. Except as provided in this Section 2(c), the Participant shall forfeit, without compensation, any and all unvested Performance Stock Units upon the Participant’s Termination for any reason. Notwithstanding anything in the foregoing to the contrary, in the event of the Participant’s Termination by the Company without Cause within the one (1) year period immediately following a Change in Control, the Performance Stock Units shall become vested at a Payout Percentage of 100% and shall become payable in accordance with Section 2(d), in each case subject to and conditioned upon, (i) the Participant’s continued compliance with all confidentiality obligations and restrictive covenants to which the Participant is subject, and (ii) the Participant’s timely execution and delivery (without revocation) to the Company of a general release of all claims of any kind that the Participant has or may have against the Company and its Affiliates and their respective officers, directors, employees, shareholders, agents, representatives, and advisors (in a form satisfactory to the Company and that is delivered to the Participant no later than the date of the Participant’s Termination), within twenty-one (21) days (or such longer period as may be required by law).
Termination; Forfeiture. Except as expressly provided in this Section 2(c), the Participant shall forfeit to the Company, without compensation, any and all unvested Restricted Stock Units upon the Participant’s Termination for any reason. Notwithstanding the foregoing, if the Participant incurs a Termination due to death within the six-month period prior to the next applicable Vesting Date, any unvested portion of the Restricted Stock Units scheduled to vest on the Vesting Date immediately following the date of such Termination shall vest on such Termination, which shall be a Vesting Date.
Termination; Forfeiture. Any unvested RSUs shall be immediately and automatically forfeited upon the earliest to occur of any of the following: (i) the cessation of the Grantee's continuous status as an Eligible Person, (ii) the failure or refusal of the Grantee to timely execute any exhibit to this Award Agreement (as determined in the sole discretion of the Board), or (iii) the failure of the Grantee to satisfy any withholding obligation of the Company. The Company shall implement any forfeiture under this Section 3 in a unilateral manner, without having to obtain the Grantee's consent, and the Company shall not pay any consideration to the Grantee, cash or otherwise, for any RSUs that are forfeited pursuant to this Section 3.
