Common use of Termination of Employment By Company For Cause or By Participant Without Good Reason Clause in Contracts

Termination of Employment By Company For Cause or By Participant Without Good Reason. Upon the termination of Participant’s employment by Company for Cause or by Participant without Good Reason, any Restricted Shares that remain subject to the Forfeiture Restrictions at the time of termination of employment shall be immediately forfeited and cancelled.

Appears in 2 contracts

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

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Termination of Employment By Company For Cause or By Participant Without Good Reason. Upon the termination of Participant’s employment by Company for Cause or by Participant without Good Reason, any Restricted Shares that remain subject to the Forfeiture Restrictions at the time of termination of employment shall be immediately forfeited and cancelled.. [Alternative Section 3(a)(ii) for Jxxxxxx X. Xxxxx]

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (AutoWeb, Inc.), Restricted Stock Award Agreement (Autobytel Inc)

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