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

Termination of Employment By Company Without Cause or By Participant With Good Reason. In the event Participant’s employment with Company is terminated by Company without Cause or by Participant for Good Reason, the Forfeiture Restrictions on the Restricted Shares that have not lapsed prior to such termination of employment shall lapse. For purposes of this Agreement, the terms “Cause” and “Good Reason” shall have the meanings ascribed to them in the Severance Benefits Agreement by and between Company and Participant and referenced on the signature page to this Agreement, as such agreement may be amended from time to time (“Severance Benefits Agreement”).

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (AutoWeb, Inc.), 2018 Equity Incentive Plan Restricted Stock Award Agreement (AutoWeb, Inc.), 2018 Equity Incentive Plan Restricted Stock Award Agreement (AutoWeb, Inc.)

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