Common use of Termination of Employment by Company Without Cause Clause in Contracts

Termination of Employment by Company Without Cause. In the event of Employee’s Termination of Employment by the Company without Cause, the then-outstanding Restricted Shares not vested at the date of such Termination of Employment will become fully vested on the date on which the Release Agreement becomes effective in accordance with its terms; provided, however, that if the Release Agreement is not executed by Employee or is revoked prior to becoming effective, the portion of the then-outstanding Restricted Shares not vested on the date of such Termination of Employment will be forfeited.