Common use of Termination of Employment by Participant Clause in Contracts

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.

Appears in 16 contracts

Samples: Restricted Stock Agreement (Owens & Minor Inc/Va/), Performance Share Award Agreement (Owens & Minor Inc/Va/), Performance Share Award Agreement (Owens & Minor Inc/Va/)

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Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the applicable Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock with respect to which all restrictions have not lapsed previously shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Owens & Minor Inc/Va/), Restricted Stock Agreement (Owens & Minor Inc/Va/), Restricted Stock Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the applicable Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock Units with respect to which all restrictions have not lapsed previously shall be forfeited immediately and all rights of Participant to the shares of Common Stock covered by such shares Restricted Stock Units shall terminate immediately without further obligation on the part of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/), Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.rights

Appears in 2 contracts

Samples: Performance Share Award Agreement (Owens & Minor Inc/Va/), Restricted Stock Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement Retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.

Appears in 2 contracts

Samples: 2020 Performance Share Award Agreement (Owens & Minor Inc/Va/), 2019 Performance Share Award Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock Units shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the applicable Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (iii), (iiiii) and (iiiiv) above), all of the shares of Restricted Stock with respect to which all restrictions have not lapsed previously shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Owens & Minor Inc/Va/)

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Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.. (vi)

Appears in 1 contract

Samples: Performance Share Award Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the applicable Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (iii), (iiiii) and (iiiiv) above), all of the shares of Restricted Stock RSUs with respect to which all restrictions have not lapsed previously shall be forfeited immediately and all rights of Participant to the shares of Common Stock covered by such shares RSUs shall terminate immediately without further obligation on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than due to death, disability disability, retirement or retirement for “Good Reason” as provided in subsections (i), (ii), (iii) and (iiiv) above), all of the shares of Restricted Stock shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.. (vii)

Appears in 1 contract

Samples: Restricted Stock Agreement This Agreement (Owens & Minor Inc/Va/)

Termination of Employment by Participant. If Participant resigns from employment with the Company and its Affiliates before the expiration of the Restricted Period, without regard to the reason for such resignation (other than death, disability or retirement as provided in subsections (i), (ii) and (iii) above), all of the shares of Restricted Stock Units shall be forfeited immediately and all rights of Participant to such shares shall terminate immediately without further obligation on the part of the Company.. (vi)

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Owens & Minor Inc/Va/)

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