Common use of Termination of Employment for Cause Clause in Contracts

Termination of Employment for Cause. In the event the Participant’s employment with the Company and its Subsidiaries is terminated for Cause all of the Participant’s Share Units that are unvested as of the date of such termination shall be forfeited as of such date.

Appears in 8 contracts

Samples: Share Unit Award Agreement (Xenia Hotels & Resorts, Inc.), Share Unit Award Agreement (Xenia Hotels & Resorts, Inc.), Share Unit Award Agreement (Inland American Real Estate Trust, Inc.)

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Termination of Employment for Cause. In the event If the Participant’s employment with Employment is terminated by the Company and or any of its Subsidiaries is terminated for Cause all of Cause, then the Participant’s Share Units that are unvested rights to receive any Target Shares shall be forfeited in its entirety as of the date of such termination shall be forfeited as of such dateEmployment.

Appears in 4 contracts

Samples: Performance Award Agreement (Centerpoint Energy Inc), Performance Award Agreement (Centerpoint Energy Inc), Qualified Performance Award Agreement (Centerpoint Energy Inc)

Termination of Employment for Cause. In the event the Participant’s employment with the Company and its Subsidiaries is terminated for Cause Cause, all of the Participant’s Share Units that are unvested as of the date of such termination shall be forfeited as of such date.

Appears in 2 contracts

Samples: Executive Employment Agreement (InvenTrust Properties Corp.), Share Unit Award Agreement (InvenTrust Properties Corp.)

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Termination of Employment for Cause. In the event of the termination of the Participant’s employment with by the Service Recipient for Cause, the Participant shall automatically forfeit to the Company and its Subsidiaries is terminated for Cause all of the Participant’s Share Units that are unvested as of any Units, whether vested or unvested, immediately upon the date of such termination shall be forfeited as of such dateTermination.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Terran Orbital Corp)

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