Termination of Employment; Forfeiture. Upon the termination of Participant’s continuous employment with the Company or its Subsidiaries for any reason, any Restricted Stock Units that have not vested or that are not entitled to continued vesting in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, Participant shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.
Appears in 6 contracts
Samples: Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.)
Termination of Employment; Forfeiture. Upon the termination of Participant’s continuous employment with the Company or its Subsidiaries for any reason, any Restricted Stock Units that do not or have not vested or that are not entitled to continued vesting in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, Participant shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.)
Termination of Employment; Forfeiture. Upon the termination of Participant’s continuous employment with the Company or its Subsidiaries for any reason, any Restricted Performance-Vested Stock Units that have not vested or that are not entitled to continued vesting in accordance with Paragraph 3 and the Notice of Restricted Performance-Vested Stock Unit Award shall immediately be forfeited. Upon forfeiture, Participant shall have no further rights with respect to such Restricted Performance-Vested Stock Units and related Dividend Equivalent Amounts.
Appears in 1 contract
Samples: Performance Vested Stock Unit Agreement (SYNERGY RESOURCES Corp)
