Common use of Termination of Employment or Service for Any Reason Clause in Contracts

Termination of Employment or Service for Any Reason. Notwithstanding the vesting schedule set forth in Section 4(a), upon the Recipient’s termination of employment or other service relationship with the Company and its Affiliates for any reason during the applicable Period of Restriction, all non-vested shares of Restricted Stock then subject to Forfeiture Restrictions under this Agreement shall be immediately forfeited to the Company by the Recipient and the Recipient shall cease to have any rights of a stockholder with respect to such forfeited shares. Upon any such forfeiture, all rights of the Recipient to such forfeited shares of Restricted Stock shall cease and terminate, without any further obligation on the part of the Company.

Termination of Employment or Service for Any Reason. Notwithstanding the vesting schedule set forth in Section 4(a), upon the RecipientParticipant’s termination of employment or other service relationship with the Company and its Affiliates for any reason during the applicable Period of Restriction, all non-vested shares of Restricted Stock Shares then subject to Forfeiture Restrictions under this Agreement shall be immediately forfeited to the Company by the Recipient Participant and the Recipient Participant shall cease to have any rights of a stockholder with respect to such forfeited shares. Upon any such forfeiture, all rights of the Recipient Participant to such forfeited shares of Restricted Stock Shares shall cease and terminate, without any further obligation on the part of the Company.

Termination of Employment or Service for Any Reason. Notwithstanding the vesting schedule set forth in Section 4(a), upon the Recipient’s Participant's termination of employment or other service relationship with the Company and its Affiliates for any reason during the applicable Period of Restriction, all non-vested shares of Restricted Stock Shares then subject to Forfeiture Restrictions under this Agreement shall be immediately forfeited to the Company by the Recipient Participant and the Recipient Participant shall cease to have any rights of a stockholder with respect to such forfeited shares. Upon any such forfeiture, all rights of the Recipient Participant to such forfeited shares of Restricted Stock Shares shall cease and terminate, without any further obligation on the part of the Company.