Common use of Termination of Employment or Services Clause in Contracts

Termination of Employment or Services. If the Participant’s employment with, or engagement to provide services to, the Company or any of its Affiliates terminates for any reason prior to the Vesting Date, all PSUs shall be canceled immediately and the Participant shall not be entitled to receive any payments with respect thereof.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Driven Brands Holdings Inc.)

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Termination of Employment or Services. If the Participant’s employment with, or engagement to provide services to, the Company or any of and its Affiliates terminates for any reason prior to the Vesting Datereason, all unvested PSUs shall be canceled immediately and the Participant shall not be entitled to receive any payments with respect thereofthereto.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Latham Group, Inc.)

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Termination of Employment or Services. If the Participant’s employment with, membership on the board of directors of, or engagement to provide services to, to the Company or any of its Affiliates terminates for any reason prior to the last day of the Performance Period (the “Vesting Date”), all PSUs shall be canceled immediately and the Participant shall not be entitled to receive any payments with respect thereofthereto.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Driven Brands Holdings Inc.)

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