Common use of Termination of Restricted Units Clause in Contracts

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if the Grantee ceases to be employed by, or provide services to, the Company, an Affiliate, or a Subsidiary for any reason before all of the Restricted Units vest, any unvested Restricted Units shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or service. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4.

Termination of Restricted Units. (a) Except as otherwise provided in an Employment Agreement, if the Grantee ceases to be employed by, or provide services to, the Company, an Affiliate, or a Subsidiary for any reason before all of the Restricted Units vest, any unvested Restricted Units shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or service. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4.

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if (a) If the Grantee ceases to be employed by, or provide services service to, the Company, an Affiliate, or a Subsidiary Company for any reason before the restrictions on all of the Restricted Units vestlapse, any unvested Restricted Units for which the restrictions have not lapsed according to the vesting schedule above shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or service. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4.

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if If the Grantee ceases to be employed by, or provide services service to, the Company, an Affiliate, or a Subsidiary Company for any reason before the restrictions on all of the Restricted Units vestlapse, any unvested Restricted Units for which the restrictions have not lapsed according to the vesting schedule above shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or service. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4.

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if If the Grantee ceases to be employed by, or provide services service to, the Company, an Affiliate, or a Subsidiary Company for any reason before the restrictions on all of the Restricted Units vestlapse, any unvested Restricted Units for which the restrictions have not lapsed according to the vesting schedule above shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or serviceservice unless otherwise determined by the Board of Directors of POZEN or the Committee at the time of termination of Grantee’s service to the Company. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4.

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if If the Grantee ceases to be employed by, or provide services providing service to, the Company, an Affiliate, or a Subsidiary Company for any reason before the restrictions on all of the Restricted Units vestlapse, any unvested Restricted Units for which the restrictions have not lapsed according to the vesting schedule above shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or serviceterminates. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph 4Section 5.

Termination of Restricted Units. Except as otherwise provided in an Employment Agreement, if If the Grantee ceases to be employed by, or provide services to, Grantee’s employment with the Company, an Affiliate, or a Subsidiary Company terminates for any reason reason, other than as described in subparagraph 3(b) above, before all of the Restricted Units vest, any unvested Restricted Units shall automatically terminate and shall be forfeited as of the date of the Grantee’s termination of employment or serviceemployment. No payment shall be made with respect to any unvested Restricted Units that terminate as described in this Paragraph Section 4.