Common use of Termination of Service for Other Reasons Clause in Contracts

Termination of Service for Other Reasons. If the Grantee’s service as a member of the Board of Directors of the Company is terminated by the Company or the Grantee under circumstances other than those outlined above in Sections 2.2, 2.3 or 2.4, the unvested RSUs shall immediately be forfeited as of the Date of Termination.

Appears in 6 contracts

Samples: Agreement (United Community Banks Inc), Agreement (Priority Technology Holdings, Inc.), Agreement (Priority Technology Holdings, Inc.)

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Termination of Service for Other Reasons. If the Grantee’s service as a member of the Board of Directors of the Company is terminated by the Company or the Grantee under circumstances prior to the Vesting Date for any reason other than those outlined above as set forth in Sections 2.2, 2.3 Section 2.2 or 2.4the Grantee’s RSUs do not vest pursuant to Section 2.3, the unvested RSUs shall immediately be forfeited as of the Date Grantee’s date of Terminationtermination.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (United Community Banks Inc)

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Termination of Service for Other Reasons. If the Grantee’s service as a member of the Board of Directors of the Company is terminated by the Company or the Grantee under ~#4836-6584-3053 v.1~ circumstances other than those outlined above in Sections 2.2, 2.3 or 2.4, the unvested RSUs shall immediately be forfeited as of the Date of Termination.

Appears in 1 contract

Samples: Agreement (United Community Banks Inc)

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