Termination of Service; Forfeiture Sample Clauses

Termination of Service; Forfeiture. Notwithstanding any other provision of this Agreement:
AutoNDA by SimpleDocs
Termination of Service; Forfeiture. Upon the termination of your service on the Board for any reason, any Restricted Stock Units that do not or have not vested in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, you shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.
Termination of Service; Forfeiture. Any unvested Restricted Stock Units subject to this Award will be canceled and forfeited if Grantee terminates as a Service Provider, or if Grantee’s status as a Service Provider is terminated by the Company, for any reason before the Vesting Date; provided, however, if Grantee ceases to be a Service Provider prior to the Vesting Date as a result of Grantee’s death, Disability or Retirement, Grantee shall fully vest in the Restricted Stock Units subject to this Award as of the date on which Grantee ceases to be a Service Provider due to Grantee’s death, Disability or Retirement.
Termination of Service; Forfeiture. (a) Upon termination of the Grantee's service as a Nonemployee Director with the Company as a result of the death of the Grantee, the restrictions on all shares of Restricted Stock shall immediately lapse and such shares shall vest in the Grantee or, as applicable, the Grantee's legal representative, beneficiary or heir. (b) Upon termination of the Grantee's service as a Nonemployee Director of the Company without the consent of a majority of the other members of the Board of Directors for any reason other than death, all shares of Restricted Stock as to which the restrictions thereon have not previously lapsed shall be immediately forfeited to the Company.
Termination of Service; Forfeiture. Upon the termination of the Participant’s Service for any reason at any time or if the Participant breaches a Restrictive Covenant, any and all of the unvested Restricted Stock Units shall be forfeited without consideration therefor. Notwithstanding anything herein to the contrary, in the event that: (a) the Participant’s Service is terminated for Cause; (b) the Participant resigns at a time when the Participant’s acts or omissions constitute grounds to terminate the Participant’s Service for Cause without regard to any applicable cure rights or notice periods; or (c) the Participant breaches a Restrictive Covenant, the vested Restricted Stock Units also shall be forfeited without consideration therefor.
Termination of Service; Forfeiture a. In the event that the Participant’s Service is terminated (A) by the Company without Cause or by the Participant with Good Reason or (B) due to death or Permanent Disability, the portion of the Restricted Stock Units that would otherwise have vested between the date of termination and the twelve month anniversary of the date of termination will accelerate and fully vest on the date of termination. b. Subject to Section 4(a), upon the termination of the Participant’s Service for any reason at any time or if the Participant breaches any provision of Section 6 hereof (any such provision, a “Restrictive Covenant”), any and all of the unvested Restricted Stock Units shall be forfeited without consideration therefor. Notwithstanding anything herein to the contrary, in the event that the Participant’s Service is terminated for Cause, or the Participant resigns at a time when the Participant’s acts or omissions constitute grounds to terminate the Participant’s Service for Cause without regard to any applicable cure rights or notice periods, or the Participant breaches a Restrictive Covenant, the vested Restricted Stock Units also shall be forfeited without consideration therefor and, if such termination occurs prior to an IPO, any Shares received pursuant to Section 3 shall be forfeited.
Termination of Service; Forfeiture a. The Restricted Stock Units, to the extent not then vested or forfeited, shall accelerate and become fully vested if the Participant’s Service is terminated due to her death. b. Subject to Section 4(a), upon the termination of the Participant’s Service for any reason at any time or if the Participant breaches any provision of Section 6 hereof (any such provision, a “Restrictive Covenant”), any and all of the unvested Restricted Stock Units shall be forfeited without consideration therefor. Notwithstanding anything herein to the contrary, in the event that the Participant’s Service is terminated for Cause, or the Participant resigns at a time when the Participant’s acts or omissions constitute grounds to terminate the Participant’s Service for Cause without regard to any applicable cure rights or notice periods, or the Participant breaches a Restrictive Covenant, the vested Restricted Stock Units also shall be forfeited without consideration therefor and, if such termination occurs prior to an IPO, any Shares received pursuant to Section 3 shall be forfeited.
AutoNDA by SimpleDocs
Termination of Service; Forfeiture. Except as provided otherwise in this Agreement or the Plan, upon the termination of Grantee’s Service, any shares of Restricted Stock held by Grantee that have not vested in accordance with Paragraph 3 shall immediately be forfeited. Upon forfeiture of the shares of Restricted Stock, Grantee shall have no further rights with respect to such shares, including but not limited to any right to vote the shares or any right to receive dividends.
Termination of Service; Forfeiture. Subject to the Committee’s discretion to accelerate vesting hereunder, all unvested RSUs that are not vested or that do not become vested upon the Participant’s Termination of Service (whether pursuant to the terms hereof or any severance plan or other plan, agreement or arrangement that applies to the Participant) shall be immediately forfeited upon the Participant’s Termination of Service.
Termination of Service; Forfeiture. Except as otherwise set forth in Exhibit A, upon the termination of the Participant’s Service for any reason at any time or if the Participant breaches a Restrictive Covenant, any and all of the unvested PSUs shall be forfeited without consideration therefor. Notwithstanding anything herein to the contrary, in the event that (a) the Participant’s Service is terminated for Cause; (b) the Participant resigns at a time when the Participant’s acts or omissions constitute grounds to terminate the Participant’s Service for Cause without regard to any applicable cure rights or notice periods; or (c) the Participant breaches a Restrictive Covenant, the vested PSUs also shall be forfeited without consideration therefor.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!