Common use of Termination of Service Generally Clause in Contracts

Termination of Service Generally. If the Grantee’s Service is terminated for any reason, the unvested portion of the Stock Units (determined after taking into account any accelerated vesting pursuant to this Section 4, if any) shall be forfeited by the Grantee and cancelled by the Company as of the date of the Grantee’s termination of Service, and the Grantee shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 10 contracts

Samples: Stock Unit Grant Agreement (Orthofix Medical Inc.), Stock Unit Grant Agreement (Orthofix Medical Inc.), Stock Unit Grant Agreement (Orthofix Medical Inc.)

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