Termination of Service Prior to the Vesting Date. Except as otherwise provided in this Section 3, if, prior to the applicable Vesting Date for one or more installments of the RSUs, the Participant experiences a Termination of Service, whether initiated by either party and for any reason, all rights of the Participant to the RSUs that have not vested prior to the date of Termination of Service shall terminate immediately and be forfeited in their entirety without compensation to the Participant, and the forfeited RSUs shall be canceled.
Appears in 4 contracts
Samples: Time Vested Restricted Stock Unit Agreement (Ati Inc), Time Vested Restricted Stock Unit Agreement (Allegheny Technologies Inc), Time Vested Restricted Stock Unit Agreement (Allegheny Technologies Inc)
Termination of Service Prior to the Vesting Date. Except as otherwise provided in this Section 3, if, prior to the applicable Vesting Date for one or more installments of the RSUs, the Participant experiences a Termination of employment with the Company (a “Termination of Service”), whether initiated by either party and for any reason, all rights of the Participant to the RSUs that have not vested prior to the date of Termination of Service shall terminate immediately and be forfeited in their entirety without compensation to the Participant, and the forfeited RSUs shall be canceledcanceled without further action required by the Company or otherwise.
Appears in 1 contract
Samples: Time Vested Restricted Stock Unit Agreement (Ati Inc)
