Common use of Termination of Service Relationship Clause in Contracts

Termination of Service Relationship. If the Grantee’s service as a Non-Employee Director of the Company or continued service as a consultant, director or employee (the “Service Relationship”) of the Company or any Subsidiary with which the Grantee has a Service Relationship (the “Service Recipient”) terminates for any reason prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of the Grantee’s successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted Stock Units. The Company’s determination of the reason for termination of the Grantee’s Service Relationship shall be conclusive and binding on the Grantee and the Grantee’s representatives or legatees. ​

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Blueprint Medicines Corp), Restricted Stock Unit Award Agreement (Blueprint Medicines Corp)

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Termination of Service Relationship. If the Grantee’s employment or service relationship as a Non-Employee Director of the Company consultant or continued service director, as a consultant, director or employee applicable (the “Service Relationship”) of with the Company or any or, if different, the Subsidiary with which the Grantee has a Service Relationship (the “Service Recipient”) terminates for any reason prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of the Grantee’s his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted Stock Units. The Company’s determination of the reason for termination of the Grantee’s Service Relationship shall be conclusive and binding on the Grantee and the Grantee’s representatives or legatees. ​

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Blueprint Medicines Corp), Restricted Stock Unit Award Agreement (Blueprint Medicines Corp)

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