Common use of Termination of Service Clause in Contracts

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service.

Appears in 13 contracts

Samples: Restricted Stock Award Agreement (Mid-Southern Bancorp, Inc.), Restricted Stock Award Agreement (Richmond Mutual Bancorporation, Inc.), Restricted Stock Award Agreement (Mid-Southern Bancorp, Inc.)

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Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or due to the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. The Shares shall never vest in the event of a Termination for Cause. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (First Northwest Bancorp), Restricted Stock Award Agreement (First Financial Northwest, Inc.), Restricted Stock Award Agreement (First Financial Northwest, Inc.)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Southern Missouri Bancorp Inc), Restricted Stock Award Agreement (Sound Financial, Inc.), Restricted Stock Unit Award Agreement (Heritage Financial Group Inc)

Termination of Service. If In the Grantee terminates Service event a Grantee's employment with the Company and its Subsidiaries is terminated for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date for Grantee shall forfeit all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Serviceyet Vested.

Appears in 2 contracts

Samples: Restricted Stock Agreement (PSB Group Inc), Restricted Stock Agreement (PSB Group Inc)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. If the Grantee’s 's Service terminates on account of the Grantee’s 's death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service.

Appears in 1 contract

Samples: Incentive Plan Restricted Stock Award Agreement (Citizens Community Bancorp Inc.)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. The Shares never vest in the event of a Termination for Cause. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Banner Corp)

Termination of Service. If the Grantee terminates experiences a Termination of Service for any reason other than in connection with a Change in Control (as defined in the Plan) or the death or Disability disability of the Grantee, any Shares that have not vested as of the date of that termination Termination of Service shall be forfeited to the CorporationCompany. If the Grantee’s Termination of Service terminates occurs on account of the Grantee’s death or Disabilitydisability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination Termination of Service.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Banner Corp)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination Termination of Service shall be forfeited to the CorporationCompany. If the Grantee’s Termination of Service terminates occurs on account of the Grantee’s death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination Termination of Service.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Banner Corp)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. If the Grantee’s 's Service terminates on account of the Grantee’s 's death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (FS Bancorp, Inc.)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. The Shares never vest in the event of a Termination for Cause. If the Grantee’s 's Service terminates on account of the Grantee’s 's death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Banner Corp)

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Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. The Shares never vest in the event of a Termination for Cause. If the GranteeXxxxxxx’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Banner Corp)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or due to the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. The Shares shall never vest in the event of a Termination for Cause. If the Grantee’s 's Service terminates on account of the Grantee’s 's death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (First Financial Northwest, Inc.)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. If the Grantee’s 's Service terminates on account of the Grantee’s 's death or Disability, the Vesting Date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service, with the Vesting Percentage for each accelerated Vesting Date to be 75%.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Southern Missouri Bancorp, Inc.)

Termination of Service. If the Grantee terminates Service for any reason other than death or Disability or in connection with a Change in Control or the death or Disability of the GranteeControl, any Shares that have not vested as of the date of that termination shall be forfeited to the CorporationCompany. The Shares never vest in the event of a Termination for Cause. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date Period of Restriction for all Shares that have not previously vested or been forfeited shall be accelerated to end on the date of that termination of ServiceService and the Grantee shall then be vested in the Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Timberland Bancorp Inc)

Termination of Service. If the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date vesting date for all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Service, with the Tranche 2 Shares vesting at the “Target” performance level described in Exhibit A hereto.

Appears in 1 contract

Samples: 2012 Equity Incentive Plan (LegacyTexas Financial Group, Inc.)

Termination of Service. If In the event a Grantee’s employment with the Company and its Subsidiaries is terminates for any reason, the Grantee terminates Service for any reason other than in connection with a Change in Control or the death or Disability of the Grantee, any Shares that have not vested as of the date of that termination shall be forfeited to the Corporation. If the Grantee’s Service terminates on account of the Grantee’s death or Disability, the Vesting Date for forfeit all Shares that have not vested or been forfeited shall be accelerated to the date of that termination of Serviceyet vested.

Appears in 1 contract

Samples: Restricted Stock Agreement (Monarch Community Bancorp Inc)

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