Common use of Termination of Services; Forfeiture Clause in Contracts

Termination of Services; Forfeiture. Notwithstanding any other provision of this Agreement: (a) Termination for Any Reason (Other than Death, Disability, or Retirement). Any unvested shares of Restricted Stock subject to this Award shall be immediately canceled and forfeited if the Participant’s services with the Company or a Subsidiary are terminated for any reason (other than for death, Disability or Retirement as described below).

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Mackinac Financial Corp /Mi/), Restricted Stock Award Agreement (Mackinac Financial Corp /Mi/)

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Termination of Services; Forfeiture. Notwithstanding any other provision of this Agreement: (a) Termination for Any Reason (Other than Death, Disability, or Retirement)Reason. Any unvested shares of Restricted Stock subject to this Award shall be immediately canceled and forfeited if the Participant’s services continued service with the Company Corporation or its Subsidiaries is terminated by the Corporation for Cause, by you without Good Reason or as a Subsidiary are terminated for any reason (result of your death or permanent disability or other than for death, Disability physical or Retirement as described below)mental incapacity.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (GENTHERM Inc)

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Termination of Services; Forfeiture. Notwithstanding any other provision of this Agreement: (a) Section 1. Termination for Any Reason (Other than Death, Disability, or Retirement). Any unvested shares of Restricted Stock subject to this Award shall be immediately canceled and forfeited if the Participant’s services with the Company or a Subsidiary are terminated for any reason (other than for death, Disability or Retirement as described below).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Mackinac Financial Corp /Mi/)

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