Termination of Status as an Employee or Consultant. Unless otherwise specified in your employment agreement with the Company, if any, if you cease to serve as an Employee or Consultant for any reason, other than your death, the vesting of your Shares shall immediately cease on the effective date of termination of your status as an Employee or Consultant and all unvested Shares subject to this Award shall be forfeited by you and cancelled and surrendered to the Company without payment of any consideration.
Appears in 3 contracts
Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc)
Termination of Status as an Employee or Consultant. Unless otherwise specified in your employment agreement with the Company, if any, if If you cease to serve as an Employee or Consultant (as those terms are defined in the Plan) for any reason, reason other than your death, the vesting of your Shares shares shall immediately cease on the effective date of termination of your status as an Employee or Consultant and all unvested Shares subject to this Award shall be forfeited by you and cancelled and surrendered to the Company without payment of any considerationConsultant.
Appears in 1 contract
Samples: Nonstatutory Incentive Stock Award Agreement (Cadence Design Systems Inc)
Termination of Status as an Employee or Consultant. Unless otherwise specified in your employment agreement with the Company, if any, if If you cease to serve as an Employee or Consultant for any reason, other than your death, the vesting of your Shares shall immediately cease on the effective date of termination of your status as an Employee or Consultant and all unvested Shares subject to this Award shall be forfeited by you and cancelled and surrendered to the Company without payment of any consideration.
Appears in 1 contract
Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc)
