Termination of Unvested Stock Units. On the Participant’s Severance Date, all unvested Stock Units under this Agreement shall be cancelled and this Award Agreement shall be terminated. No amounts shall be payable with respect to any such cancelled unvested Stock Units. “Severance Date” means the date on which the Participant is no longer either: (1) employed by the Corporation or any of its Subsidiaries, or (2) a member of the Board, regardless of the reason for such termination of employment or service, whether with or without cause, and whether voluntarily or involuntarily.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Uap Holding Corp), Restricted Stock Unit Award Agreement (Uap Holding Corp), Restricted Stock Unit Award Agreement (Uap Holding Corp)
