Unvested SARs. Except as provided in Section 3(f), upon termination of the Participant’s employment with the Company for any reason, any portion of the SARs then held by the Participant which is not vested and exercisable as of the effective date of such termination of employment shall be immediately cancelled and forfeited without regard to any statutory or common law notice or severance to which the Participant may be entitled.
Appears in 4 contracts
Samples: Stock Appreciation Rights Agreement (MDC Partners Inc), Stock Appreciation Rights Agreement (MDC Partners Inc), Stock Appreciation Rights Agreement (MDC Partners Inc)
Unvested SARs. Except as provided in Section 3(f)4, upon termination of the Participant’s employment with the Company for any reason, any portion of the SARs then held by the Participant which is not vested and exercisable as of the effective date of such termination of employment shall be immediately cancelled and forfeited without regard to any statutory or common law notice or severance to which the Participant may be entitled.
Appears in 2 contracts
Samples: Stock Appreciation Rights Agreement (Stagwell Inc), Stock Appreciation Rights Agreement (Stagwell Inc)
Unvested SARs. Except as provided in Section 3(f)5, upon termination of the Participant’s employment with the Company for any reason, any portion of the SARs then held by the Participant which is not vested and exercisable as of the effective date of such termination of employment shall be immediately cancelled and forfeited without regard to any statutory or common law notice or severance to which the Participant may be entitled.
Appears in 1 contract
