Vesting and Forfeiture of Restricted Units. (a) The Restricted Units shall vest in full on the third anniversary of the Grant Date. (b) The Restricted Units shall vest in full, irrespective of the limitations set forth in subsection (a) above, upon termination of the Participant’s service as a non-employee director of the Corporation.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp), Restricted Stock Unit Award Agreement (Marathon Oil Corp), Restricted Stock Unit Award Agreement (Marathon Oil Corp)
Vesting and Forfeiture of Restricted Units. (a) The Restricted Units shall vest in full on the third anniversary of the Grant Date.
(b) The ; provided, however, that the Participant must be in continuous Employment from the Grant Date through the vesting date in order for the Restricted Units shall to vest in full, irrespective on such date. If the Employment of the limitations set forth Participant is terminated for any reason, except as provided in subsection (a) abovethis Section 2 of this Award Agreement, upon any Restricted Units that have not vested as of the date of such termination of the Participant’s service as a non-employee director of the CorporationEmployment shall be forfeited.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp), Restricted Stock Unit Award Agreement (Marathon Oil Corp)
Vesting and Forfeiture of Restricted Units. (a) The Restricted Units shall vest in full on the third first anniversary of the Grant Date.
(b) The Restricted Units shall vest in full, irrespective of the limitations set forth in subsection (a) above, upon termination of the Participant’s service as a non-employee director of the Corporation.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp)
