Common use of Vesting; Forfeiture Clause in Contracts

Vesting; Forfeiture. Notwithstanding anything in this agreement to the contrary, the Participant shall forfeit the Restricted Units and all of the Participants rights hereunder shall cease (unless otherwise provided for by the Committee in accordance with the Plan) in the event that either: (a) the Restricted Period expires prior to the Vesting Date or (b) the Participant is removed as director of the Corporation for cause.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (L3 Technologies, Inc.), Restricted Stock Unit Agreement (L3 Technologies, Inc.), Restricted Stock Unit Agreement (L3 Technologies, Inc.)

AutoNDA by SimpleDocs

Vesting; Forfeiture. Notwithstanding anything in this agreement Agreement to the contrary, the Participant shall forfeit the Restricted Units and all of the Participants Participant’s rights hereunder shall cease (unless otherwise provided for by the Committee in accordance with the Plan) in the event that either: (a) the Restricted Period expires prior to the Vesting Date or (b) the Participant is removed as a director of the Corporation for cause.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Engility Holdings, Inc.)

Vesting; Forfeiture. Notwithstanding anything in this agreement to the contrary, the Participant shall forfeit the Restricted Units and all of the Participants Participant’s rights hereunder shall cease (unless otherwise provided for by the Committee in accordance with the Plan) in the event that either: (a) the Restricted Period expires prior to the Vesting Date or (b) the Participant is removed as a director of the Corporation for cause.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Engility Holdings, Inc.)

AutoNDA by SimpleDocs

Vesting; Forfeiture. Notwithstanding anything in this agreement to the contrary, the Participant shall forfeit the Restricted Deferred Units and all of the Participants rights hereunder shall cease (unless otherwise provided for by the Committee in accordance with the Plan) in the event that either: (a) the Restricted Period expires prior to the Vesting Date or (b) the Participant is removed as director of the Corporation for cause.

Appears in 1 contract

Samples: Deferred Stock Unit Agreement (L3 Technologies, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!