Common use of Vesting of Restricted Stock Units; Forfeiture Clause in Contracts

Vesting of Restricted Stock Units; Forfeiture. The Employee shall have no vested right in the Restricted Stock Units unless the Employee is employed by the Company as of the applicable Vesting Date set forth in Section 2 above. If, prior to any Vesting Date, the Employee voluntarily leaves employment with the Company other than for Good Reason or is terminated by the Company for Cause, the Employee shall forfeit the entirety of the Restricted Stock Units otherwise issuable hereunder

Appears in 4 contracts

Samples: 2019 Lti Time Based Restricted Stock Unit Award (Pfsweb Inc), Lti Time Based Restricted Stock Unit Award (Pfsweb Inc), Restricted Stock Unit Award (Pfsweb Inc)

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Vesting of Restricted Stock Units; Forfeiture. The Employee shall have no vested right in the Restricted Stock Units unless the Employee is employed by the Company as of the applicable Vesting Date set forth in Section 2 above. If, prior to any Vesting Date, the Employee voluntarily leaves employment with the Company other than for Good Reason or is terminated by the Company for Cause, the Employee shall forfeit the entirety of the Restricted Stock Units otherwise issuable hereunderhereunder 4.

Appears in 1 contract

Samples: Lti Time Based Restricted Stock Unit Award (Pfsweb Inc)

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Vesting of Restricted Stock Units; Forfeiture. The Employee shall have no vested right in the Restricted Stock Units unless the Employee is employed by the Company as of the applicable Vesting Date set forth in Section 2 above. If, prior to any Vesting Date, the Employee voluntarily leaves employment with the Company other than for Good Reason or is terminated by the Company for Cause, the Employee shall forfeit the entirety of the Restricted Stock Units otherwise issuable hereunderhereunder 7416312.4

Appears in 1 contract

Samples: Restricted Stock Unit Award (Pfsweb Inc)

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