Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant incurs a Termination of Service for Cause, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and Participant’s rights in any such RSUs shall lapse and expire.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (GoHealth, Inc.), Restricted Stock Unit Agreement (GoHealth, Inc.), Restricted Stock Unit Agreement (Bioventus Inc.)

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Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company Group Member on each applicable vesting date the Vesting Date, and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times on the Vesting Date as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of ServiceService prior to the Vesting Date, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event of Participant’s death or in the event Participant incurs a Disability prior to the Vesting Date, the RSUs shall become vested with respect to all Shares covered thereby on the date of such Termination of Service for Cause, except as may be otherwise provided by Service. (d) Notwithstanding the Administrator Grant Notice or as set forth in a written agreement between Participant the provisions of Section 2.2(a) and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vestedSection 2.2(b), and Participant’s rights in any such the event of a CIC Qualifying Termination, the RSUs shall lapse and expirebecome vested in full on the date of such CIC Qualifying Termination.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Advantage Solutions Inc.)

Vesting of RSUs. (a) Subject to ParticipantHolder’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant Holder incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant Holder and the Company, Participant Holder shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and ParticipantHolder’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant Holder incurs a Termination of Service for Cause, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant Holder and the Company, Participant Holder shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and ParticipantHolder’s rights in any such RSUs shall lapse and expire.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Notice (Bioventus Inc.)

Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company Group Member on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant incurs a Termination of Service for CauseCause or, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and Participant’s rights in any such RSUs shall lapse and expire.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Inspire Medical Systems, Inc.)

Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant incurs a Termination of Service for CauseCause or, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and Participant’s rights in any such RSUs shall lapse and expire.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Lemonade, Inc.)

Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company Group Member on each applicable vesting date the Vesting Date, and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times on the Vesting Date as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of ServiceService prior to the Vesting Date, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event of Participant’s death or in the event Participant incurs a Disability prior to the Vesting Date, the RSUs shall become vested with respect to all Shares covered thereby on the date of such Termination of Service for Cause, except as may be otherwise provided by Service. (d) Notwithstanding the Administrator Grant Notice or as set forth in a written agreement between Participant the provisions of Section 2.2(a) and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vestedSection 2.2(b), and in the event of the occurrence of a Change in Control prior to the Vesting Date, the RSUs shall become vested with respect to all Shares covered thereby on the date of the consummation of such Change in Control, subject to Participant’s rights continued employment with or service to a Company Group Member through such Change in any such RSUs shall lapse and expireControl.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Aziyo Biologics, Inc.)

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Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company Group Member on each applicable vesting date date, and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are accordance with the vesting schedule set forth in the Grant Notice, with each date on which RSUs vest being a “Vesting Date”. (b) In the event Participant incurs a Termination of ServiceService prior to the final Vesting Date, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all unvested RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event of Participant’s death or in the event Participant incurs a Disability prior to the final Vesting Date, the RSUs shall become vested with respect to all Shares covered thereby on the date of such Termination of Service for Cause, except as may be otherwise provided by Service. (d) Notwithstanding the Administrator Grant Notice or as set forth in a written agreement between Participant the provisions of Section 2.2(a) and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vestedSection 2.2(b), and in the event of the occurrence of a Change in Control prior to the final Vesting Date, the RSUs shall become vested with respect to all Shares covered thereby on the date of the consummation of such Change in Control, subject to Participant’s rights continued employment with or service to a Company Group Member through such Change in any such RSUs shall lapse and expireControl.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Elutia Inc.)

Vesting of RSUs. (a) Subject to Participant’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant incurs a Termination of Service for Cause, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and Participant’s rights in any such RSUs shall lapse and expire. (d) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event of Participant’s death, the RSUs shall thereupon become vested with respect to all shares covered thereby on the date of such Termination of Service.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Shift4 Payments, Inc.)

Vesting of RSUs. (a) Subject to ParticipantHolder’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. (b) In the event Participant Holder incurs a Termination of Service, except as may be otherwise provided herein or in the Plan or by the Administrator or as set forth in a written agreement between Participant Holder and the Company, Participant Holder shall immediately forfeit any and all RSUs granted under this Agreement that have not vested or do not vest on or prior to the date on which such Termination of Service occurs, and ParticipantHolder’s rights in any such RSUs that are not so vested shall lapse and expire. (c) Notwithstanding the Grant Notice or the provisions of Section 2.2(a) and Section 2.2(b), in the event Participant Holder incurs a Termination of Service for Cause, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant Holder and the Company, Participant Holder shall immediately forfeit any and all RSUs granted under this Agreement (whether or not vested), and ParticipantHolder’s rights in any such RSUs shall lapse and expire.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bioventus Inc.)

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