Common use of Vesting of Stock Units Clause in Contracts

Vesting of Stock Units. If the Executive terminates employment with the Company for any reason prior to any vesting date, all unvested Stock Units are immediately forfeited and cancelled. Notwithstanding the foregoing, all unvested Stock Units shall vest and be paid by the Company to the Executive upon the occurrence of a Change of Control (as defined in Section 7.2 below).

Vesting of Stock Units. If the Executive terminates employment with the Company voluntarily or because of death, Disability, retirement or for any reason Cause (as defined in Section 5) prior to any vesting date, all unvested Stock Units are immediately forfeited and cancelled. Notwithstanding the foregoing, all unvested Stock Units shall vest and be paid by the Company to the Executive upon the occurrence of a Change of Control (as defined in Section 7.2 7.2(a) below) or a termination by the Company without Cause (as stated in Section 6.4).

Vesting of Stock Units. If the Executive terminates employment with the Company voluntarily or because of death, Disability, retirement or for any reason Cause (as defined in Section 5) prior to any vesting date, all unvested Stock Units are immediately forfeited and cancelled. Notwithstanding the foregoing, all unvested Stock Units shall vest and be paid by the Company to the Executive upon the occurrence of a Change of Control (as defined in Section 7.2 6.2 below) or a termination by the Company without Cause (as stated in Section 5.4).