Vesting of Units; Forfeiture. 4.1. The Incentive Units issued to Executive pursuant to this Agreement shall be fully vested on the Grant Date; provided, however, that in the event of (i) termination of Executive for Cause, or (ii) Executive’s resignation without Good Reason, in each case, 100% of the Incentive Units (whether held by Executive or his or her Permitted Transferees) shall be immediately forfeited without consideration or the need for any further action by any Person.
Appears in 3 contracts
Samples: Incentive Unit Grant Agreement, Incentive Unit Grant Agreement (21st Century Oncology Holdings, Inc.), Incentive Unit Grant Agreement (21st Century Oncology Holdings, Inc.)
Vesting of Units; Forfeiture. 4.1. The Incentive Units issued to Executive pursuant to this Agreement shall be fully vested on the Grant Date; provided, however, that in the event of (i) termination of Executive for Cause, or (ii) Executive’s resignation without Good Reason, in each case, 100% of the Incentive Units (whether held by Executive or his or her Permitted Transferees) shall be immediately forfeited without consideration or the need for any further action by any PersonPerson in the event of the termination of Executive’s employment for any or no reason.
Appears in 1 contract
Samples: Incentive Unit Grant Agreement (21st Century Oncology Holdings, Inc.)
