Common use of Vesting Termination of Employment Forfeiture Clause in Contracts

Vesting Termination of Employment Forfeiture. Except as set forth below, the Grantee will vest and become entitled to any Performance Share Units earned in accordance with this Agreement and Appendix A hereto only if the Grantee remains in the continuous employment of the Company and its Affiliates from the Effective Date through the date such earned Performance Share Units are paid in accordance with Section 3 (the “Vest Date”).

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (Qep Resources, Inc.), Performance Share Unit Award Agreement (Qep Resources, Inc.), Performance Share Unit Award Agreement (Qep Resources, Inc.)

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Vesting Termination of Employment Forfeiture. Except as set forth below, the Grantee will vest and become entitled to any Performance Share Units earned in accordance with this Agreement and Appendix A hereto only if the (i) Grantee remains in the continuous employment of the Company and its Affiliates from the Effective Date through the date such earned last day of the Performance Share Units are paid in accordance with Section 3 Period and (ii) the Compensation Committee (the “Vest DateCommittee)) certifies the award calculation and payout.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Qep Resources, Inc.)

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Vesting Termination of Employment Forfeiture. Except as set forth below, the Grantee will vest and become entitled to any Performance Share Units earned in accordance with this Agreement and Appendix A hereto only if the Grantee remains in the continuous employment of the Company and its Affiliates from the Effective Date through the date such earned Performance Share Units are paid in accordance with Section 3 (the "Vest Date").

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Qep Resources, Inc.)

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