Voluntary Termination and Termination of Employment for Cause. In the event of Participant’s voluntary termination or termination for cause or Detrimental Conduct: (i) all unearned and/or unvested Awards shall cease to be earnable, shall cease to vest and shall be forfeited; and (ii) all vested Options that have not then been exercised shall expire, and all Earned Shares that have not then vested and been delivered to such Participant shall be forfeited, upon the date of Participant’s termination of employment with the Company.
Appears in 3 contracts
Samples: Term Incentive Plan Award Agreement (Graftech International LTD), Term Incentive Plan Award Agreement (Graftech International LTD), Form Of (Graftech International LTD)
Voluntary Termination and Termination of Employment for Cause. In the event of Participant’s voluntary termination or termination for cause or Detrimental Conduct: (i) all unearned and/or unvested Awards shall cease to be earnable, shall cease to vest and shall be forfeited; and (ii) all vested Options that have not then been exercised shall expire, and all Earned Shares that have not then vested and been delivered to such Participant shall be forfeited, upon the date of Participant’s termination of employment with the Company.
Appears in 3 contracts
Samples: Long Term Incentive Plan Award Agreement (Graftech International LTD), Equity Incentive Plan Award Agreement (Graftech International LTD), Long Term Incentive Plan Award Agreement (Graftech International LTD)
