Common use of Voluntary Termination with Competitive Activity Clause in Contracts

Voluntary Termination with Competitive Activity. In the event of your voluntary Termination with Competitive Activity, (i) all Discount Units shall be forfeited and canceled, (ii) if such Termination occurs prior to , 200 , all Principal Units shall be forfeited and canceled and (iii) if such Termination occurs on or subsequent to , 200 , you shall be entitled to receive freely transferable shares of Common Stock for of the Principal Units ( % of the total award).

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Lehman Brothers Holdings Inc), Restricted Stock Unit Award Agreement (Lehman Brothers Holdings Inc), Restricted Stock Unit Award Agreement (Lehman Brothers Holdings Inc)

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Voluntary Termination with Competitive Activity. In the event of your voluntary Termination with Competitive Activity, (i) all Discount Units shall be forfeited and canceled, (ii) if such Termination occurs prior to _________, 200 200__, all Principal Units shall be forfeited and canceled and (iii) if such Termination occurs on or subsequent to __________, 200 200__, you shall be entitled to receive freely transferable shares of Common Stock for _____ of the Principal Units ( (___% of the total award).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lehman Brothers Holdings Inc)

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