Common use of WHAT HAPPENS UPON CESSATION OF EMPLOYMENT Clause in Contracts

WHAT HAPPENS UPON CESSATION OF EMPLOYMENT. On cessation of employment for any reason, any unvested Restricted Stock Units will be forfeited by you at no cost to the Company. For the avoidance of doubt, after cessation of your employment, you will continue to hold any Shares previously received on vesting of your Restricted Stock Units.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

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