Common use of Forfeiture upon Termination of Status as a Service Provider Clause in Contracts

Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Agreement, if the Participant ceases to be a Service Provider for any or no reason, the then-unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 5 contracts

Samples: SVB Financial Group (SVB Financial Group), Restricted Stock Unit Agreement (SVB Financial Group), Restricted Stock Unit Agreement (SVB Financial Group)

AutoNDA by SimpleDocs

Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Agreement, if the Participant ceases to be a Service Provider for any or no reason, the then-then unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Capitol Bancorp LTD), Plan Restricted Stock Unit Agreement (Capitol Bancorp LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.