Common use of Termination of Continuous Service Clause in Contracts

Termination of Continuous Service. Except as otherwise set forth in Section 4(b) or Section 4(c) above, if the Participant’s Continuous Service terminates for any reason at any time prior to the Vesting Date, the unvested Restricted Shares will be forfeited and all of the Participant’s rights to such shares of Common Stock shall immediately terminate.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Energy & Exploration Partners, Inc.), Restricted Stock Award Agreement (Energy & Exploration Partners, Inc.), Restricted Stock Award Agreement (Energy & Exploration Partners, Inc.)

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Termination of Continuous Service. Except as otherwise set forth in Section 4(b4(a) or Section 4(c4(b) above, if the Participant’s Continuous Service terminates for any reason at any time prior to the Vesting Date, the unvested Restricted Shares will be forfeited and all of the Participant’s rights to such shares of Common Stock shall immediately terminate.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Key Energy Services Inc), Restricted Stock Award Agreement (Key Energy Services Inc)

Termination of Continuous Service. Except as otherwise set forth in Section 4(bSections 4(a) through 4(e) (inclusive) or Section 4(c) aboveas otherwise determined by the Committee in its discretion, if the Participant’s Continuous Service terminates for any reason at any time prior to the Vesting Date, the outstanding unvested Restricted Shares Stock Units will be automatically forfeited for no consideration and all of the Participant’s rights to such shares of Common Restricted Stock Units shall immediately terminate.

Appears in 1 contract

Samples: Employee Restricted Stock Unit Award Agreement (Superior Energy Services Inc)

Termination of Continuous Service. Except as otherwise set forth in Section 4(bSections 4(a) through 4(e) (inclusive) or Section 4(c) aboveas otherwise determined by the Committee in its discretion, if the Participant’s Continuous Service terminates for any reason at any time prior to the an applicable Vesting Date, the outstanding unvested Restricted Shares will be forfeited automatically cancelled by the Company and all of the Participant’s rights to such shares of Common Stock Shares shall immediately terminate.

Appears in 1 contract

Samples: Employee Restricted Stock Award Agreement (Superior Energy Services Inc)

Termination of Continuous Service. Except as otherwise set forth in Section 4(b4(a), (b) or Section 4(c(c) above, if the Participant’s Continuous Service terminates for any reason at any time prior to the Vesting Date, the unvested Restricted Shares will be forfeited and all of the Participant’s rights to such shares of Common Stock shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Key Energy Services Inc)

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Termination of Continuous Service. Except as otherwise set forth in Section 4(b4(a) or Section 4(c4(b) above, if the Participant’s Continuous Service terminates for any reason at any time prior to the Vesting Date, the unvested Restricted Shares Stock will be forfeited and all of the Participant’s rights to such shares of Common Stock shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Key Energy Services Inc)

Termination of Continuous Service. Except as otherwise set forth in Section 4(b4(a) or Section 4(c) aboveas otherwise determined by the Committee in its discretion, if the Participant’s Continuous Service terminates for any reason at any time prior to the an applicable Vesting Date, the outstanding unvested Restricted Shares will be forfeited automatically cancelled by the Company and all of the Participant’s rights to such shares of Common Stock Shares shall immediately terminate.

Appears in 1 contract

Samples: Director Restricted Stock Award Agreement (Superior Energy Services Inc)

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