Common use of Effect of Separation from Service Clause in Contracts

Effect of Separation from Service. Subject to Section 3.3, no unvested Deferred Stock Unit shall become vested following the Grantee’s Separation from Service, and all unvested Deferred Stock Units shall be immediately and automatically forfeited upon the Grantee’s Separation from Service.

Appears in 3 contracts

Samples: Deferred Stock Unit Agreement (Peabody Energy Corp), Deferred Stock Unit Agreement (Peabody Energy Corp), Deferred Stock Unit Agreement (Peabody Energy Corp)

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Effect of Separation from Service. Subject to Except as otherwise provided in Section 3.33.2, no unvested Deferred Stock Unit shall become vested following the Grantee’s Separation from Service, and all unvested Deferred Stock Units shall be immediately and automatically forfeited upon the Grantee’s Separation from Service.

Appears in 1 contract

Samples: Deferred Stock Units Agreement (Peabody Energy Corp)

Effect of Separation from Service. Subject to Except as otherwise provided in Section 3.33.2, no unvested Deferred Stock Unit shall become vested and subject to settlement following the Grantee’s Separation from Service, and all unvested Deferred Stock Units shall be immediately and automatically forfeited upon the Grantee’s Separation from Service.

Appears in 1 contract

Samples: Stock Unit Agreement (Peabody Energy Corp)

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Effect of Separation from Service. Subject to Except as otherwise provided in Section 3.33.2, no unvested Deferred Stock Unit shall become vested following the Grantee’s 's Separation from Service, and all unvested Deferred Stock Units shall be immediately and automatically forfeited upon the Grantee’s 's Separation from Service.

Appears in 1 contract

Samples: Deferred Stock Units Agreement (Peabody Energy Corp)

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