Common use of Employment Termination Due to Transfer of Business to Successor Employer Clause in Contracts

Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment with the Company or any of its Affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all RSUs shall immediately lapse.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (BAKER HUGHES a GE Co LLC), Ge Company Restricted Stock Unit Award Agreement (Baker Hughes a GE Co), Ge Company Restricted Stock Unit Award Agreement (Baker Hughes a GE Co)

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Employment Termination Due to Transfer of Business to Successor Employer. If the ParticipantGrantee’s employment with the Company or any of its Affiliates affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all RSUs shall immediately lapse.

Appears in 3 contracts

Samples: Restricted Stock Unit Grant Agreement (General Electric Co), Restricted Stock Unit Grant Agreement (Universal City Travel Partners), Restricted Stock Unit Grant Agreement (General Electric Co)

Employment Termination Due to Transfer of Business to Successor Employer. If the ParticipantGrantee’s employment service with the Company or any of its Affiliates affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all RSUs shall immediately lapse.

Appears in 3 contracts

Samples: 2004 Restricted Stock Unit Grant Agreement (Universal City Travel Partners), Restricted Stock Unit Grant Agreement (Universal City Travel Partners), Restricted Stock Unit Grant Agreement (Universal City Travel Partners)

Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment your service with the Company or any of and its Affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all RSUs shall immediately lapse.

Appears in 1 contract

Samples: Genworth Financial Inc

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Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment Grantee's service with the Company or any of its Affiliates affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all RSUs shall immediately lapse.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement (General Electric Co)

Employment Termination Due to Transfer of Business to Successor Employer. If the Participant’s employment your service with the Company or any of and its Affiliates terminates as a result of employment by a successor employer to which the Company has transferred a business operation, then restrictions on all any RSUs shall immediately lapsecontinue to lapse in accordance with the restriction lapse dates.

Appears in 1 contract

Samples: Genworth Financial Inc

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