Common use of Forfeiture based on Termination/Resignation Clause in Contracts

Forfeiture based on Termination/Resignation. Except as set forth in Section 7 and 8, if you cease to be employed by the Company or an affiliate of the Company for any reason whatsoever, including, but not limited to, a termination by the Company or an affiliate of the Company with or without “Cause” (as hereinafter defined) or a resignation by you with or without “Good Reason” (as hereinafter defined), prior to the Vesting Date for any Performance Period, all Units that could have been earned for such Performance Period and for any remaining Performance Period shall be canceled and forfeited as of the date of such termination.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)

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Forfeiture based on Termination/Resignation. Except as set forth in Section 7 and 8, if you cease to be employed by the Company or an affiliate of the Company for any reason whatsoever, including, but not limited to, a termination by the Company or an affiliate of the Company with or without “Cause” (as hereinafter defined) or a resignation by you with or without “Good Reason” (as hereinafter defined), prior to the Vesting Date for any Performance Period, all unvested Units that could have been earned for such Performance Period and for any remaining Performance Period shall be canceled and forfeited as of the date of such termination.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)

Forfeiture based on Termination/Resignation. Except as set forth in Section 7 and 87, if you cease to be employed by the Company or an affiliate of the Company for any reason whatsoever, including, but not limited to, a termination by the Company or an affiliate of the Company with or without “Cause” (as hereinafter defined) or a resignation by you with or without “Good Reason” (as hereinafter defined), ) prior to your Final Day or fail to provide transition services through the Vesting Date for any Performance PeriodTransition Date, all unvested Units that could have been earned for such Performance Period and for any remaining Performance Period shall be canceled and forfeited as of the date of such terminationtermination or failure to provide services.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)

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Forfeiture based on Termination/Resignation. Except as set forth in Section 7 and 8, if you cease to be employed by by, or provide service as a Director to, the Company or an affiliate of the Company for any reason whatsoever, including, but not limited to, a termination by the Company or an affiliate of the Company Company, or any Board of Directors thereof, with or without “Cause” (as hereinafter defined) or a resignation by you with or without “Good Reason” (as hereinafter defined), prior to the Vesting Date for any Performance Period, all Units that could have been earned for such Performance Period and for any remaining Performance Period shall be canceled and forfeited as of the date of such terminationtermination of employment or service as a Director.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)

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