Common use of Forfeiture of Awarded Units Clause in Contracts

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. above, upon the Participant’s Termination of Service for any reason, the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Near Intelligence, Inc.), Restricted Stock Unit Award Agreement (Mathews Anil), Restricted Stock Unit Award Agreement (Near Intelligence, Inc.)

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Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. above, upon the Participant’s termination of employment with or services to the Company of, if applicable, an Affiliate (“Termination of Service Service”), for any reason, the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (U.S. Gold Corp.), Restricted Stock Unit Award Agreement (U.S. Gold Corp.), Restricted Stock Unit Award Agreement (U.S. Gold Corp.)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. aboveThe Participant shall forfeit, without the payment of any consideration therefor, all of the Participant’s Unvested RSUs upon the Participant’s Total and Permanent Disability, death or upon the Participant’s Termination of Service for any reason, the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Matador Resources Co), Restricted Stock Unit Award Agreement (Matador Resources Co)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. aboveThe Participant shall immediately forfeit all of the Participant’s Unvested RSUs upon the Participant’s Total and Permanent Disability, death or upon the Participant’s Termination of Service for any reason, without any action on the part of the Participant shall be deemed to have forfeited all or the Company and without the payment of the Participant’s Unvested RSUsany consideration therefor. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Matador Resources Co), Restricted Stock Unit Award Agreement (Matador Resources Co)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. 3 above, upon the Participant’s Termination of Service for any reasonreason (the “Termination Date”), the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Awarded Units shall cease and terminate, without any further obligations on the part of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (InspireMD, Inc.), Restricted Stock Unit Award Agreement (InspireMD, Inc.)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. above, upon the Participant’s Termination of Service for any reason, the The Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUsRSUs upon the Participant’s Total and Permanent Disability, death or upon the Participant’s Termination of Service for any reason. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Matador Resources Co), Restricted Stock Unit Award Agreement (Matador Resources Co)

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Forfeiture of Awarded Units. a. Except as otherwise provided in Section 3.a. above, upon the Participant’s Termination of Service for any reason, the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cryptyde, Inc.)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a3.b. above, upon the Participant’s Termination of Service for any reason, the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (WatchGuard, Inc.)

Forfeiture of Awarded Units. Except as otherwise provided in Section 3.a. above, upon the Participant’s Termination of Service for any reasonreason (the “Termination Date”), the Participant shall be deemed to have forfeited all of the Participant’s Unvested RSUs. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (InspireMD, Inc.)

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