Forfeiture of Awards. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to Sections 4 or 5 hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, on the date that the Grantee ceases to be an employee of the Company or any Subsidiary.
Appears in 4 contracts
Samples: 2018 Equity and Incentive Compensation Plan (FTS International, Inc.), Lock Up Agreement (FTS International, Inc.), Lock Up Agreement (FTS International, Inc.)
Forfeiture of Awards. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to Sections 4 or 5 hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, on the date that the Grantee ceases to be an employee of serve continuously on the Company or any SubsidiaryBoard.
Appears in 2 contracts
Samples: 2018 Equity and Incentive Compensation Plan (FTS International, Inc.), 2018 Equity and Incentive Compensation Plan (FTS International, Inc.)
Forfeiture of Awards. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to Sections Section 4 or 5 hereof, the RSUs covered by this Agreement shall be forfeited automatically automatically, without the payment of consideration therefor and without further notice, and shall no longer be considered covered by this Agreement, notice on the date that the Grantee ceases to be an employee of the Company or any Subsidiarya Director.
Appears in 1 contract
Samples: 2018 Equity and Incentive Compensation Plan (YETI Holdings, Inc.)
Forfeiture of Awards. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to Sections 4 Section 3 or 5 hereof4, the RSUs covered by this Agreement shall will be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, notice on the date that the Grantee ceases to be an employee of the Company or any Subsidiary. In the event that the Grantee intentionally commits an act that the Board determines to be materially adverse to the interests of the Company or any Subsidiary, the RSUs covered by this Agreement will be forfeited at the time of that determination notwithstanding any other provision of this Agreement.
Appears in 1 contract
Samples: Restricted Stock Units Agreement (Diamond S Shipping Group, Inc.)
Forfeiture of Awards. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to Sections 4 Section 3 or 5 hereof4, the RSUs covered by this Agreement shall will be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, notice on the date that the Grantee ceases to be a Director. In the event that the Grantee intentionally commits an employee act that the Board determines to be materially adverse to the interests of the Company or any Subsidiary, the RSUs covered by this Agreement will be forfeited at the time of that determination notwithstanding any other provision of this Agreement.
Appears in 1 contract
Samples: Non Executive Director Restricted Stock Units Agreement (Diamond S Shipping Group, Inc.)
