Common use of Forfeiture of RSUs on Termination of Service Clause in Contracts

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c) or 1(d), the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

Appears in 5 contracts

Samples: Restricted Stock Unit (Schnitzer Steel Industries Inc), Employment Agreement (Schnitzer Steel Industries Inc), Restricted Stock Unit Award Agreement (Schnitzer Steel Industries Inc)

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Forfeiture of RSUs on Termination of Service. If Except as expressly provided in this Agreement, or except to the extent that there exists a separate individual agreement between the Recipient and the Company, the terms of which provide otherwise, if the Recipient ceases to be an employee of the Company or a parent any Parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c) or 1(d)Subsidiary for any reason, the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Greenbrier Companies Inc), Restricted Stock Unit Award Agreement (Greenbrier Companies Inc), Restricted Stock Unit Award Agreement (Greenbrier Companies Inc)

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c), 1(d) or 1(d1(e), the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

Appears in 3 contracts

Samples: Restricted Stock Unit (Schnitzer Steel Industries Inc), Restricted Stock Unit (Schnitzer Steel Industries Inc), Restricted Stock Unit (Schnitzer Steel Industries Inc)

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have for any reason that does not previously vested and do not become vested result in acceleration of vesting pursuant to Section 1(c) or 1(d), the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

Appears in 2 contracts

Samples: Award Agreement (Schnitzer Steel Industries Inc), Restricted Stock Unit Award Agreement (Schnitzer Steel Industries Inc)

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where for any reason and the RSUs have not previously vested and do not become vested vest pursuant to Section 1(c) 3.2 or 1(d)3.3 of this Exhibit A, the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement Agreement, and the Recipient shall have no right to receive the related Common Stock.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (ESCO Corp), Restricted Stock Unit Award Agreement (ESCO Corp)

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Forfeiture of RSUs on Termination of Service. If Except as expressly provided in this Agreement, or except to the extent that there exists a separate individual agreement between the Recipient and the Company, the terms of which provide otherwise, if the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c) or 1(d)for any reason, the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock.

Appears in 2 contracts

Samples: Stock Incentive Plan (Greenbrier Companies Inc), Stock Incentive Plan (Greenbrier Companies Inc)

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee a director of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c) or 1(d)Company, the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common StockShares.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (SunOpta Inc.)

Forfeiture of RSUs on Termination of Service. If the Recipient ceases to be an employee of the Company or a parent or subsidiary of the Company under circumstances where the RSUs have not previously vested and do not become vested pursuant to Section 1(c) or 1(d), the Recipient shall immediately forfeit all outstanding but unvested RSUs awarded pursuant to this Agreement and the Recipient shall have no right to receive the related Common Stock; provided, however, that the Severance RSUs shall not be forfeited under this section.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Schnitzer Steel Industries Inc)

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