Common use of Forfeiture of RSUs Clause in Contracts

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to the fourth anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 8 contracts

Samples: Timken Company (Timken Co), Timken Company (Timken Co), Timken Company (Timken Co)

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Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to by the fourth anniversary of the Vesting Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth anniversary of the Vesting Date of Grant for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp), Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to by the fourth third anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth third anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Time Based Restricted Stock Unit Agreement (TimkenSteel Corp), Time Based Restricted Share Unit Agreement (TimkenSteel Corp)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to by the fourth third anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth third anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (TimkenSteel Corp), Time Based Restricted Stock Unit Agreement (TimkenSteel Corp)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to the fourth first anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary Director prior to the fourth first anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Timken Co), Restricted Stock Unit Agreement (Timken Co)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to the fourth fifth anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary Director prior to the fourth fifth anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement for Nonemployee Directors (Timken Co), Restricted Stock Unit Agreement (Timken Co)

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Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to the fourth anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date thatdate, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 1 contract

Samples: Time Based Restricted Stock Unit Agreement (TimkenSteel Corp)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 or Section 4 prior to by the fourth third anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the fourth third anniversary of the Date of Grant for any reason other than as described in Section 4).

Appears in 1 contract

Samples: Time Based Restricted Stock Unit Agreement (Timken Co)

Forfeiture of RSUs. Any RSUs that have not Vested pursuant to Section 3 5 or Section 4 6 prior to the fourth third anniversary of the Date of Grant will be forfeited automatically and without further notice on such date (or earlier if, and on such date that, Grantee the Participant ceases to be an employee of the Company or a Subsidiary prior to the fourth third anniversary of the Date of Grant for any reason other than as described in Section 46).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Cibus Global, Ltd.)

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