Common use of Forfeiture of the Award Clause in Contracts

Forfeiture of the Award. (a) Notwithstanding any other provision of this Award, any amounts that have not become vested and payable prior to the Expiration Date shall expire and may not become earned and payable after such time. Additionally, any amounts that have not become vested and payable on or before the termination of the Participant’s employment with the Company (not including Affiliates of the Company) shall expire and may not become vested and payable after such time.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Intrexon Corp), Restricted Stock Unit Agreement (Intrexon Corp), Restricted Stock Unit Agreement (Intrexon Corp)

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Forfeiture of the Award. (a) Notwithstanding any other provision of this Award, any amounts that have not become vested and payable prior to the Expiration Date shall expire and may not become earned and payable after such time. Additionally, any amounts that have not become vested and payable on or before the termination of the Participant’s employment with by, or service with, the Company (not including Affiliates of the Company) or an Affiliate shall expire and may not become vested and payable after such time.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intrexon Corp)

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