Common use of Forfeiture of Unvested Units Clause in Contracts

Forfeiture of Unvested Units. Except as otherwise provided in the Employment Agreement, if the Grantee’s ceases to serve as the Company’s Chief Executive Officer, all Unvested Units shall be immediately forfeited.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Bally Technologies, Inc.), Restricted Stock Agreement (Bally Technologies, Inc.), Restricted Stock Agreement (Alliance Gaming Corp)

AutoNDA by SimpleDocs

Forfeiture of Unvested Units. Except as otherwise provided in the Employment AgreementAgreement or any amendment thereto, if the Grantee’s ceases to serve as service with the Company’s Chief Executive OfficerCompany ceases, all Unvested Units shall be immediately forfeited.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Bally Technologies, Inc.), Restricted Stock Unit Agreement (Bally Technologies, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.