Forfeiture, Termination and Cancellation upon Termination of Service. Upon Participant’s Termination of Service for any or no reason, the then-unvested RSUs subject to this Agreement (after giving effect to any accelerated vesting pursuant to Section 2.4 hereof) will thereupon be automatically forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration therefor, and the Participant, or Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.), Employment Agreement (Spirit Airlines, Inc.), Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)
Forfeiture, Termination and Cancellation upon Termination of Service. Upon Notwithstanding any contrary provision of this Agreement, upon Participant’s Termination of Service for any or no reason, the then-all then unvested RSUs subject to this Agreement (after giving effect to any accelerated vesting pursuant to Section 2.4 hereof) will thereupon be automatically forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration thereforby the Company, and the Participant, or Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (National Semiconductor Corp), Restricted Stock Unit Agreement (National Semiconductor Corp), Restricted Stock Unit Agreement (National Semiconductor Corp)
Forfeiture, Termination and Cancellation upon Termination of Service. Upon Participant’s Termination of Service for any or no reason, the then-unvested RSUs subject to this Agreement (after giving effect to any accelerated vesting pursuant to Section 2.4 hereof2.4) will thereupon be automatically forfeited, terminated and cancelled as of the applicable termination date without payment of any consideration thereforby the Company, and the Participant, or Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Avago Technologies LTD)