Common use of Forfeiture; Termination of Employment Clause in Contracts

Forfeiture; Termination of Employment. No shares of Share shall be issued to the Participant prior to the date on which the Restricted Stock Units vest, and shall be forfeited by the Participant upon the Participant’s termination of employment prior to vesting for any reason other than death or Disability, as defined in the Plan. All shares of restricted stock units will immediately vest upon a Change in Control, as defined in the Plan, provided Participant’s in employment with the Company on the date of the Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Eplus Inc), Restricted Stock Unit Award Agreement (Eplus Inc)

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Forfeiture; Termination of Employment. No shares of Share Common Stock shall be issued to the Participant participant prior to the date on which the Restricted Stock Units vest, and shall be forfeited by the Participant participant upon the Participantparticipant’s termination of employment prior to vesting for any reason other than death or Disability, as defined in the Plan. All shares of restricted stock units will immediately vest upon a Change in Control, as defined in the Plan, provided Participantparticipant’s in employment with the Company on the date of the Change in Control.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Eplus Inc)

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Forfeiture; Termination of Employment. No shares of Share Common Stock shall be issued to the Participant participant prior to the date on which the Restricted Stock Units vest, and shall be forfeited by the Participant participant upon the Participantparticipant’s termination of employment prior to vesting for any reason other than death or Disability, as defined in the Plan. All shares of restricted stock units will immediately vest upon a Change in Control, as defined in the Plan, provided Participant’s in employment with the Company on the date of the Change in Control.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Eplus Inc)

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