Common use of Forfeiture upon Termination of Employment; Company Transaction Clause in Contracts

Forfeiture upon Termination of Employment; Company Transaction. Upon a Termination of Service for any reason, including without limitation, termination by the Company for Cause, voluntary resignation by the Employee or the Employee’s death, Disability or Retirement, the Unvested Shares shall be forfeited by the Employee and cancelled and surrendered to the Company without payment of any consideration to the Employee.

Appears in 2 contracts

Samples: Employment Agreement (Nanoviricides, Inc.), Employment Agreement (Nanoviricides, Inc.)

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Forfeiture upon Termination of Employment; Company Transaction. Upon a Termination of Service for any reason, including without limitation, termination by the Company for Cause, voluntary resignation by the Employee or the Employee’s death, Disability or Retirement, the Unvested Shares shall be forfeited by the Employee and cancelled and surrendered to the Company without payment of any consideration to the Employee.. ​

Appears in 1 contract

Samples: Employment Agreement (Nanoviricides, Inc.)

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Forfeiture upon Termination of Employment; Company Transaction. Upon a Termination of Service for any reason, including without limitation, termination by the Company for Cause, voluntary resignation by the Employee or the Employee’s 's death, Disability or Retirement, the Unvested Shares shall be forfeited by the Employee and cancelled and surrendered to the Company without payment of any consideration to the Employee.

Appears in 1 contract

Samples: Employment Agreement (Nanoviricides, Inc.)

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