Common use of Forfeiture Upon Termination of Service Clause in Contracts

Forfeiture Upon Termination of Service. Except as otherwise provided in (a) above, upon cessation of the Participant’s employment with the Company for any reason before [date], the number of shares of Stock Unit Awards subject to this Agreement that have not become vested shall be forfeited, except as the Committee may otherwise determine in its sole discretion.

Appears in 3 contracts

Samples: Stock Unit Award Agreement (Hearusa Inc), Stock Unit Award Agreement (Hearusa Inc), Stock Unit Award Agreement (Hearusa Inc)

AutoNDA by SimpleDocs

Forfeiture Upon Termination of Service. Except as otherwise provided in (aSection 4(a) above, upon cessation of the Participant’s employment Employment with the Company for any reason before [date], the number of shares of Stock Unit Awards subject to this Agreement that have not become vested shall be forfeited, except as the Committee may otherwise determine in its sole discretion.

Appears in 3 contracts

Samples: Memc Electronic (Memc Electronic Materials Inc), Stock Unit Award Agreement (Memc Electronic Materials Inc), Stock Unit Award Agreement (Memc Electronic Materials Inc)

Forfeiture Upon Termination of Service. Except as otherwise provided in (a) above, upon cessation of the Participant’s employment with service on the Board of Directors of the Company for any reason before [date], the number of shares of Stock Unit Awards subject to this Agreement that have not become vested shall be forfeited, except as the Committee may otherwise determine in its sole discretion.

Appears in 2 contracts

Samples: Stock Unit Award Agreement (Memc Electronic Materials Inc), Stock Unit Award Agreement (Memc Electronic Materials Inc)

Forfeiture Upon Termination of Service. Except as otherwise provided in (aSection 4(a) above, upon cessation of the Participant’s employment Employment with the Company for any reason before [date](DATE), the number of shares of Restricted Stock Unit Awards subject to this Agreement that have not become vested shall be forfeited, except as the Committee may otherwise determine in its sole discretion.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Memc Electronic Materials Inc)

AutoNDA by SimpleDocs

Forfeiture Upon Termination of Service. Except as otherwise provided in (a) above, upon cessation of the Participant’s employment with service on the Board of Directors of the Company for any reason before [date], 200 , the number of shares of Stock Unit Awards subject to this Agreement that have not become vested shall be forfeited, except as the Committee may otherwise determine in its sole discretion.

Appears in 1 contract

Samples: Stock Unit Award Agreement (Memc Electronic Materials Inc)

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