Common use of Forfeiture Upon Termination of Service Clause in Contracts

Forfeiture Upon Termination of Service. Simultaneously with termination of Employee’s Continuous Service for any reason other than as a result of Employee’s death or Disability (as defined in the Plan) prior to the vesting of Employee’s rights to receive the Shares in accordance with Section 2 of this Agreement, Employee shall automatically forfeit all rights to receive the Shares, unless and except to the extent otherwise agreed by the Company, in its sole discretion.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc.), Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc.), Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc.)

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Forfeiture Upon Termination of Service. Simultaneously with termination of Employee’s 's Continuous Service for any reason other than as a result of Employee’s 's death or Disability (as defined in the Plan) prior to the vesting of Employee’s 's rights to receive the Shares in accordance with Section 2 of this Agreement, Employee shall automatically forfeit all rights to receive the Shares, unless and except to the extent otherwise agreed by the Company, in its sole discretion.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc./De), Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc./De)

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Forfeiture Upon Termination of Service. Simultaneously with termination of Employee’s 's Continuous Service for any reason other than as a result of Employee’s 's death or Disability (as defined in the Plan) prior to the vesting of Employee’s 's rights to receive the Shares in accordance with Section 2 of this Agreement, Employee shall automatically forfeit all rights to receive the Shares, unless and except to the extent otherwise agreed by the Company, in its sole discretion. 3.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Lexicon Pharmaceuticals, Inc./De)

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