Common use of Forfeiture Upon Termination of Service Clause in Contracts

Forfeiture Upon Termination of Service. In the event that the Grantee ceases to be a Non-Employee Director, the Grantee shall forfeit all Restricted Stock Units which are not, as of the time of such termination (subject to accelerated vesting as expressly provided in Section 3(a) of this Agreement or in Section 6(g) of the Plan), Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Appears in 2 contracts

Samples: Director Restricted Stock Unit Agreement (Post Holdings, Inc.), Non Employee Director Restricted Stock Unit Agreement (Post Holdings, Inc.)

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Forfeiture Upon Termination of Service. In the event that the Grantee ceases to be a Non-Employee Directormember of the Board of Directors, the Grantee shall forfeit all Restricted Stock Units which are not, as of the time of such termination (subject to accelerated vesting as expressly provided in Section 3(a) of this Agreement or in Section 6(g) of the Plan), Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Bellring Brands, Inc.)

Forfeiture Upon Termination of Service. In the event that the Grantee ceases to be a Non-Employee Director, the Grantee shall forfeit all Restricted Stock Units which are not, as of the time of such termination (subject to accelerated vesting as expressly provided in Section 3(a) of this Agreement or in Section 6(g) of the Plan), Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.. Version Jan. 2019

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Unit Agreement (Post Holdings, Inc.)

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Forfeiture Upon Termination of Service. In the event that the Grantee ceases to be a Non-Employee DirectorDirector for any reason or no reason, voluntarily or involuntarily, the Grantee shall forfeit all Restricted Stock Units which are not, as of the time of such termination (subject to accelerated vesting as expressly provided in Section 3(a) of this Agreement or in Section 6(g) of the Plan)), Vested Units, and the Grantee shall not be entitled to any payment or other consideration with respect thereto.

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Unit Agreement (Post Holdings, Inc.)

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