Common use of Resignation or Other Termination Clause in Contracts

Resignation or Other Termination. In the event of Service Termination resulting from the Grantee’s voluntary resignation or termination from the Board for any reason except as set forth in Section 3(c) above, all unvested Granted Units subject to this award shall be immediately forfeited as of the Termination Date.

Appears in 43 contracts

Samples: www.sec.gov, www.sec.gov, Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

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