Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause or the Participant resigns for any reason, including as a result of the Participant’s retirement, any RSUs that are not vested pursuant to Section 2 above as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 4 contracts

Samples: Award Agreement (Moneygram International Inc), Award Agreement (Moneygram International Inc), Award Agreement (Moneygram International Inc)

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Termination for Cause; Resignation. If the Participant’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below) or the Participant resigns for any reason, including as a result of the Participant’s retirement, any RSUs that are not vested pursuant to Section 2 above as of the date of the Participant’s termination of employment shall be immediately forfeited.

Appears in 2 contracts

Samples: Award Agreement (Moneygram International Inc), Award Agreement (Moneygram International Inc)

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