Common use of Termination of Award Clause in Contracts

Termination of Award. In the event that the Employee shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee returns this Agreement.

Appears in 13 contracts

Samples: Restricted Stock Unit Award Agreement (Aptargroup Inc), Restricted Stock Unit Award Agreement (Catamaran Corp), Restricted Stock Unit Award Agreement (Catamaran Corp)

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Termination of Award. In the event that the Employee Holder shall forfeit all or a portion of the restricted stock units shares of Stock subject to the Award, the Employee shall Holder shall, upon the Company’s request, promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee Holder returns this Agreement.

Appears in 9 contracts

Samples: Restricted Stock Unit Award Agreement (Rewards Network Inc), Restricted Stock Unit Award Agreement (Rewards Network Inc), Restricted Stock Unit Award Agreement (Rewards Network Inc)

Termination of Award. In the event that the Employee Holder shall forfeit all or a portion the shares of the restricted stock units Stock subject to the Award, the Employee shall Holder shall, upon the Company's request, promptly return this Agreement to the Company for full cancellation. Such cancellation shall be effective regardless of whether the Employee Holder returns this Agreement.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Whitehall Jewellers Inc), Restricted Stock Award Agreement (Whitehall Jewellers Inc), Restricted Stock Award Agreement (Whitehall Jewellers Inc)

Termination of Award. In the event that the Employee Participant shall forfeit all or a portion of the restricted stock units any Shares subject to the Award, the Employee shall Participant shall, upon the Company’s request, promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective upon forfeiture regardless of whether the Employee Participant is requested to return or returns this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Aviv REIT, Inc.), Restricted Stock Award Agreement (Aviv REIT, Inc.), Restricted Stock Award Agreement (Aviv REIT, Inc.)

Termination of Award. In the event that the Employee Director shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee Director shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee Director returns this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Aptargroup Inc), Stock Unit Award Agreement (Aptargroup Inc), Restricted Stock Unit Award Agreement for Directors (Aptargroup Inc)

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Termination of Award. In the event that the Employee Director shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee Director shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee Director returns this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (SXC Health Solutions Corp.)

Termination of Award. In the event that the Employee shall forfeit all or a portion of the restricted stock units shares of Stock subject to the Award, the Employee shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee returns this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Aptargroup Inc)

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