Common use of Termination of Board Service Clause in Contracts

Termination of Board Service. Except as otherwise provided in Section 2.2 above, termination of the Award Recipient’s service on the Board for any reason shall automatically result in the termination and forfeiture of all unvested Restricted Stock.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Centurytel Inc), Restricted Stock Agreement (Centurytel Inc), Restricted Stock Agreement (Centurytel Inc)

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Termination of Board Service. Except as otherwise provided in Section 2.2 2 above, termination of the Award Recipient’s service on the Board for any reason shall automatically result in the termination and forfeiture of all unvested Restricted Stock.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Centurylink, Inc), Restricted Stock Agreement (Centurytel Inc), Restricted Stock Agreement (Centurytel Inc)

Termination of Board Service. Except as otherwise provided in Section 2.2 above, termination of the Award Recipient’s 's service on the Board for any reason shall automatically result in the termination and forfeiture of all unvested Restricted Stock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Centurytel Inc)

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Termination of Board Service. Except as otherwise provided in Section 2.2 2 above, termination of the Award Recipient’s 's service on the Board for any reason shall automatically result in the termination and forfeiture of all unvested Restricted Stock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Centurylink, Inc)

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