Common use of Termination of Continuous Service Clause in Contracts

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 4 contracts

Samples: Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (LIGHTBRIDGE Corp), Performance Share Unit Agreement (HomeStreet, Inc.)

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Termination of Continuous Service. 5.1 (a) Except as otherwise expressly provided in this Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service Service, and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 4 contracts

Samples: Equity Incentive Plan (Premier Financial Corp), Performance Share Units Award Agreement (First Defiance Financial Corp), Long Term Incentive Plan Award Agreement (United Community Financial Corp)

Termination of Continuous Service. 5.1 6.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc)

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this Agreement, and unless otherwise determined in the Committee’s sole discretion, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 2 contracts

Samples: Psu Agreement (Rocky Brands, Inc.), Performance Share Unit Agreement (Rocky Brands, Inc.)

Termination of Continuous Service. 5.1 4.1 Except as otherwise expressly provided in this Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 2 contracts

Samples: Term Incentive Plan (United Community Financial Corp), Term Incentive Plan (United Community Financial Corp)

Termination of Continuous Service. 5.1 4.1. Except as otherwise expressly provided in this Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 2 contracts

Samples: Term Incentive Plan (United Community Financial Corp), Term Incentive Plan (United Community Financial Corp)

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee with respect to such forfeited PSUs under this Agreement.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Allegiance Bancshares, Inc.)

Termination of Continuous Service. 5.1 Except 7.1Except as otherwise expressly provided in this Master Frame Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vestedthe Vesting Date, the Grantee's unvested ’s PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this any Award Agreement.

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service ’s employment with the Company terminates for any reason at any time before prior to the date payments are made under this Agreement as provided in Section 4 above, all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service employment with the Company terminates for any reason at any time before prior to the date payments are made under this Agreement as provided in Section 4 above, all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

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Termination of Continuous Service. 5.1 (a) Except as otherwise expressly provided in this Agreement, if the Grantee's ’s Continuous Service terminates for any reason at any time before all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall not have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (ZAGG Inc)

Termination of Continuous Service. 5.1 6.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service ’s employment with the Company terminates for any reason at any time before prior to [APPLICABLE DATE], all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

Termination of Continuous Service. 5.1 Except 7.1Except as otherwise expressly provided in this Master Frame Agreement, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her PSUs have vestedthe Vesting Date, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this any Award Agreement.. ​

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

Termination of Continuous Service. 5.1 Except as otherwise expressly provided in this AgreementSection 4(c) above or Exhibit A, if the Grantee's Continuous Service ’s employment with the Company terminates for any reason at any time before prior to the date the PSUs become vested as provided in Section 3 above, all of his or her PSUs have vested, the Grantee's ’s unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Termination of Continuous Service. 5.1 6.1 Except as otherwise expressly provided in this Agreement, if the Grantee's Continuous Service employment with the Company terminates for any reason at any time before prior to [_____], all of his or her PSUs have vested, the Grantee's unvested PSUs shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

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