Common use of Termination of Continuous Service Clause in Contracts

Termination of Continuous Service. In the event of the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of the Participant’s death, Disability or Retirement, or after a Change of Control), all RSUs held by the Participant at the time of his or her termination of Continuous Service and still subject to the Period of Restriction shall be forfeited to the Company.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.), Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.), Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.)

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Termination of Continuous Service. In the event of the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of the Participant’s death, Disability or Disability, Retirement, Good Leaver Termination (as defined below), or after a Change of Control), all any portion of the Restricted Cash and any of the RSUs held by the Participant at the time of his or her termination of Continuous Service and that are still subject to the Period of Restriction shall be forfeited to the Company.. (d)

Appears in 2 contracts

Samples: Mueller Water Products, Inc., Mueller Water Products, Inc.

Termination of Continuous Service. In the event of If the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of terminates due to death or Disability, then all RSUs that are not vested shall become immediately vested in full upon such termination. If the Participant’s deathContinuous Service terminates for any other reason, Disability or Retirement, or after a Change of Control), then all RSUs held by the Participant that are not vested at the time of his or her such termination of Continuous Service and still subject to the Period of Restriction shall be automatically and immediately forfeited to the Companyfor no consideration.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Bloomin' Brands, Inc.), Restricted Stock Unit Award Agreement (Bloomin' Brands, Inc.)

Termination of Continuous Service. In the event of the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of the Participant’s death, Disability or Retirement, or after Retirement during the Period of Restriction (and except as otherwise provided in Section 3(c) with respect to Performance RSUs that become nonforfeitable upon a Change of in Control), all Performance RSUs held by the Participant at the time of his or her termination of Continuous Service and still subject to the Period of Restriction shall be forfeited by the Participant to the Company.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.), Performance Restricted Stock Unit Award Agreement (Mueller Water Products, Inc.)

Termination of Continuous Service. In the event of (a) If the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of terminates due to death or Disability, then all RSUs that are not vested shall become immediately vested in full upon such termination. If the Participant’s death, Disability or Retirement, or after a Change of ControlContinuous Service terminates for any other reason other than Retirement (as defined below), then all RSUs held by the Participant that are not vested at the time of his or her such termination of Continuous Service and still subject to the Period of Restriction shall be automatically and immediately forfeited to the Companyfor no consideration.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Bloomin' Brands, Inc.)

Termination of Continuous Service. In Except as provided in Section 2.b above (with respect to termination following Change in Control), if the event Participant's Continuous Service is terminated for any reason prior to the expiration of Restricted Period, the Participant’s termination of Continuous Service for RSUs will be cancelled, terminated and forfeited and the Participant will cease to have any reason during the Period of Restriction (other than by reason right or interest in any portion of the Participant’s death, Disability or Retirement, or after a Change of Control), all RSUs held by the Participant at the time of his or her termination of Continuous Service and still subject to the Period of Restriction shall be forfeited to the CompanyRSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Scott's Liquid Gold - Inc.)

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Termination of Continuous Service. In the event of the Participant’s termination of Continuous Service for any reason during the Period of Restriction (other than by reason of the Participant’s death, Disability or Retirement, or after a Change of Control), all any portion of the Restricted Cash and any of the RSUs held by the Participant at the time of his or her termination of Continuous Service and that are still subject to the Period of Restriction shall be forfeited to the Company.. (d)

Appears in 1 contract

Samples: Mueller Water Products, Inc.

Termination of Continuous Service. In the event of Except as otherwise provided herein, if the Participant’s termination of 's Continuous Service is terminated for any reason during prior to the Period expiration of Restriction (other than by reason Restricted Period, the Participant's RSU s that are not Vested Units will be cancelled, terminated and forfeited and the Participant will cease to have any right or interest in any portion of the Participant’s death, Disability or Retirement, or after a Change of Control), all RSUs held by the Participant at the time of his or her termination of Continuous Service and still subject to the Period of Restriction shall be forfeited to the CompanyRSUs.

Appears in 1 contract

Samples: Equity and Incentive Plan Restricted Stock (Scott's Liquid Gold - Inc.)

Termination of Continuous Service. In If the event Participant's Continuous Service is terminated for any reason prior to the expiration of Restricted Period, the Participant’s termination of Continuous Service for RSUs that are not Vested Units will be cancelled, terminated and forfeited and the Participant will cease to have any reason during the Period of Restriction (other than by reason right or interest in any portion of the Participant’s death, Disability or Retirement, or after a Change of Control), all RSUs held by the Participant at the time of his or her termination of Continuous Service and still subject to the Period of Restriction shall be forfeited to the CompanyRSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Scott's Liquid Gold - Inc.)

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