Common use of Termination of RSUs Clause in Contracts

Termination of RSUs. Until vested pursuant to Section 3.1, all RSUs issued to the Employee pursuant to this Agreement shall terminate immediately upon a Termination of Employment. For the avoidance of doubt, if the Employee experiences a Termination of Employment prior to a Vesting Date for any reason not described in Section 3.1, all RSUs issued to the Employee pursuant to this Agreement shall immediately terminate.

Appears in 2 contracts

Samples: 2005 Incentive Award Plan (Owens Illinois Inc /De/), 2005 Incentive Award Plan (Owens Illinois Inc /De/)

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Termination of RSUs. Until vested pursuant to Section 3.13.1 or 3.2, all RSUs issued to the Employee Participant pursuant to this Agreement shall terminate immediately upon a the Participant’s Termination of Employment. For the avoidance of doubt, if the Employee Participant experiences a Termination of Employment prior to a Vesting Date for any reason not described in Section 3.13.1 or 3.2(b), all RSUs issued to the Employee Participant pursuant to this Agreement shall immediately terminate.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Owens-Illinois Group Inc), Restricted Stock Unit Agreement (Owens Illinois Inc /De/)

Termination of RSUs. Until vested pursuant to Section 3.13.1 or 3.2, all RSUs issued to the Employee Participant pursuant to this Agreement shall terminate immediately upon a the Participant’s Termination of EmploymentService. For the avoidance of doubt, if the Employee Participant experiences a Termination of Employment Service prior to a Vesting Date for any reason not described in Section 3.13.1 or 3.2(b), all RSUs issued to the Employee Participant pursuant to this Agreement shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Owens Illinois Inc /De/)

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Termination of RSUs. Until vested pursuant to Section 3.13.1 or 3.2, all RSUs issued to the Employee Participant pursuant to this Agreement shall terminate immediately upon a the Participant’s Termination of Employment. For the avoidance of doubt, if the Employee Participant experiences a Termination of Employment prior to a Vesting Date vesting date for any reason not described in Section 3.13.1 or 3.2(b), all RSUs issued to the Employee Participant pursuant to this Agreement shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Owens Illinois Inc /De/)

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