Termination of Service by the Company or a Subsidiary Thereof for Cause. Upon any termination of Service by the Company or a Subsidiary thereof for Cause, the Participant will forfeit any unvested Units. In addition, the Company, at its option, will have the right to repurchase shares held by the Participant that were acquired through settlement of any Units at the Fair Market Value of such shares.
Appears in 4 contracts
Samples: 2011 Stock Option and Incentive Plan (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.)