Common use of Termination of Service; Forfeiture Clause in Contracts

Termination of Service; Forfeiture. Upon the termination of your service on the Board for any reason, any Restricted Stock Units that do not or have not vested in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, you shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.)

AutoNDA by SimpleDocs

Termination of Service; Forfeiture. Upon the termination of your service on the Board Continuous Service for any reason, any Restricted Stock Units that do not or have not vested in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, you shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.), Restricted Stock Unit Agreement (PDC Energy, Inc.)

AutoNDA by SimpleDocs

Termination of Service; Forfeiture. Upon the termination of your Participant’s service on the Board for any reason, any Restricted Stock Units that do not or have not vested in accordance with Paragraph 3 and the Notice of Restricted Stock Unit Award shall immediately be forfeited. Upon forfeiture, you Participant shall have no further rights with respect to such Restricted Stock Units and related Dividend Equivalent Amounts.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Glowpoint, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.