Common use of Termination of Service on the Board Clause in Contracts

Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by Awardee. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units by reason of Awardee’s death, then such Restricted Share Units shall vest in full and not be forfeited.

Appears in 3 contracts

Samples: Restricted Share Units Agreement (Cardinal Health Inc), Restricted Share Units Agreement (Cardinal Health Inc), Restricted Share Units Agreement (Cardinal Health Inc)

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Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by AwardeeAwardee immediately after Awardee ceases to be a member of the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units by reason of Awardee’s death, then such Restricted Share Units shall vest in full and are not be forfeited.

Appears in 2 contracts

Samples: Restricted Share Units Agreement (Cardinal Health Inc), Restricted Share Units Agreement (Cardinal Health Inc)

Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by AwardeeAwardee immediately after Awardee ceases to be a member of the Board. If the Awardee ceases to be a member of the Board prior to the vesting or forfeiture of the Restricted Share Units by reason of Awardee’s death, then such Restricted Share Units shall vest in full and are not be forfeited.

Appears in 2 contracts

Samples: Restricted Share Units Agreement (Cardinal Health Inc), Restricted Share Units Agreement (Cardinal Health Inc)

Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all death prior to the vesting in full of the then Restricted Stock Units, any unvested portion of such Restricted Share Stock Units shall be forfeited by Awardee. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units by reason of Awardee’s death, then any unvested portion of such Restricted Share Stock Units shall vest in full and not be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement for Directors (CAREFUSION Corp), Restricted Stock Units Agreement for Directors (CareFusion Corp)

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Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by AwardeeAwardee immediately after Awardee ceases to be a member of the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units by reason of Awardee’s death, then such Restricted Share Units shall vest in full and not be forfeited.

Appears in 1 contract

Samples: Restricted Share Units Agreement (Cardinal Health Inc)

Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by AwardeeAwardee immediately upon Awardee ceasing to be a member of the Board. If the Awardee ceases to be a member of the Board prior to the vesting or forfeiture of the Restricted Share Units by reason of Awardee’s death, then such Restricted Share Units shall vest in full and are not be forfeited.

Appears in 1 contract

Samples: Restricted Share Units Agreement (Cardinal Health Inc)

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