Common use of Vesting and Termination Clause in Contracts

Vesting and Termination. The RSUs shall vest and shall terminate in such amounts and at such times as are set forth in the Grant Notice. No portion of the RSUs which has not become vested at the date of the Participant’s termination of employment with the Company shall thereafter become vested.

Appears in 2 contracts

Samples: Vought Aircraft (Vought Aircraft Industries Inc), Vought Aircraft (Vought Aircraft Industries Inc)

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Vesting and Termination. The RSUs shall vest and shall terminate in such amounts and at such times as are set forth in the Grant Notice. No portion of the RSUs which has not become vested at the date of the Participant’s termination of employment with the Company shall thereafter become vested. The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment which becomes vested pursuant to the vesting schedule set forth in the Grant Notice shall remain vested until it terminates as provided in the Grant Notice.

Appears in 1 contract

Samples: Vought Aircraft (Vought Aircraft Industries Inc)

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Vesting and Termination. The RSUs shall vest and shall terminate in such amounts and at such times as are set forth in the Grant Notice. No portion of the All RSUs which has that have not become vested at the date as of the Participant’s termination 's Termination of employment with the Company Service shall thereafter become vestedthereupon terminate and be forfeited and canceled without payment of consideration therefor.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Spectranetics Corp)

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