Common use of Effect of Termination of Services Clause in Contracts

Effect of Termination of Services. (i) Except as provided in subsection (ii) of this Section 3(d) or as otherwise agreed upon by the parties in an employment agreement between them, unvested Restricted Shares shall be forfeited without consideration by the Participant at any time prior to the applicable Vesting Date upon the Participant’s termination of services with the Company for any reason.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Las Vegas Sands Corp), Restricted Stock Award Agreement (Las Vegas Sands Corp)

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Effect of Termination of Services. (i) Except as provided in subsection subsections (ii) and (iii) of this Section 3(d) or as otherwise agreed upon by the parties in an employment agreement between them), unvested Restricted Shares shall be forfeited without consideration by the Participant at any time prior to the applicable Vesting Date upon the Participant’s termination of services with the Company for any reason.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Las Vegas Sands Corp)

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Effect of Termination of Services. (i) Except as provided in subsection subsections (ii) of this Section 3(d) or as otherwise agreed upon by the parties in an employment agreement between them), unvested Restricted Shares shall be forfeited without consideration by the Participant at any time prior to the applicable Vesting Date upon the Participant’s termination of services with the Company for any reason.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Las Vegas Sands Corp)

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