Forfeiture on Termination. Subject to Section 3, if the Grantee's employment with the Corporation terminates for any reason prior to the Vesting Date for awarded Performance Shares, the Grantee shall forfeit all rights with respect to the shares included in that award, and the certificates evidencing such shares shall be null, void and of no effect as of the date his/her employment terminates. Such shares shall revert to the Corporation as stock and may, in the sole discretion of the Corporation, be cancelled or retained as treasury stock.
Forfeiture on Termination. Subject to Section 2 of this Agreement, if the Grantee’s service as a Director terminates for any reason prior to the Vesting Date for the shares of Restricted Stock, the Grantee shall forfeit all rights with respect to such unvested shares of Restricted Stock, and the book entry account shall be null, void and of no effect as of the date the Grantee’s service as a Director terminates.
Forfeiture on Termination. Subject to Section 2 above, all unvested Restricted Stock Units will be forfeited on the Participant’s Termination of Employment.
Forfeiture on Termination. Subject to Section 4 of this Agreement, if the Participant's employment with the Company terminates for any reason prior to the Vesting Date, the Participant shall forfeit all rights with respect to all unvested Shares, as of the date the Participant's employment terminates.
Forfeiture on Termination. If Participant ceases to be a Service Provider as a result of termination for Cause, all shares of Restricted Stock, which are not Vested Shares and for which the Period of Restriction has not lapsed prior to the date the Participant ceases to be a Service Provider, will be forfeited, and Participant shall have no further rights with respect to such unvested Shares of Restricted Stock. If Participant ceases to be a Service Provider as a result of any reason other than a termination for Cause, all shares of Restricted Stock which are not Vested Shares and for which the Period of Restriction has not lapsed prior to the date the Participant ceases to be a Service Provider, will not be forfeited but will continue to be governed by the terms of this Agreement and the Plan.
