Common use of Termination for Cause or Voluntary Termination Clause in Contracts

Termination for Cause or Voluntary Termination. In the event of the termination of the Participant’s service with the Company or any Affiliate for Cause or for any other reason other than death, Disability, Retirement or termination by the Company without Cause prior to the Performance Share Vesting Date, the Participant shall forfeit and the Company shall automatically reacquire all of the Performance Shares subject to the Award. The Participant shall not be entitled to any payment for such forfeited Performance Shares.

Appears in 6 contracts

Samples: Performance Share Agreement (Lululemon Athletica Inc.), Performance Share Agreement (Lululemon Athletica Inc.), Performance Share Agreement (Lululemon Athletica Inc.)

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Termination for Cause or Voluntary Termination. In the event of the termination of the Participant’s service with the Company or any Affiliate for Cause or for any other reason other than death, Disability, Retirement or termination by the Company without Cause prior to the Performance Share Vesting Date, the Participant shall shall, subject to applicable laws, forfeit and the Company shall automatically reacquire all of the Performance Shares subject to the Award. The Participant shall not be entitled to any payment for such forfeited Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

Termination for Cause or Voluntary Termination. In the event of the termination of the Participant’s service with the Company or any Affiliate Service for Cause or for any other reason other than death, Disability, Retirement Retirement, or termination by the Company without Cause prior to the Performance Share Vesting Date, the Participant shall forfeit and the Company shall automatically reacquire all of the Performance Shares subject to the Award. The Participant shall not be entitled to any payment for such forfeited Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

Termination for Cause or Voluntary Termination. In the event of the termination of the Participant’s service with the Company or any Affiliate Service for Cause or for any other reason other than death, Disability, Retirement Retirement, or termination by the Company without Cause prior to the Performance Share Vesting Date, the Participant shall shall, subject to applicable laws, forfeit and the Company shall automatically reacquire all of the Performance Shares subject to the Award. The Participant shall not be entitled to any payment for such forfeited Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

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Termination for Cause or Voluntary Termination. In the event of the termination of the Participant’s service with the Company or any Affiliate Service for Cause or for any other reason other than death, Disability, Retirement or termination by the Company without Cause prior to the Performance Share Vesting Date, the Participant shall forfeit and the Company shall automatically reacquire all of the Performance Shares subject to the Award. The Participant shall not be entitled to any payment for such forfeited Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Lululemon Athletica Inc.)

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