Common use of Termination of Service as a Director Clause in Contracts

Termination of Service as a Director. a) If the Non-Employee Director’s service as a director of the Company is terminated by the Non-Employee Director for any reason other than those described in clauses (b) and (c) below prior to the Vesting Date, then the RSUs covered by the Award and all Retained Distributions relating thereto shall be completely forfeited on the date of any such termination of service.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Time Warner Inc.), Restricted Stock Units Agreement (Time Warner Inc.), Restricted Stock Units Agreement (Time Warner Inc.)

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Termination of Service as a Director. a) If the Non-Employee Director’s service as a director of the Company is terminated by the Non-Employee Director for any reason other than those described in clauses (b) and (c) below prior to the Vesting Dateannual meeting of the stockholders of the Company next following the Date of Grant, then the RSUs covered by the Award and all Retained Distributions relating thereto shall be completely forfeited on the date of any such termination of service.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Time Inc.), Restricted Stock Units Agreement (Time Inc.)

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Termination of Service as a Director. (a) If the Non-Employee Director’s service as a director of the Company is terminated by the Non-Employee Director for any reason other than those described in clauses clause (b) and (c) below prior to the Vesting DateDate with respect to any portion of the Award, then the RSUs covered by any such portion of the Award and all Retained Distributions relating thereto shall be completely forfeited on the date of any such termination of service.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Time Warner Inc.)

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