Vesting; Forfeiture. The RSUs shall vest in accordance with the Vesting Schedule, subject to the Participant’s continuous service with the Company and its Subsidiaries through each applicable vesting date. All unvested RSUs shall be immediately forfeited upon the Participant’s Separation from Service for any reason. All RSUs, whether vested or unvested, shall be immediately forfeited upon the Participant’s (i) Separation from Service due to the Participant’s termination by the Company or its Subsidiaries for Cause or (ii) breach of any restrictive covenants to which the Participant is subject with respect to the Company or its Affiliates (including, without limitation, those set forth in the Restrictive Covenant Agreement (as defined below)).
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Samples: Restricted Stock Unit Award Agreement (Clarios International Inc.), Restricted Stock Unit Award Agreement (Clarios International Inc.), Restricted Stock Unit Award Agreement (Clarios International Inc.)
Vesting; Forfeiture. The RSUs shall vest in accordance with the Vesting Schedule, subject to the Participant’s continuous service with Participant not having a Separation from Service prior to the Company and its Subsidiaries through each applicable vesting date. All unvested RSUs shall be immediately forfeited upon the Participant’s Separation from Service for any reason. All RSUsRSUs that have not settled, whether vested or unvested, shall be immediately forfeited upon the Participant’s (i) Separation from Service due to the Participant’s termination by the Company or its Subsidiaries for Cause (as defined below) or (ii) breach of any restrictive covenants to which the Participant is subject with respect to the Company or its Affiliates [(including, without limitation, those set forth in the Restrictive Covenant Agreement (as defined below))below))]1.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Claire's Holdings LLC), Restricted Stock Unit Award Agreement (Claire's Holdings LLC)
Vesting; Forfeiture. The RSUs shall vest in accordance with the Vesting Schedulevesting schedule, subject to the Participant’s continuous service with the Company and its Subsidiaries through each applicable vesting date. All unvested RSUs shall be immediately forfeited upon the Participant’s Separation from Termination of Service for any reason. All RSUs, whether vested or unvested, shall be immediately forfeited upon the Participant’s (i) Separation from Termination of Service due to the Participant’s termination by the Company or its Subsidiaries for Cause or (ii) breach of any restrictive covenants to which the Participant is subject with respect to the Company or its Affiliates (including, without limitation, those set forth in the Restrictive Covenant Agreement (as defined below))Affiliates.
Appears in 1 contract
Samples: Equity Incentive Plan Restricted Stock Unit Grant Agreement (PLAYSTUDIOS, Inc.)