Forfeiture of PRSUs Contract Clauses (20)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Forfeiture of PRSUs clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).
Found in TimkenSteel Corporation contract
Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee the Holder ceases to be an employee of the Company or a Subsidiary and its Subsidiaries prior to the end of the Performance Period for any reason other than as described in Section 4).
Found in SITE Centers Corp. contract
Forfeiture of PRSUs. Any PRSUs that have not Vested pursuant to Section 3 or Section 4 at the end of the Performance Period will be forfeited automatically and without further notice after the end of the Performance Period (or earlier if, and on such date that, Grantee ceases to be an employee NAI-1511148714v9-6- of the Company or a Subsidiary prior to the end of the Performance Period for any reason other than as described in Section 4).
Found in TimkenSteel Corporation contract
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Forfeiture of PRSUs. The PRSUs will be forfeited automatically and without further notice (a) immediately to the extent the PRSUs have not Vested pursuant to Section 3 or Section 4 of the year following the year in which the Performance Period ends or (b) upon the date Grantee ceases to be an employee of the Company or a Subsidiary prior to the date payment for the Vested PRSUs is made for any reason (other than as described in Section 4).
Found in Timken Co contract
Forfeiture of PRSUs. The PRSUs will be forfeited automatically and without further notice (a) immediately to the extent the PRSUs have not Vested pursuant to Section 3 or Section 4 by March 15th of the year following the year in which the Performance Period ends (ends, or (b) upon the date date, Grantee ceases to be an employee of the Company or a Subsidiary prior to the date payment for the Vested PRSUs is made for any reason (other than as described in Section 4).
Found in Timken Co contract
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