Termination of Services Clause Example from Business Contracts

This example Termination of Services clause appears in 5 contracts from 4 companies

Termination of Services. If the Grantee's service as a Director terminates for any reason (other than death or disability) prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted Stoc...k Units. View More