Termination Clause Example from Business Contracts

Termination. The RSUs shall terminate on the Expiration Date or earlier as provided in this Section 5. If Participant's Continuous Service Status terminates for any reason, all RSUs for which vesting is no longer possible under the terms of the Notice of Grant and this Agreement shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall immediately terminate. In case of any dispute as to whether such termination has occurred, the Committee shall have sole discretion to dete...rmine whether such termination has occurred and the effective date of such termination. View More