Termination Clause Example with 6 Variations from Business Contracts

This page contains Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the Grantee's right to the Common Stock subject to this Award Agreement and still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Stock covered by this Award Agreement.
Found in PERCEPTRON INC contract

Variations of a "Termination" Clause from Business Contracts

Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the Grantee's right to the Common Restricted Stock Units subject to this Award Agreement and that are still subject to a the Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Restricted Stock Units covered by this Award Agreement.
Found in PERCEPTRON INC contract
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, reason prior to any Determination Date, the Grantee's right to the Common Stock Performance Share Units subject to the tranches of this Award Agreement tied to those Determination Dates and still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Stock Performance Share Un...its covered by this Award Agreement. View More
Found in PERCEPTRON INC contract
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the Grantee's right to the Common Restricted Stock subject to Units under this Award Agreement and that are still subject to a the Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Restricted Stock Units covered by this Award Agreement.
Found in PERCEPTRON INC contract
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the Grantee's right to the Common Restricted Stock subject to Units under this Award Agreement and still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Restricted Stock Units covered by this Award Agreement.
Found in PERCEPTRON INC contract
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the Grantee's right to the Common Restricted Stock Units subject to this Award Agreement and still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common the Restricted Stock Units covered by this Award Agreement.
Found in PERCEPTRON INC contract
Termination. Except as described in Section 2, if the Grantee's employment or services are terminated for any reason, the The Grantee's right to the Common Stock subject to this Award Agreement and still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. Grantee as described in Section 2. The Committee retains the right to accelerate or waive restrictions on Common Stock covered by this Award Agreement.
Found in PERCEPTRON INC contract