Common use of Continuance of Service Clause in Contracts

Continuance of Service. Except as otherwise provided herein or in the Plan, the vesting schedule applicable to this option requires continued service through each applicable vesting date as a condition to the vesting of the applicable installment of this option and the rights and benefits under the Plan. Service for only a portion of a vesting period, even if substantial, will not entitle the Director to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of service as a Board member.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Quicksilver Resources Inc)

Continuance of Service. Except as otherwise provided herein or in the Plan, the The vesting schedule applicable to this option requires continued service through each the applicable vesting date as a condition to the vesting of the applicable installment of this option the Award and the rights and benefits under the Planthis Agreement. Service for only a portion of a the vesting period, even if substantiala substantial portion, will not entitle the Director to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of service services as a Board memberprovided in Section 8 below or under the Plan.

Appears in 1 contract

Sources: Restricted Share Unit Award Agreement (Norwegian Cruise Line Holdings Ltd.)

Continuance of Service. Except as otherwise provided herein or in the Plan, the vesting schedule applicable to this option grant of Restricted Shares requires continued service through each applicable the vesting date as a condition to the vesting of the applicable installment of this option and the rights and benefits under the PlanRestricted Shares. Service for only a portion of a the vesting period, even if substantial, will not entitle the Director to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of service as a Board member.

Appears in 1 contract

Sources: Restricted Share Agreement (Quicksilver Resources Inc)