Continuous Service Requirement. No Performance Units shall be earned or paid unless the Participant has remained in Service continuously until the Payout Event. If the Participant’s Service terminates for any reason prior to a Payout Event (except as described in Section 5(e)), the Participant’s Performance Units shall be forfeited and shall not be considered earned under this Section 5 and the Participant shall not be entitled to any payment in connection with the Award.
Appears in 2 contracts
Sources: Performance Unit Award Agreement, Performance Unit Award Agreement (Eloyalty Corp)