Common use of Default Rule Clause in Contracts

Default Rule. Unless otherwise provided in Section 3(b) through (f), if the Grantee’s Continuous Service terminates for any reason or no reason, any Units that remain unvested as of the Termination Date shall be immediately canceled and forfeited by the Grantee.

Default Rule. Unless otherwise provided in Section 3(b) through (f), if the Grantee’s Continuous Service terminates for any reason or no reason, any Units that remain unvested and unearned as of the Termination Date shall be immediately canceled and forfeited by the Grantee.