Common use of Due to Resignation Clause in Contracts

Due to Resignation. In the event Grantee’s employment ends as a result of his resignation from the Corporation or any Affiliate, any Restricted Units shall be forfeited upon his termination of employment.

Appears in 2 contracts

Sources: Restricted Unit Award Agreement (Ofg Bancorp), Restricted Unit Award Agreement (Oriental Financial Group Inc)

Due to Resignation. In the event Grantee’s employment ends as a result of his resignation from the Corporation or any Affiliate, any Restricted Units Shares shall be forfeited upon his termination of employment.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Oriental Financial Group Inc)