Common use of Effect of Certain Terminations of Employment Clause in Contracts

Effect of Certain Terminations of Employment. If Participant’s status as a Service Provider is terminated by the Company, a Parent or Subsidiary without Cause, all Restricted Shares which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the Period of Restriction with respect to such Restricted Shares shall lapse, as of the date of the termination of Participant as a Service Provider by the Company, a Parent or Subsidiary without Cause.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (NuZee, Inc.), Restricted Stock Award Agreement (NuZee, Inc.)

Effect of Certain Terminations of Employment. If Participant’s status as a Service Provider is terminated by the Company, a Parent or Subsidiary Company without Cause, all Restricted Shares which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the Period of Restriction with respect to such Restricted Shares shall lapse, as of the date of the termination of Participant as a Service Provider by the Company, a Parent or Subsidiary without CauseProvider.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (NuZee, Inc.)