Effect of Termination of Employment. If the Grantee’s employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 17 contracts
Sources: Restricted Stock Unit Agreement (Xylem Inc.), Restricted Stock Unit Agreement (ITT Corp), Restricted Stock Unit Agreement (ITT Corp)
Effect of Termination of Employment. If the Grantee’s 's employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 11 contracts
Sources: Restricted Stock Unit Agreement (Itt Inc.), Restricted Stock Unit Agreement (Itt Inc.), Restricted Stock Unit Agreement (Itt Inc.)
Effect of Termination of Employment. If the Grantee’s 's employment with the Company and its Affiliates is terminated for any reason and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 2 contracts
Sources: Restricted Stock Unit Agreement (ITT Corp), Restricted Stock Unit Agreement (Vectrus, Inc.)
Effect of Termination of Employment. If the Grantee’s 's employment with the Company and its Affiliates is terminated for any reason prior to December 31, 2029 and such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder (“Section 409A”), any Restricted Stock Units that are not vested at the time of such separation from service shall be immediately forfeited except as follows:
Appears in 1 contract