Common use of Effect of Termination of Service Clause in Contracts

Effect of Termination of Service. In the event of the Participant’s termination of employment and service with ▇▇▇▇▇, the Company and their Subsidiaries for any reason, all RSUs that have not vested as of the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Appears in 3 contracts

Sources: Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.), Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.), Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.)

Effect of Termination of Service. In the event of the Participant’s termination of employment and service with ▇▇▇▇▇GRECO, the Company and their Subsidiaries for any reason, all RSUs that have not vested as of the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Appears in 2 contracts

Sources: Restricted Share Unit Agreement (Peakstone Realty Trust), Restricted Stock Unit Agreement (Peakstone Realty Trust)

Effect of Termination of Service. In the event of the Participant’s termination of employment and service with ▇▇▇▇▇, the Company and their its Subsidiaries for any reason, all RSUs that have not vested as of the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Peakstone Realty Trust)

Effect of Termination of Service. In Unless otherwise determined by the Committee or the Board, in the event of the Participant’s termination of employment and service with ▇▇▇▇▇, the Company and their Subsidiaries for any reason, all RSUs that have not vested as of the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Peakstone Realty Trust)

Effect of Termination of Service. In Except as otherwise provided in an employment, consulting or other written agreement between the event Participant and the Company or any of its Affiliates, if the Participant’s termination of employment and service with ▇▇▇▇▇, the Company and their Subsidiaries terminates prior to the applicable Vesting Date for any reason, all the unvested RSUs that have not vested as of shall be forfeited without consideration to the Participant on the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUsservice.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Intermedia Outdoor Holdings, Inc.)

Effect of Termination of Service. In Except as otherwise provided below (or as otherwise provided in an employment, consulting or other written agreement between the event Participant and the Company or any of its Subsidiaries), if the Participant’s termination of employment and service with ▇▇▇▇▇the Company is terminated, the Company and their Subsidiaries for unvested portion of any reason, all RSUs that have not vested as of shall be forfeited without consideration to the Participant on the date of such termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUsservice.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Hc2 Holdings, Inc.)

Effect of Termination of Service. In the event of the Participant’s termination Termination of employment and service with ▇▇▇▇▇, the Company and their Subsidiaries Service for any reason, any and all Unvested RSUs that have not vested as of the date of such termination Termination of employment or service (after taking into account any accelerated vesting that occurs in connection with such termination) shall Service will automatically and without further action be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such Unvested RSUs. No RSUs which have not vested as of the date of the Participant’s Termination of Service shall thereafter become vested RSUs.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Lineage, Inc.)