Common use of Forfeiture of Performance Stock Units Clause in Contracts

Forfeiture of Performance Stock Units. In the event of the Participant’s Termination of Service for any reason or no reason, except as otherwise provided in Section 2(d) and except as set forth in the following sentence of this Section 2(a), (i) the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units that remain unvested and with respect to which the Performance Period (as defined and set forth on Appendix A attached hereto) is ongoing; and (ii) the Participant will remain eligible to receive any Units with respect to which the Performance Period has been completed but that have not been settled as of the Participant’s Termination of Service, and any such Units that are vested Units (if any) shall be settled in accordance with Section 2(f). In the event of the Participant’s Termination of Service for Cause, the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units whether or not such Units relate to an ongoing or to a completed Performance Period.

Forfeiture of Performance Stock Units. In the event of the Participant’s Termination of Service for any reason or no reason, except as otherwise provided in Section 2(d) and except as set forth in the following sentence of this Section 2(a), (i) the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units that remain unvested and with respect to which the Performance Period (as defined and set forth on Appendix A attached hereto) is ongoing; and (ii) the Participant will remain eligible to receive any Units with respect to which the Performance Period has been completed but that have not been settled as of the Participant’s Termination of Service, and any such Units that are vested Units (if any) shall be settled in accordance with Section 2(f). In the event of the Participant’s Termination of Service for Cause, the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units Units, whether or not such Units relate to an ongoing or to a completed Performance Period.

Forfeiture of Performance Stock Units. In the event of the Participant’s Termination of Service Employment for any reason or no reason, except as otherwise provided in Section 2(d) and except as set forth in the following sentence of this Section 2(a), (i) the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units that remain unvested and with respect to which the Performance Period (as defined and set forth on Appendix A attached hereto) is ongoing; and (ii) the Participant will remain eligible to receive any Units with respect to which the Performance Period has been completed but that have not been settled as of the Participant’s Termination of ServiceEmployment, and any such Units that are vested Units (if any) shall be settled in accordance with Section 2(f). In the event of the Participant’s Termination of Service Employment for Cause, the Participant shall immediately forfeit, without compensation and without further action by any party, any and all Units Units, whether or not such Units relate to an ongoing or to a completed Performance Period.