Common use of Forfeiture on Termination Clause in Contracts

Forfeiture on Termination. Subject to Section 4 of this Agreement, if the Participant's employment with the Company terminates for any reason prior to the Vesting Date for a given portion of the Shares, the Participant shall forfeit all rights with respect to such unvested Shares, as of the date the Participant's employment terminates.

Appears in 1 contract

Sources: Restricted Share Grant Agreement (Arris Group Inc)

Forfeiture on Termination. Subject to Section 4 of this Agreement, if the Participant's employment with the Company terminates for any reason prior to the Vesting Date for a given portion of the SharesDate, the Participant shall forfeit all rights with respect to such all unvested Shares, as of the date the Participant's employment terminates.

Appears in 1 contract

Sources: Restricted Share Grant Agreement (Arris Group Inc)