Common use of Forfeiture upon Termination of Status as a Service Provider Clause in Contracts

Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Award Agreement, but subject to the vesting provisions set forth in this Award Agreement and Section 4 above, the balance of the Restricted Stock Units that have not vested at the time of Participant’s termination as a Service Provider for any reason will be forfeited (with no consideration due to Participant) and Participant will have no further rights thereunder.

Appears in 5 contracts

Sources: Global Time Vested Restricted Stock Unit Award Agreement (Amkor Technology, Inc.), Global Time Vested Restricted Stock Unit Award Agreement (Amkor Technology, Inc.), Global Time Vested Restricted Stock Unit Award Agreement (Amkor Technology, Inc.)