Common use of Grant Acceptance Clause in Contracts

Grant Acceptance. YOU MUST ACCEPT THE TERMS OF THIS AGREEMENT WITHIN 60 DAYS OF RECEIPT. IF YOU DO NOT ACCEPT THE TERMS AS INSTRUCTED, THIS AGREEMENT WILL AUTOMATICALLY, WITHOUT FURTHER ACTION OF THE COMPANY OR THE COMMITTEE, TERMINATE AND THE AWARD WILL BE FORFEITED AT MIDNIGHT ON THE 60TH DAY.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Amerisourcebergen Corp), Restricted Stock Unit Award (Amerisourcebergen Corp)