Service Termination. Except as set forth in Section 2(c) below and on Schedule 1, upon the cessation of the Participant’s services with the Company for any reason, all unvested PSUs shall be automatically forfeited as of such cessation of services. For purposes of this PSU award, services with the Company shall include services as an employee or director of, or consultant or advisor to, the Company or to a parent or subsidiary of the Company, or any successor to the Company.
Appears in 5 contracts
Sources: Performance Based Stock Unit Award Agreement (Emergent BioSolutions Inc.), Performance Based Stock Unit Award Agreement (Emergent BioSolutions Inc.), Performance Based Stock Unit Award Agreement (Emergent BioSolutions Inc.)