Common use of Termination of Employment; Forfeiture or Acceleration of Restricted Stock Units Clause in Contracts

Termination of Employment; Forfeiture or Acceleration of Restricted Stock Units. Upon the effective date of the termination of Participant’s Service before the Vesting Date, or upon a breach of Section 6 herein, the Restricted Stock Units shall immediately be forfeited without consideration or future action being required of F.N.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (FNB Corp/Pa/), Restricted Stock Unit Award Agreement (FNB Corp/Pa/)

Termination of Employment; Forfeiture or Acceleration of Restricted Stock Units. Upon the effective date of the termination of Participant’s Service before the an applicable Scheduled Vesting Date, or upon a breach of Section 6 7 herein, the all unvested Restricted Stock Units shall immediately be forfeited without consideration or future action being required of F.N.

Appears in 1 contract

Sources: Time Based Restricted Stock Unit Award Agreement (FNB Corp/Pa/)