Termination of Relationship. Subject to Paragraph 2(a), upon the termination of employment, all unvested Shares of Restricted Shares shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Agreement, “employment”, “employ”, and like terms shall be construed to include any employment or consulting relationship with the Company or its Affiliates. For purposes of this Agreement, a change from such an employment relationship to such a consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 5 contracts
Sources: Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.)
Termination of Relationship. Subject to Paragraph 2(a), upon Upon the termination of employmentthe Director’s service on the Board, all unvested Shares of Restricted Shares shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee the Director shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Agreement, “employmentservice”, “employ”, termination of service” and like terms shall be construed to include any employment or consulting relationship with the Company or its Affiliates. For purposes of this Agreement, a change from performing service on the Board to such an employment relationship to such a or consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 4 contracts
Sources: Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.)
Termination of Relationship. Subject to Paragraph 2(a), upon Upon the termination of employment, all unvested Shares of Restricted Shares shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Agreement, “employment”, “employ”, ” and like terms shall be construed to include any employment or consulting relationship with the Company or its AffiliatesSubsidiaries. For purposes of this Agreement, a change from such an employment relationship to such a consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 1 contract
Sources: Employment Agreement (LifeMD, Inc.)
Termination of Relationship. Subject to With the exception as stated in Paragraph 2(a), upon the termination of employment, all unvested Shares of Restricted Shares Stock Units shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Agreement, “employment”, “employ”, and like terms shall be construed to include any employment or consulting relationship with the Company or its Affiliates. For purposes of this Agreement, a change from such an employment relationship to such a consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (LifeMD, Inc.)
Termination of Relationship. Subject to Paragraph 2(a), upon Upon termination for Cause of the termination of employmentDirector’s service on the Board, all unvested Shares of Restricted Shares shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee the Director shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Agreement, “employmentservice”, “employ”, termination of service” and like terms shall be construed to include any employment or consulting relationship with the Company or its Affiliates. For purposes of this Agreement, a change from performing service on the Board to such an employment relationship to such a or consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 1 contract
Termination of Relationship. Subject to Paragraph 2(a), upon the termination of employment, all unvested Shares of Restricted Shares shall be automatically and irrefutably forfeited. If such forfeiture occurs, Employee shall execute and deliver to the Company any and all further documents (including an Assignment Separate From Certificate) as the Company reasonably requests to further document the forfeiture. As used in this Amended Agreement, “employment”, “employ”, and like terms shall be construed to include any employment or consulting relationship with the Company or its Affiliates. For purposes of this Amended Agreement, a change from such an employment relationship to such a consulting relationship or a relationship as a member of the Board or vice versa shall not be treated as a termination of employment.
Appears in 1 contract