Common use of Termination of RSUs Clause in Contracts

Termination of RSUs. If the Executive’s continuous employment with the Company and its Subsidiaries is terminated without Cause or for Good Reason prior to both the vesting of all RSUs granted pursuant to this Agreement and the occurrence of a Change in Control, then all RSUs that have not vested as of the sixty-first day following such termination (after taking into consideration any vesting that may occur in connection with the Executive’s death or Disability or upon a Change in Control occurring within the first sixty days following such termination), shall automatically be forfeited and canceled without payment of consideration therefor on the sixty-first day following such termination. If the Executive’s continuous employment with the Company and its Subsidiaries is terminated under circumstances other than those described in the immediately preceding sentence and prior to the vesting of all RSUs granted pursuant to this Agreement, then all RSUs that have not vested as of such termination (after taking into consideration any vesting that may occur in connection with the Executive’s death, Disability or termination of employment) shall automatically be forfeited and canceled without payment of consideration therefor.