Termination of Service on the Board. If an Awardee’s service on the Board terminates for any reason, the restrictions and risk of forfeiture with respect to the Restricted Stock which have not expired shall immediately expire and all shares of the Restricted Stock shall be fully vested.
Appears in 2 contracts
Sources: Restricted Stock Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc)
Termination of Service on the Board. If an Awardee’s 's service on the Board terminates for any reason, the restrictions and risk of forfeiture with respect to the Restricted Stock which have not expired lapsed shall immediately expire and all shares of the Restricted Stock shall be fully vestedtransferable.
Appears in 1 contract
Sources: Restricted Stock Award Agreement (Waddell & Reed Financial Inc)