Common use of Termination of Stock Units Upon Payment Clause in Contracts

Termination of Stock Units Upon Payment. A Stock Unit will terminate upon the payment of that Stock Unit in accordance with the terms hereof, and the Participant shall have no further rights with respect to such Stock Unit.

Appears in 9 contracts

Sources: Restricted Stock Unit Award Agreement (American States Water Co), Restricted Stock Unit Award Agreement (Golden State Water CO), Restricted Stock Unit Award Agreement (Golden State Water CO)