Common use of Terminations of Service Clause in Contracts

Terminations of Service. Except as otherwise provided in Section 2(d) below, upon the occurrence of a termination of the Participant’s Service for any reason, all outstanding and unvested PSUs shall immediately be forfeited and cancelled, and the Participant shall not be entitled to any compensation or other amount in respect thereof.

Appears in 1 contract

Sources: Performance Stock Unit Award Agreement (Volt Information Sciences, Inc.)

Terminations of Service. Except as otherwise provided in Section 2(d) below, upon the occurrence of a termination of the Participant’s Service for any reason, all outstanding and unvested PSUs (including any Eligible Units) shall immediately be forfeited and cancelled, and the Participant shall not be entitled to any compensation or other amount in respect thereof.

Appears in 1 contract

Sources: Performance Stock Unit Award Agreement (Volt Information Sciences, Inc.)