Common use of Vesting of Units Clause in Contracts

Vesting of Units. Subject to Sections 3, 4 and 5 below, the Award shall vest in accordance with the schedule set forth in the Notice and shall immediately cease to vest upon the date the Grantee’s Continuous Service is terminated for any or no reason (such date, the “Termination Date”), with any Units that remain unvested and unearned as of the Termination Date to be immediately cancelled and forfeited by the Grantee.

Appears in 2 contracts

Sources: Performance Stock Unit Award Agreement (Dow Inc.), Performance Stock Unit Award Agreement (Dow Holdings Inc.)

Vesting of Units. Subject to Sections 3, 4 and 5 below, the Award Units shall vest in accordance with the vesting schedule set forth in the Notice and shall immediately cease to vest upon the date the Grantee’s Continuous Service is terminated for any or no reason (such date, the “Termination Date”), with any Units that remain unvested and unearned as of the Termination Date to be immediately cancelled and forfeited by the Grantee.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Dow Inc.), Restricted Stock Unit Award Agreement (Dow Holdings Inc.)

Vesting of Units. Subject to Sections 3, 4 4, and 5 below, the Award shall vest in accordance with the schedule set forth in the Notice and shall immediately cease to vest upon the date the Grantee’s Continuous Service is terminated for any or no reason (such date, the “Termination Date”), with any Units that remain unvested and unearned as of the Termination Date to be immediately cancelled and forfeited by the Granteetreated as set forth in Section 3, below.

Appears in 1 contract

Sources: Performance Stock Unit Award Agreement (Dow Chemical Co /De/)

Vesting of Units. Subject to Sections 3, 4 and 5 below, the Award Units shall vest in accordance with the vesting schedule set forth in the Notice and shall immediately cease to vest upon the date the Grantee’s Continuous Service is terminated ends for any or no reason (such date, the “Termination Separation Date”), with any Units that remain unvested and unearned as of the Termination Separation Date to be immediately cancelled and forfeited by the Grantee.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Dow Inc.)

Vesting of Units. Subject to Sections 3, 4 4, and 5 below, the Award Units shall vest in accordance with the vesting schedule set forth in the Notice and shall immediately cease to vest upon the date the Grantee’s Continuous Service is terminated for any or no reason (such date, the “Termination Date”), with any Units that remain unvested and unearned as of the Termination Date to be immediately cancelled and forfeited by the Granteetreated as set forth in Section 3, below.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Dow Chemical Co /De/)