Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 11 contracts
Sources: Restricted Stock Unit Agreement (Lithia Motors Inc), Restricted Stock Unit Agreement (Lithia Motors Inc), Restricted Stock Unit Agreement (Lithia Motors Inc)
Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 8 contracts
Sources: Restricted Stock Unit Agreement (Lithia Motors Inc), Restricted Stock Unit Agreement (Lithia Motors Inc), Restricted Stock Unit Agreement (Lithia Motors Inc)
Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Lithia Motors Inc)
Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if If Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, and such termination does not qualify as a Qualified Retirement, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Lithia Motors Inc)
Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Lithia Motors Inc)
Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if If Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, and such termination does not qualify as a Qualified Retirement, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Appears in 1 contract
Sources: Performance Based Restricted Stock Unit Agreement (Lithia Motors Inc)