Common use of Voluntary or Involuntary Termination Clause in Contracts

Voluntary or Involuntary Termination. In the event of the Participant’s voluntary or involuntary Termination of Service for any reason other than by the Company for Cause or due to death or Disability: (i) If the Participant is Retirement Eligible (as defined below), any RSUs that are not vested as of the date of such Termination of Service, as well as any Dividend Equivalents that are not vested as of the date of such Termination of Service, will vest in full. (ii) If the Participant is not Retirement Eligible, any RSUs that are not vested as of the date of such Termination of Service, as well as any Dividend Equivalents that are not vested as of the date of such Termination of Service, will be forfeited.

Appears in 2 contracts

Sources: Rsu Agreement (Integer Holdings Corp), Rsu Agreement (Integer Holdings Corp)