Example ContractsClausesautomatic receipt of phantom sharesVariants
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Termination of Service for Cause. Unless otherwise provided in the applicable Award Agreement and subject to [clause (2)] below, if the Grantee has a Termination of Service for Cause, all of the Grantee's Phantom Shares (whether or not such Phantom Shares are otherwise vested) shall thereupon, and with no further action, be forfeited by the Grantee and cease to be outstanding, and no payments shall be made with respect to such forfeited Phantom Shares.

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Termination of Service for Death, Disability or Retirement of Grantee or by the Company for Any Reason Other than Cause. Unless otherwise provided in the applicable Award Agreement and subject to [clause (2)] below, ifAgreement, in the event the Grantee has a Termination of Service on account of his or her death, Disability or Retirement, or the Grantee has a Termination of Service by the Company for any reason other than Cause, all of the Grantee'soutstanding Phantom Shares (whether or not such Phantom Shares are otherwise vested) shall thereupon, and with no further action, be forfeited by the Grantee and cease to be outstanding, and no payments shall be made with respectgranted to such forfeited Phantom Shares.Grantee shall become immediately vested.

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Termination of Service for Cause. Unless otherwise provided

Except as contemplated above, in the applicable Award Agreement and subject to [clause (2)] below, if theevent that a Grantee has a Termination of Service for Cause,Service, any and all of the Grantee's Phantom Shares (whetherwhich have not vested prior to or notas of such Phantom Shares are otherwise vested)termination shall thereupon, and with no further action, be forfeited by the Grantee and cease to be outstanding, and no paymentsthe Grantee's vested Phantom Shares shall be made with respect to such forfeited Phantom Shares.settled as set forth in [Section 10(d)].

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