Example ContractsClausesforfeiture of unvested rsus upon cessation of serviceVariants
Forfeiture of Unvested Rsus Upon Cessation of Service
Forfeiture of Unvested Rsus Upon Cessation of Service contract clause examples

Upon your death prior to a separation from service or following a Qualified Retirement, all of your unvested RSUs will immediately vest and, together with any related RSU dividend equivalents accrued but not yet paid, will be paid within 30 days after the date of your death.

Except as provided in the following sentence, upon your separation from service due to an involuntary termination without Cause, all of your unvested RSUs held for at least 180 days since the Grant Date will immediately vest, and all of your unvested RSUs held for less than 180 days since the Grant Date will be immediately forfeited. Upon your separation from service due to (i) disability (as defined in ’s disability plan), (ii) an involuntary termination without Cause during the Applicable Period following a Change of Control or (iii) termination of employment for Good Reason during the Applicable Period following a Change of Control, all of your unvested RSUs will immediately vest. The RSUs vested pursuant to this paragraph, together with any related RSU dividend equivalents accrued but not yet paid, will be paid on the first business day that is at least six months and one day following the applicable separation from service (or, if earlier, within 30 days after the date of your death).

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