Example ContractsClausesforfeiture provisionsVariants
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Conditions of Forfeiture. Subject to the provisions of [Section 4] hereof, the Units are subject to forfeiture by Participant at any time during the applicable Restriction Period immediately upon termination of Participant’s employment with the Company or a Subsidiary. Upon any such forfeiture, all rights of Participant with respect to the forfeited Units shall terminate and Participant shall have no further interest of any kind therein.

Conditions of Forfeiture. Subject to the provisions of [Section 4] hereof, the Units are subject to forfeiture by Participant at any time during the applicable RestrictionPerformance Period immediately upon termination of Participant’s employment with the Company or a Subsidiary. Upon any such forfeiture, all rights of Participant with respect to the forfeited Units shall terminate and Participant shall have no further interest of any kind therein.

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