Example ContractsClausesforfeitureVariants
Remove:

Forfeiture. Except to the extent the RSUs covered by this Agreement have become nonforfeitable pursuant to [Section 4] or [Section 5] hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, on the date of Grantee’s termination of continuous service.

Forfeiture. Except to

You understand and agree that, as a condition of the extentgrant of the RSUs, except as provided for in [Section 2] of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs covered by this Agreementthat have become nonforfeitable pursuant to [Section 4] or [Section 5] hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement,not vested on the date of Grantee’s termination of continuous service.your termination.

Forfeiture. Except to the extent the

The RSUs covered byshall expire, terminate and be forfeited upon Participant’s Termination of Services for any reason, except as otherwise explicitly provided in this Agreement have become nonforfeitable pursuant to [Section 4] and/or [Section 5] hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, on the date of Grantee’s termination of continuous service.Plan.

Forfeiture. Except

Upon termination of the Grantee’s employment or service for any reason other than death or Disability, except as provided in [Section 19] of the Plan, the Grantee will forfeit all RSUs that, at the time of termination of employment or service, remain subject to the extent the RSUs coveredPeriod of Restriction imposed by [Section 2] of this Agreement have become nonforfeitable pursuant to [Section 4] or [Section 5] hereof, the RSUs covered by this Agreement shall be forfeited automatically and without further notice, and shall no longer be considered covered by this Agreement, on the date of Grantee’s termination of continuous service.Agreement.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.