Forfeiture of Awarded Shares Contract Clauses (53)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Forfeiture of Awarded Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company.
Found in Paycom Software, Inc. contract
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company.
Found in AquaMed Technologies, Inc. contract
Forfeiture of Awarded Shares. Except as otherwise provided in Section 3, Awarded Shares that are not vested in accordance with Section 3 shall be forfeited on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company.
Found in Paycom Software, Inc. contract
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company.
Found in Alliqua BioMedical, Inc. contract
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Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited and shall cease to be outstanding on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company. 5. Restrictions on Awarded Shares. The Participant shall not be perm...itted to sell, transfer, pledge, hypothecate, margin, assign or otherwise encumber any of the Non-Vested Shares until such shares become Vested Shares in accordance with Section 3. The Committee may in its sole discretion, remove any or all of such restrictions (or any other restrictions contained herein) on any Awarded Shares whenever it may determine that, by reason of changes in applicable law or changes in circumstances after the date of this Agreement, such action is appropriate. View More
Found in Paycom Software, Inc. contract
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited and shall cease to be outstanding on the earlier of (i) the sixth (6th) anniversary of the Date of Grant, or (ii) the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company. [The Company [shall be obligated to] / [may, in its sole discretion,... elect to] pay the Participant, as soon as practicable after the event causing forfeiture, in cash, an amount equal to the lesser of the total consideration paid by the Participant for such forfeited shares or the Fair Market Value of such forfeited shares as of the date of Termination of Service. ]2 5. Restrictions on Awarded Shares. The Subject to the provisions of the Plan and the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and are no longer subject to forfeiture in accordance with Section 4 (the "Restriction Period"), the Participant shall not be permitted to sell, transfer, pledge, hypothecate, margin, assign assign, or otherwise encumber any of the Non-Vested Awarded Shares until such shares become Vested Shares in accordance with Section 3. The that have not vested. Except for these limitations, the Committee may may, in its sole discretion, remove any or all of the restrictions on such restrictions (or any other restrictions contained herein) on any Awarded Shares whenever it may determine that, by reason of changes in applicable law Applicable Laws or changes in circumstances after the date of this Agreement, such action is appropriate. View More
Found in Akers Biosciences, Inc. contract
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