Forfeiture of Restricted Shares Contract Clauses (34)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Forfeiture of Restricted Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Forfeiture of Restricted Shares. Subject to Section 4(b) and the terms of any then-effective written employment or severance agreement between you and the Company, if your Service terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the Restrictions, you will immediately forfeit all unvested Restricted Shares, which shall be returned to the Company for cancellation.
Found in NORTHERN OIL & GAS, INC. contract
Forfeiture of Restricted Shares. Subject to Section 4(b) and the terms of any then-effective written employment or severance agreement between you and the Company, if your Service terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to to3 the Restrictions, you will immediately forfeit all unvested Restricted Shares, which shall be returned to the Company for cancellation. In addition, at such time as the Compensation Committee determines performance re...lative to the performance-based vesting conditions as described on Exhibit A hereto, any Restricted Shares that may no longer vest as a result of the level of performance that has been achieved shall be immediately forfeited and returned to the Company for cancellation. View More
Found in NORTHERN OIL & GAS, INC. contract
Forfeiture of Restricted Shares. Subject to Section 4(b) and the terms of any then-effective written employment or severance agreement between you and the Company, 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the Restrictions, transfer restrictions, you will immediately forfeit all unvested Restricted Shares, which Shares. Any Restricted Shares that are forfeited shall be returned to the C...ompany for cancellation. View More
Found in Surmodics, Inc. contract
View Variations (2)
Forfeiture of Restricted Shares. The Restricted Shares (and any related accumulated dividends) that have not yet vested pursuant to Section 2(a) shall be forfeited automatically without further action or notice if Grantee's Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as provided pursuant to Section 2(b).
Found in SQL Technologies Corp. contract
Forfeiture of Restricted Shares. The Restricted Shares (and any related accumulated dividends) that have not yet vested pursuant to Section 2(a) shall be forfeited automatically without further action or notice if the Grantee's Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as provided pursuant to Section 2(b).
Found in 1347 Property Insurance Holdings, Inc. contract
View Variation
Forfeiture of Restricted Shares. (a) The Restricted Shares may not be sold, pledged or otherwise transferred until the Restricted Shares become vested in accordance with Paragraph 1 hereof. The period of time between the Grant Date and the date Restricted Shares become vested is referred to herein as the "Restriction Period" for each of such shares. (b) If service for the Company as a Director is terminated by the Company or the Holder for any reason (other than death or Disability), the balance of the Restricted Shares that ha...ve not vested at the time of the Holder's termination of service shall, except to the extent the Plan Administrator determines otherwise, be forfeited by the Holder and shall automatically be transferred and returned to the Company. View More
Found in CRA INTERNATIONAL, INC. contract
Forfeiture of Restricted Shares. (a) The Restricted Shares may not be sold, pledged or otherwise transferred until the Restricted Shares become vested in accordance with Paragraph 1 hereof. The period of time between the Grant Date and the date Restricted Shares become vested is referred to herein as the "Restriction Period" for each of such shares. (b) If employment with or service for the Company as a Director an employee or independent contractor is terminated by the Company or the Holder for any reason (other than death or ...Disability), disability), the balance of the Restricted Shares that have not vested at the time of the Holder's termination of employment or service shall, except to the extent the Plan Administrator determines otherwise, be forfeited by the Holder and shall automatically be transferred and returned to the Company. View More
Found in CRA INTERNATIONAL, INC. contract
View Variation
Forfeiture of Restricted Shares. Subject to the terms and conditions set forth herein, if Grantee terminates employment with the Company and all Subsidiaries prior to the Vesting Date for Restricted Shares, Grantee shall forfeit any such Restricted Shares which have not vested prior to or as of such termination of employment. Upon a forfeiture of the Restricted Shares as provided in this Paragraph 4, the Restricted Shares shall be deemed canceled.
Found in BRANDYWINE OPERATING PARTNERSHIP, L.P. contract
Forfeiture of Restricted Shares. Subject to the terms and conditions set forth herein, in Paragraph 3, if Grantee terminates Grantee's employment with the Company and all Subsidiaries terminates (whether at the election of the Company or Grantee) prior to the Vesting Date for Restricted Shares, Grantee shall forfeit any such Restricted Shares which have not vested prior to or as of such termination of employment. Upon a forfeiture of the Restricted Shares as provided in this Paragraph 4, the Restricted Shares shall be deemed ca...nceled. View More
Found in BRANDYWINE OPERATING PARTNERSHIP, L.P. contract
View Variation