Forfeiture of Restricted Stock Contract Clauses (42)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Forfeiture of Restricted Stock clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Forfeiture of Restricted Stock. Upon your voluntary separation from service on the Board for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.
Found in Quorum Health Corporation contract
Forfeiture of Restricted Stock. Upon the termination of your voluntary separation from service on employment by you, the Board Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.
Found in Quorum Health Corporation contract
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Forfeiture of Restricted Stock. If any of your Restricted Stock is forfeited as provided for in Paragraph 5, such forfeiture shall be immediate, and forfeited Restricted Stock (including any cash dividends or liquidation payments for which the record date occurs on or after the date of the forfeiture, and any noncash dividends or noncash distributions with respect to Restricted Stock that is forfeited), and all of your rights to and interest in the forfeited Restricted Stock shall terminate without payment of consideration. Fo...rfeited Restricted Stock shall be reconveyed to the Corporation, and you agree to promptly take such action and sign such documents as the Corporation may request to facilitate such reconveyance to the Corporation. View More
Found in Sterling Bancorp, Inc. contract
Forfeiture of Restricted Stock. If any of your Restricted Stock is forfeited as provided for in Paragraph 5, such forfeiture shall be immediate, and forfeited Restricted Stock (including any cash dividends or liquidation payments for which the record date occurs on or after the date of the forfeiture, and any noncash dividends or noncash distributions with respect to Restricted Stock that is forfeited), and all of your rights to and interest in the forfeited Restricted Stock shall terminate without payment of consideration. Fo...rfeited Restricted Stock shall be reconveyed to the Corporation, Company, and you agree to promptly take such action and sign such documents as the Corporation Company may request to facilitate such reconveyance to the Corporation. Company. 3 7. Restricted Stock Not Transferable. Unless the Committee otherwise consents or permits, neither the Restricted Stock, nor any interest in the Restricted Stock, may be sold, exchanged, transferred, pledged, assigned, or otherwise alienated or hypothecated during the Restricted Period except by will or the laws of descent and distribution, and all of your rights with respect to the Restricted Stock shall be exercisable during your lifetime only by you, or your guardian or legal representative. Any attempted action in violation of this paragraph shall be null, void, and without effect. View More
Found in MERCANTILE BANK CORP contract
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Forfeiture of Restricted Stock. All unvested shares of Restricted Stock shall immediately be forfeited to the Company and cease to be outstanding upon the termination of the Participant's service under the Consulting Agreement. The Participant acknowledges that neither the Participant nor the Participant's estate will have any claim whatsoever against the Company or any Subsidiary related to any forfeiture of the Restricted Stock.
Found in SELECT MEDICAL CORP contract
Forfeiture of Restricted Stock. All unvested shares of Restricted Stock shall immediately be forfeited to the Company and cease to be outstanding upon the termination of the Participant's service under as a member of the Consulting Agreement. Board of Directors of the Company. The Participant acknowledges that neither the Participant nor the Participant's estate will have any claim whatsoever against the Company or any Subsidiary related to any forfeiture of the Restricted Stock.
Found in SELECT MEDICAL CORP contract
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