Forfeiture Risk Contract Clauses (36)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Forfeiture Risk clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Forfeiture Risk. If the Participant ceases to be an employee of the Company and its Affiliates ("Affiliate(s)") for any reason, including death, any then outstanding and unvested Shares acquired by the Participant hereunder shall be automatically and immediately forfeited. The Participant hereby (i) appoints the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any such shares that are unvested and forfei...ted hereunder, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to unvested Shares hereunder, one or more stock powers, endorsed in blank, with respect to such Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer or forfeiture of any unvested Shares that are forfeited hereunder. View More
Found in Hercules Capital, Inc. contract
Forfeiture Risk. If the Participant ceases to be an employee a Non-employee Director of the Company and its Affiliates ("Affiliate(s)") subsidiaries for any reason, including death, any then outstanding and unvested Shares acquired by the Participant hereunder shall be automatically and immediately forfeited. The Participant hereby (i) appoints the Company as the attorney-in-fact of the Participant to take such actions as may be necessary or appropriate to effectuate a transfer of the record ownership of any suc...h shares that are unvested and forfeited hereunder, (ii) agrees to deliver to the Company, as a precondition to the issuance of any certificate or certificates with respect to unvested Shares hereunder, one or more stock powers, endorsed in blank, with respect to such Shares, and (iii) agrees to sign such other powers and take such other actions as the Company may reasonably request to accomplish the transfer or forfeiture of any unvested Shares that are forfeited hereunder. View More
Found in Hercules Capital, Inc. contract
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Forfeiture Risk. If the undersigned ceases to be an employee of the Company and its Affiliates for any reason, other than as provided in Section 7 below, any then outstanding and unvested RSUs shall be automatically and immediately forfeited with no compensation due to the undersigned.
Found in Hercules Capital, Inc. contract
Forfeiture Risk. If the undersigned ceases to be an employee of the Company and its Affiliates affiliates for any reason, other than as provided in Section 7 6 below, any then outstanding and unvested RSUs the Award shall be automatically and immediately forfeited with no compensation due to the undersigned.
Found in Hercules Capital, Inc. contract
View Variation