Forfeiture Clause Example with 5 Variations from Business Contracts

This page contains Forfeiture clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Forfeiture. Subject to Section 6 hereof, if during the Restricted Period (i) the Grantee incurs a Separation from Service, (ii) there occurs a material breach of the Notice or these Terms and Conditions by the Grantee, or (iii) the Grantee fails to meet the tax withholding obligations described in Section 5(b) hereof, all rights of the Grantee to the Units that have not vested in accordance with Section 3 as of the date of such termination shall terminate immediately and be forfeited in their entirety.
Found in Primo Water Corp contract

Variations of a "Forfeiture" Clause from Business Contracts

Forfeiture. Subject to Section 6 hereof, if If during the Restricted Period (i) the Grantee Participant incurs a Separation from Service, Termination of Service with the Company for any reason, (ii) there occurs a material breach of the Notice or these Terms and Conditions by the Grantee, Participant, or (iii) the Grantee Participant fails to meet the tax withholding obligations described in Section 5(b) 5(a) hereof, all rights of the Grantee Participant to the Stock Units that have not vested in accordance... with Section 3 the schedule set forth in the Notice or otherwise in accordance with this Agreement as of the date of such termination event shall terminate immediately and be forfeited in their entirety. View More
Found in Natural Grocers by Vitamin Cottage, Inc. contract
Forfeiture. Subject to Section 6 hereof, if If, during the Restricted Period Period, (i) the Grantee incurs a Separation from Service, (ii) there occurs a material breach of the Notice or these Terms and Conditions Award Agreement by the Grantee, Grantee or (iii) the Grantee fails to meet the tax withholding obligations described in Section 5(b) hereof, 7 below, all rights of the Grantee to the Units DSUs that have not vested in accordance with Section Sections 3 as of the date of such termination or 4 abov...e shall terminate immediately and be forfeited in their entirety. View More
Found in Anika Therapeutics contract
Forfeiture. Subject to Section 6 hereof, if If, during the Restricted Period Period, (i) the Grantee incurs a Separation from Service, (ii) there occurs a material breach of the Notice or these Terms and Conditions Award Agreement by the Grantee, Grantee or (iii) the Grantee fails to meet the tax withholding obligations described in Section 5(b) hereof, 7 below, all rights of the Grantee to the Units RSUs that have not vested in accordance with Section Sections 3 as of the date of such termination or 4 abov...e shall terminate immediately and be forfeited in their entirety. View More
Found in Anika Therapeutics contract
Forfeiture. Subject to Section 6 hereof, if during the Restricted Period (i) the Grantee Participant incurs a Separation from Termination of Service, (ii) there occurs a material breach of the Notice or these Terms and Conditions by the Grantee, Participant, or (iii) the Grantee Participant fails to meet the tax withholding obligations described in Section 5(b) hereof, all rights of the Grantee Participant to the Units that have not vested in accordance with Section 3 as of the date of such termination shal...l terminate immediately and be forfeited in their entirety. View More
Found in MOVING iMAGE TECHNOLOGIES INC. contract
Forfeiture. Subject to Section 6 hereof, if If, during the Restricted Period Period, (i) the Grantee incurs a Separation from Service, (ii) there occurs a material breach of the Notice or these Terms and Conditions Award Agreement by the Grantee, Grantee or (iii) the Grantee fails to meet the tax withholding obligations described in Section 5(b) hereof, 6 below, all rights of the Grantee to the Units RSUs that have not vested in accordance with Section 3 as of the date of such termination above shall termin...ate immediately and be forfeited in their entirety. View More
Found in ENDRA Life Sciences Inc. contract