Forfeiture Clause Example with 7 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. If, during the Restricted Period, (a) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment of the RSUs), (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 below, you will immediately and automatically forfeit all of your rights in respect of the RSUs.
Found in
Oak Street Health, Inc. contract
Variations of a "Forfeiture" Clause from Business Contracts
Forfeiture. If, during the Restricted Period, (a) (i) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment immediate—or continued—vesting of the RSUs), (b) Restricted Shares), (ii) you materially breach this Agreement, or (c) (iii) you fail to meet the tax withholding obligations described in Section 6 5 below, you will immediately and automatically forfeit all of your rights to any Restricted Shares will terminate...
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Forfeiture. If, during the Restricted Period, (a) (i) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning immediate—or continued—earning and payment of the RSUs), (b) (ii) you materially breach this Agreement, or (c) (iii) you fail to meet the tax withholding obligations described in Section 6 below, you will immediately and automatically forfeit all of your rights to the RSUs will terminate immediately and be forfeited in re...
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Forfeiture. If, during the Restricted Period, (a) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment vesting of the RSUs), Restricted Shares), (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 5 below, you will immediately and automatically forfeit all of your rights to any Restricted Shares will terminate immediately and be forfeited in respe...
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Found in
HBT Financial, Inc. contract
Forfeiture. If, during the Restricted Period, (a) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment of the RSUs), Service, (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 below, you will immediately and automatically forfeit all of your rights in respect of the RSUs.
Found in
DATTO HOLDING CORP. contract
Forfeiture. If, during If (a) prior to the Restricted Period, (a) applicable date of settlement of the RSUs, you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment of the RSUs), (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 8 below, you will immediately and automatically forfeit all of your rights in respect of the RSUs.
Found in
Oak Street Health, Inc. contract
Forfeiture. If, during the Restricted Period, (a) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment vesting of the RSUs), Restricted Shares), (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 5 below, you will immediately and automatically forfeit all of your rights in respect of the RSUs. Restricted Shares.
Found in
Oak Street Health, Inc. contract
Forfeiture. If, during the Restricted Period, (a) you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment of the RSUs), (b) you materially breach this Agreement, or (c) you fail to meet the tax withholding obligations described in Section 6 below, you will immediately and automatically forfeit all of your rights to the RSUs will terminate immediately and be forfeited in respect of the RSUs. their entirety.
