Forfeiture Contract Clauses (878)

Forfeiture. In the event that during the Period of Restriction the Holder ceases to be an Eligible Participant for any reason other than Holder's death, Disability, Retirement or a Change in Control, then the Holder's rights to the Restricted Stock and to any Retained Distributions shall be forfeited immediately, the Company shall transfer the certificate representing (or if the Restricted Stock is issued in uncertificated form, shall instruct the Transfer Agent to transfer) the Restricted Stock to the Comp...any and the Holder shall not have any rights whatsoever (including the right to receive any dividends and voting rights) with respect to the Restricted Stock and the Retained Distributions. View More

Forfeiture. The Award granted under this Agreement shall automatically be deemed forfeited by the Participant on _______ unless prior to such date the Participant shall have executed and delivered to the Partnership (i) this Agreement and (ii) an NDA and Assignment in favor of the Partnership (except that (ii) is not required for Participants who already have entered into (a) a written employment agreement with the Partnership, one of its subsidiaries or USA Compression Management Services, LLC or (b) a Non...disclosure and Assignment of Inventions Agreement in form satisfactory to the Partnership). View More

Forfeiture. (a) Cessation of Employment. If your employment terminates during the Performance Period and neither Section 3(b) nor Section 3(c) applies, the Performance Units and Achievement Units shall be immediately and automatically forfeited as of the date you cease to be an employee of Trustmark or its Subsidiaries. For this purpose, transfer of employment among Trustmark and its Subsidiaries is not a termination or cessation of employment. (b) Termination for Cause. If your employment is terminated for... Cause before your Performance Units or Achievement Units are settled, and notwithstanding any other provision of this Agreement, you shall immediately forfeit all Performance Units and Achievement Units, whether or not vested, and no Shares shall be issued or Dividend Equivalent (as defined below) shall be paid. View More

Forfeiture. (a) Upon the termination of Participant's employment with the Corporation or a Related Entity prior to the Performance Vesting Date, other than upon Participant's death, Disability, or Retirement (as defined herein), all shares of Performance Stock shall be forfeited. (b) Upon Participant's death or Disability, Section 4 shall apply. (c) Upon Participant's Retirement, a percentage of the Performance Stock shall be forfeited equal to: (x) the number of days remaining in the Service Period, over (...y) the total number of days in the Service Period. For purposes of this Agreement, "Retirement" shall mean the Participant terminates employment under circumstances entitling the Participant to participate in the Corporation's employee benefit programs for retirees. For clarity, shares that remain outstanding after any forfeiture under this Section 5(c) shall become Vested, if at all, only in accordance with Section 3. View More