Restrictions Forfeiture Contract Clauses (73)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Restrictions Forfeiture clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Restrictions Forfeiture. The Restricted Stock Units are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as contemplated in Section 6 or 7 of this Agreement and Stock is issued to you as described in Section 5 of this Agreement. The Restricted Stock Units are also restricted in the sense that they may be forfeited to the Company (the "Forfeiture Restrictions").
Found in TRECORA RESOURCES contract
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Restrictions Forfeiture. The Restricted Stock Units are restricted in that they may not be sold, transferred transferred, or otherwise alienated or hypothecated until these restrictions are removed or expire as contemplated in Section 6 or 7 5 of this Agreement and as described in the Notice of Grant, and Stock is issued to you Participant as described in Section 5 4 of this Agreement. The Restricted Stock Units are also restricted in the sense that they may be forfeited to the Company (the "Forfeiture Restrictions").
Found in TPG Pace Tech Opportunities Corp. contract
Restrictions Forfeiture. The Restricted Stock Units are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as contemplated in Section 6 or 7 of this Agreement and Stock is issued Shares or cash are distributed to you as described in Section 5 of this Agreement. The Restricted Stock Units are also restricted in the sense that they may be forfeited to the Company (the "Forfeiture Restrictions").
Found in Venator Materials PLC contract
Restrictions Forfeiture. The Restricted Stock Units are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as contemplated in Section 6 or Section 7 of this Agreement and as described in the Notice of Grant and Stock is issued to you as described in Section 5 of this Agreement. The Restricted Stock Units are also restricted in the sense that they may be forfeited to the Company (the "Forfeiture Restrictions").
Found in Parsley Energy, Inc. contract
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Restrictions Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the "Forfeiture Restrictions"). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares t...o the Company's transfer agent for, at the Company's election, cancellation or transfer to the Company. View More
Found in Brazos Valley Longhorn, L.L.C. contract
Restrictions Forfeiture. The Restricted Shares are Stock under the Award is restricted in that they it may not be sold, transferred or otherwise alienated or hypothecated until these the restrictions enumerated in this Agreement and the Plan are removed or expire as described contemplated in Section 5 or 6 of this Agreement. The Restricted Shares are Stock is also restricted in the sense that they it may be forfeited to the Company (the "Forfeiture Restrictions"). You hereby agree that if the Restricted Shares are Stock... is forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares Stock to the Company's transfer agent for, at the Company's election, cancellation or transfer to the Company. View More
Found in REATA PHARMACEUTICALS INC contract
Restrictions Forfeiture. The Restricted Shares are Stock subject to the Award is restricted in that they it may not be sold, transferred or otherwise alienated or hypothecated until these the restrictions enumerated in this Agreement and in the Plan are removed or expire lapse as described contemplated in Section 5 or 6 of this Agreement. The Restricted Shares are Stock is also restricted in the sense that they it may be forfeited to the Company (the "Forfeiture Restrictions"). You The Grantee hereby agree agrees that i...f the Restricted Shares are Stock is forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares Stock to the Company's transfer agent for, at the Company's election, cancellation or transfer to the Company. View More
Found in Centennial Resource Development, Inc. contract
Restrictions Forfeiture. The Restricted Shares are Stock under the Award is restricted in that they it may not be sold, transferred or otherwise alienated or hypothecated until these the restrictions enumerated in this Agreement and the Plan are removed or expire as described contemplated in Section 5 or 6 of this Agreement. The Restricted Shares are Stock is also restricted in the sense that they it may be forfeited to the Company (the "Forfeiture Restrictions"). You hereby agree that if the Restricted Shares are Stock... is forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares Stock to the Company's transfer agent for, at the Company's election, cancellation or transfer to the Company. View More
Found in SABINE OIL & GAS CORP contract
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Restrictions Forfeiture. The RSUs are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until Shares are issued pursuant to Section 6 following the removal or expiration of the restrictions as contemplated in Section 5 of this Agreement and as described in the Notice of Grant. In the event you cease to serve as a member of the Board, other than as a result of death, Disability, or Retirement, the RSUs that are not vested on the date of such cessation of service shall be immediat...ely forfeited unless the Committee, in its sole discretion, otherwise elects to accelerate the vesting of such RSUs.5. Expiration of Restrictions and Risk of Forfeiture. The restrictions on the RSUs granted pursuant to this Agreement will expire and the RSUs will become nonforfeitable as set forth in the Notice of Grant, provided that you remain a member of the Board until the applicable dates and times set forth therein. RSUs that have become vested and non-forfeitable as provided in this Agreement are referred to herein as "Vested." 6. Issuance of Stock. Shares shall be issued to you in settlement of your RSUs to the extent your Award is Vested within 30 days following the date or event that caused the Award to become Vested. At the time of settlement, the Company shall cause to be issued Shares registered in your name in payment of the Award. The Company shall evidence the Stock to be issued in payment of the RSUs in the manner it deems appropriate. The value of any fractional RSU shall be rounded down at the time Shares are issued to you. No fractional Shares, nor the cash value of any fractional Shares, will be issuable or payable to you pursuant to this Agreement. The value of Shares shall not bear any interest owing to the passage of time. Neither this Section 6 nor any action taken pursuant to or in accordance with this Section 5 shall be construed to create a trust or a funded or secured obligation of any kind. View More
Found in HollyFrontier Corp contract
Restrictions Forfeiture. The RSUs are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until Shares shares of Stock are issued pursuant to Section 6 following the removal or expiration of the restrictions as contemplated in Section 5 of this Agreement and as described in the Notice of Grant. In Unless otherwise set forth in the Notice of Grant, in the event you cease to serve as a member of terminate employment with the Board, other than as a result of death, Disability, or Ret...irement, Company and its Affiliates, the RSUs that are not vested on the date of such cessation termination of service employment shall be immediately forfeited unless the Committee, in its sole discretion, otherwise elects to accelerate the vesting of such RSUs.5. Expiration of Restrictions and Risk of Forfeiture. The restrictions on the RSUs granted pursuant to this Agreement will expire and the RSUs will become nonforfeitable as set forth in the Notice of Grant, provided that you remain a member in the continuous employment of the Board Company or its Affiliate that employs you until the applicable dates and times set forth therein. RSUs that have become vested and non-forfeitable as provided in this Agreement are referred to herein as "Vested." 6. Issuance of Stock. Shares shall be issued to you in settlement of your Vested RSUs to the extent your Award is Vested within 30 days following the date or event that caused the Award to become Vested. At the time of settlement, the Company shall cause to be issued Shares shares of Stock registered in your name in payment of the Award. The Company shall evidence the Stock to be issued in payment of the RSUs in the manner it deems appropriate. The value of any fractional RSU shall be rounded down at the time Shares are the Stock is issued to you. No fractional Shares, shares, nor the cash value of any fractional Shares, shares, will be issuable or payable to you pursuant to this Agreement. The value of Shares shares of Stock shall not bear any interest owing to the passage of time. Neither this Section 6 nor any action taken pursuant to or in accordance with this Section 5 6 shall be construed to create a trust or a funded or secured obligation of any kind. View More
Found in Jagged Peak Energy Inc. contract
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Restrictions Forfeiture. The RSUs are restricted in that they cannot be sold, transferred or otherwise alienated or hypothecated until Shares related to such RSUs are issued pursuant to Section 8 following the removal or expiration of the restrictions as contemplated in Section 5 (and Section 6, if applicable) of this Agreement and as described in the Notice of Grant. In the event you cease to be an employee of the Company and any Subsidiary, other than as provided in Section 6 below, or in the event that you violate th...e covenants set forth in Section 22 of this Agreement, the RSUs that are not vested on the date of such cessation of employment shall be immediately forfeited. View More
Found in HollyFrontier Corp contract
Restrictions Forfeiture. The RSUs are restricted in that they cannot be sold, transferred or otherwise alienated or hypothecated until Shares related to such RSUs are issued pursuant to Section 8 following the removal or expiration of the restrictions as contemplated in Section 5 (and Section 6, if applicable) of this Agreement and as described in the Notice of Grant. In the event you cease to be an employee of the Company and any Subsidiary, other than as provided in Section 6 below, or in the event that you violate th...e covenants set forth in Section 22 of this Agreement, the RSUs that are not vested on the date of such cessation of employment shall be immediately forfeited. View More
Found in HollyFrontier Corp contract
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