Restrictions Forfeiture Clause Example with 4 Variations from Business Contracts

This page contains Restrictions 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.
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

Variations of a "Restrictions Forfeiture" Clause from Business Contracts

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 under the Award are restricted in that they 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 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 SABINE OIL & GAS 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