Common use of Cancellation Right Clause in Contracts

Cancellation Right. The Grantee must be in continuous service as a Director from the Award Date through the Vesting Date for an unvested Share to become vested. Subject to Section 4, Grantee's discontinuation of service as a Director prior to the Vesting Date shall cause the unvested Shares to be automatically forfeited as of such discontinuation of service date.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Eagle Materials Inc), Restricted Stock Agreement (Eagle Materials Inc), Restricted Stock Agreement (Eagle Materials Inc)

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Cancellation Right. The Grantee must be in continuous service as a Director from the Award Date through the Vesting Date for an unvested Share to become vested. Subject to Section 4, Grantee's ’s discontinuation of service as a Director prior to the Vesting Date shall cause the unvested Shares to be automatically forfeited as of such discontinuation of service date.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Eagle Materials Inc), Restricted Stock Agreement (Eagle Materials Inc)

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Cancellation Right. The Grantee must be in continuous service as a Director from the Award Date through the Vesting Date for an unvested a Share to become vested. Subject to Section 4, Grantee's ’s discontinuation of service as a Director prior to the Vesting Date vesting of any Shares shall cause the any unvested Shares to be automatically forfeited as of such discontinuation of service dateforfeited.

Appears in 2 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Eagle Materials Inc)

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