Common use of Description of restrictions Clause in Contracts

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with the Company or an Affiliate is terminated, the taxpayer shall forfeit the Shares as set forth below: A. If the termination takes place on or prior to all of the Shares will be forfeited. B. If the termination takes place after , 200 , the number of Shares forfeited shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 if the taxpayer is employed by the Company or an Affiliate.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Immunogen Inc), Restricted Stock Agreement (Amedica Corp), Restricted Stock Agreement (Immunogen Inc)

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Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with service as a director of the Company or an Affiliate is terminated, the taxpayer shall forfeit the Shares as set forth below: A. If the termination takes place on or prior to all of the Shares will be forfeited. B. If the termination takes place after , 200 , the number of Shares forfeited shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 if the taxpayer is employed by continues as a director of the Company or an AffiliateCompany.

Appears in 1 contract

Samples: Restricted Stock Agreement (Immunogen Inc)

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s 's employment with the Company or an Affiliate is terminated, the taxpayer shall forfeit the Shares as set forth below: A. If the termination takes place on or prior to all of the Shares will be forfeited. B. If the termination takes place after , 200 , the number of Shares forfeited shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 if the taxpayer is employed by the Company or an Affiliate.

Appears in 1 contract

Samples: Restricted Stock Agreement (Enernoc Inc)

Description of restrictions. The property is subject to the following restrictions: In the event the taxpayer’s employment service with the Company or an Affiliate affiliate is terminated, the taxpayer shall forfeit the Shares as set forth below: A. If the termination takes place on or prior to all of the Shares will be forfeited. B. If the termination takes place after , 200 20 , the number of Shares forfeited shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 20 if the taxpayer is employed by the Company or an Affiliateaffiliate.

Appears in 1 contract

Samples: Restricted Stock Agreement (BG Medicine, Inc.)

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Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with the Company or an Affiliate is terminated, the taxpayer shall forfeit the Shares as set forth below: A. If the termination takes place on or prior to all of the Shares will be forfeited. B. If the termination takes place after , 200 201 , the number of Shares forfeited shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 201 if the taxpayer is employed by the Company or an Affiliate.

Appears in 1 contract

Samples: Restricted Stock Agreement (Immunogen Inc)

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