Common use of Effect of Vesting Clause in Contracts

Effect of Vesting. Upon the vesting of any Restricted Shares or Restricted Mutual Fund Shares, such vested Restricted Shares and Restricted Mutual Fund Shares will no longer be subject to forfeiture; provided, however, that such vested Restricted Shares and Restricted Mutual Fund Shares shall remain subject to potential recovery by the Company pursuant to Section 7 of this Agreement.

Appears in 12 contracts

Samples: Restricted Stock and Mutual Fund Restricted Share Agreement (Piper Sandler Companies), Restricted Stock and Mutual Fund Restricted Share Agreement (Piper Sandler Companies), Restricted Stock and Mutual Fund Restricted Share Agreement (Piper Sandler Companies)

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Effect of Vesting. Upon the vesting of any Restricted Shares or Restricted Mutual Fund Shares, such vested Restricted Shares and Restricted Mutual Fund Shares will no longer be subject to forfeiturecancellation; provided, however, that such vested Restricted Shares and Restricted Mutual Fund Shares shall remain subject to potential recovery by the Company pursuant to Section 7 6 of this Agreement.

Appears in 2 contracts

Samples: Mutual Fund Restricted Share Agreement (Piper Jaffray Companies), Mutual Fund Restricted Share Agreement (Piper Jaffray Companies)

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