Common use of Effect of Vesting Clause in Contracts

Effect of Vesting. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to cancellation and return to the Plan as provided in Section 4 of this Agreement.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Piper Jaffray Companies), Restricted Stock Agreement (Piper Jaffray Companies), Restricted Stock Agreement (Piper Jaffray Companies)

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Effect of Vesting. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to cancellation and return to the Plan as provided in Section 4 of this Agreement; provided, however, that such vested Shares shall remain subject to potential recovery by the Company pursuant to Section 6 of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Piper Jaffray Companies), Restricted Stock Agreement (Piper Jaffray Companies)

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Effect of Vesting. Upon the vesting of any Restricted Shares, such vested Restricted Shares will no longer be subject to cancellation and return to the Plan as provided in Section 2 or 4 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Piper Jaffray Companies)

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