Common use of Expiration of Restrictions and Risk of Forfeiture Clause in Contracts

Expiration of Restrictions and Risk of Forfeiture. Except as provided otherwise in Section 6, the restrictions on the Restricted Stock granted pursuant to this Agreement will expire and the Restricted Stock will become transferable and nonforfeitable, provided that you remain in the employ of, or a service provider to, the Company or its Subsidiaries until the applicable dates set forth below in Section 5(a) and 5(b) (each, a “Vesting Date”):

Appears in 3 contracts

Samples: Restricted Stock Agreement (Us Concrete Inc), Restricted Stock Agreement (Us Concrete Inc), Restricted Stock Agreement (Us Concrete Inc)

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Expiration of Restrictions and Risk of Forfeiture. Except as provided otherwise in Section 6, the restrictions on the Restricted Stock granted pursuant to this Agreement will expire and the Restricted Stock will become transferable and nonforfeitable, provided that you remain in the employ of, or a service provider to, the Company or its Subsidiaries until the applicable vesting dates set forth in the schedule below in Section 5(a) and 5(b) (each, a “Vesting Date”):). For the avoidance of doubt, the full Award is unvested as of the Date of Grant. The Award shall vest based upon the passage of time in accordance with the following schedule:

Appears in 2 contracts

Samples: Restricted Stock Agreement (NEP Group, Inc.), Restricted Stock Agreement (NEP Group, Inc.)

Expiration of Restrictions and Risk of Forfeiture. Except as provided otherwise in Section 6, the restrictions on the Restricted Stock granted pursuant to this Agreement will expire and the Restricted Stock will become vested, transferable and nonforfeitablenon-forfeitable, provided that you remain in the employ of, or a service provider to, the Company or any of its Subsidiaries until through and including each of the applicable dates set forth below in Section Sections 5(a) and 5(b) (each, a “Vesting Date”):

Appears in 1 contract

Samples: Restricted Stock Agreement (Us Concrete Inc)

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Expiration of Restrictions and Risk of Forfeiture. Except as provided otherwise in Section 6, the restrictions on the Restricted Stock granted pursuant to this Agreement will expire and the Restricted Stock will become transferable and nonforfeitable, provided that you remain in the employ of, or a service provider to, the Company or its Subsidiaries until the applicable vesting dates set forth in the schedule below in Section 5(a) and 5(b) (each, a “Vesting Date”):). The Award shall vest based upon the passage of time in accordance with the following schedule:

Appears in 1 contract

Samples: Restricted Stock Agreement (Sabine Oil & Gas Corp)

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