Common use of Forfeiture and Repayment Clause in Contracts

Forfeiture and Repayment. (a) In the event the Participant’s employment is terminated for reasons other than those described in Section 8 herein prior to the Dates of the Lapse of Restrictions, all outstanding Shares of unvested Restricted Stock granted hereunder shall immediately be forfeited by the Participant.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Black Hills Corp /Sd/), Restricted Stock Award Agreement (Black Hills Corp /Sd/), Restricted Stock Award Agreement (Black Hills Corp /Sd/)

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Forfeiture and Repayment. (a) In the event the Participant’s employment is terminated for reasons other than those described in Section 8 5 herein prior to the Dates of the Lapse of Restrictions, all outstanding Shares of unvested Restricted Stock granted hereunder shall immediately be forfeited by the Participant.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Black Hills Corp /Sd/)

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