Common use of Forfeiture Condition Clause in Contracts

Forfeiture Condition. Any Shares of Restricted Stock which do not vest pursuant to the provisions of Section 4 below will be forfeited to the Corporation unless the Corporation’s Compensation Committee in its sole discretion determines otherwise, as more fully provided in Section 4 below.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Total System Services Inc), Retention Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Total System Services Inc)

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Forfeiture Condition. Any Shares of Restricted Stock which do not vest pursuant to the provisions of Section 4 below will be forfeited to the Corporation unless the Corporation’s Compensation Committee in its sole discretion determines otherwise, as more fully provided in Section 4 below.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Total System Services Inc), Performance Based Retention Restricted Stock Award Agreement (Total System Services Inc)

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Forfeiture Condition. Any Restricted Shares of Restricted Stock which do not vest pursuant to the provisions of Section 4 below will be forfeited to the Corporation unless the Corporation’s Compensation Committee in its sole discretion determines otherwise, as more fully provided in Section 4 below.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Synovus Financial Corp)

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