Common use of Forfeiture Event Clause in Contracts

Forfeiture Event. Subject to Paragraphs 6C, 6D, 6E and 6F below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted Stock, you cease to be an Employee (a "Forfeiture Event").

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Mercantile Bank Corp), Restricted Stock Award Agreement (Mercantile Bank Corp), Restricted Stock Award Agreement (Mercantile Bank Corp)

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Forfeiture Event. Subject to Paragraphs 6C5C, 6D5D, 6E 5E and 6F 5F below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Diversified Restaurant Holdings, Inc.)

Forfeiture Event. Subject to Paragraphs 6C5C, 6D5D, 6E 5E, 5F and 6F 5G below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Mercantile Bank Corp)

Forfeiture Event. Subject to Paragraphs 6C5C, 6D, 6E 5D and 6F 5E below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the CompanyCorporation, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee terminate Service (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

Forfeiture Event. Subject to Paragraphs 6C5C, 6D5D, 6E 5E and 6F 5F. below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Mercantile Bank Corp)

Forfeiture Event. Subject to Paragraphs 6C5C, 6D, 6E 5D and 6F 5E below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the CompanyCorporation, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee or service provider (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

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Forfeiture Event. Subject to Paragraphs 6C5C, 6D5D, 6E 5E and 6F 5F below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the Company, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Diversified Restaurant Holdings, Inc.)

Forfeiture Event. Subject to Paragraphs 6C5C, 6D, 6E 5D and 6F 5E below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the CompanyCorporation, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee or service provider (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Nutex Health, Inc.)

Forfeiture Event. Subject to Paragraphs 6C, 6D, 6E 5C and 6F 5D below, the shares of your Performance-Based Restricted Stock that would otherwise vest on a Vesting Date will not vest and shall automatically be forfeited and returned to the CompanyCorporation, if after the Grant Date and prior to the Vesting Date for such Performance-Based Restricted StockStock (i.e. during the applicable Restricted Period), you cease to be an Employee terminate Service (a "Forfeiture Event").

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

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