Common use of Forfeiture for Violation of Restrictive Covenants Clause in Contracts

Forfeiture for Violation of Restrictive Covenants. As consideration for the grant of the Restricted Stock Units, Participant agrees to the restrictive covenants set forth in Appendix A to this Agreement. Participant shall forfeit any unvested Restricted Stock Units, or any Common Stock that Participant receives in settlement of any vested Restricted Stock Units, if he or she violates any of the restrictive covenants set forth in Appendix A.

Appears in 2 contracts

Samples: Restricted Stock Unit and Stock Option Agreement (Helios Technologies, Inc.), Restricted Stock Unit Agreement (Helios Technologies, Inc.)

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Forfeiture for Violation of Restrictive Covenants. As consideration for the grant of the Restricted Stock Units, Participant agrees to the restrictive covenants set forth in Appendix A B to this Agreement. Participant shall forfeit any unvested Restricted Stock Units, or any Common Stock that Participant receives in settlement of any vested Restricted Stock Units, if he or she violates any of the restrictive covenants set forth in Appendix A.B.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Helios Technologies, Inc.)

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Forfeiture for Violation of Restrictive Covenants. As consideration for the grant of the Restricted Stock UnitsUnits and Options, Participant agrees to the restrictive covenants set forth in Appendix A B to this Agreement. Participant shall forfeit any Options and unvested Restricted Stock Units, or any Common Stock Shares that Participant receives in settlement of any vested Restricted Stock UnitsUnits from the exercise of Options, if he or she violates any of the restrictive covenants set forth in Appendix A.B.

Appears in 1 contract

Samples: Restricted Stock Unit and Stock Option Agreement (Helios Technologies, Inc.)

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