Common use of Forfeiture of Award Clause in Contracts

Forfeiture of Award. If the Participant’s service as a Director terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted Stock), all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 10 contracts

Samples: Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc)

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Forfeiture of Award. If the Participant’s service as a Director terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted StockStock granted hereby), all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 10 contracts

Samples: Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc)

Forfeiture of Award. If the Participant’s service as a Director Employment terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted StockStock Units granted hereby), all unvested Restricted Stock Units as of the termination date shall be forfeited.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Oceaneering International Inc), Employee Restricted Stock Unit Agreement (Oceaneering International Inc), Employee Restricted Stock Unit Agreement (Oceaneering International Inc)

Forfeiture of Award. If the Participant’s service as a Director terminates under any circumstances (except those provided in Paragraph Section 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted StockStock granted hereby), all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc), Restricted Stock Agreement (Oceaneering International Inc)

Forfeiture of Award. If the Participant’s service Except as a Director terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company, if the Participant’s Employment terminates other than by reason of Participant’s death, Disability, or termination by the Company which provides or a Subsidiary other than for vesting of the Restricted Stock)Cause, all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Dawson Geophysical Co), Restricted Stock Agreement (Dawson Geophysical Co)

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Forfeiture of Award. If the Participant’s service Except as a Director terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting Company, if the Participant’s Employment terminates other than by reason of the Restricted Stock)matters stated above in Section 2(b) of this Agreement, all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Dawson Geophysical Co), Restricted Stock Agreement (Dawson Geophysical Co)

Forfeiture of Award. If the Participant’s service as a Director terminates under any circumstances (except other than those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the Restricted Stock), all unvested Restricted Stock as of the termination date shall be forfeited.

Appears in 1 contract

Samples: Restricted Stock Agreement (Oceaneering International Inc)

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