Forfeiture of Forfeitable Shares. The Participant’s rights in all Forfeitable Units shall terminate automatically on the date of the Participant’s termination of employment for reasons other than on account of the Participant’s death, Disability or an Involuntary Termination following a Change in Control or Involuntary Termination within 36 months of a Merger of Equals, and the Company may thereupon cancel the certificate or certificates representing such Forfeitable Units on its books.
Forfeiture of Forfeitable Shares. The Participant’s rights in all Forfeitable Shares shall terminate automatically on the date of the Participant’s termination of employment for reasons other than the Participant’s death, Disability or Retirement, and the Company may thereupon cancel the certificate or certificates representing such Forfeitable Shares on its books. In the event that the certificates then being held by the Company under this Agreement represent Vested Shares as well as Forfeitable Shares, the Company shall issue to the Participant a replacement certificate for such Vested Shares.
Forfeiture of Forfeitable Shares. The Grantee’s rights in all Forfeitable Shares shall terminate automatically on the date of the Grantee’s termination of employment, and the Company may thereupon cancel the certificate or certificates representing such Forfeitable Shares on its books. In the event that the certificates then being retained by the Company under this Agreement also represent other shares of Common Stock not being forfeited to the Company, the Company shall issue to the Grantee replacement certificates for such other shares.
Forfeiture of Forfeitable Shares. Subject to Section 4.2, and unless the Committee provides otherwise in its sole discretion, the following provision shall apply in the event of the Employee's Termination of Employment: With respect to the Tier 1 Shares, Tier 2 Shares and Tier 3 Shares, if the Employee's employment with the Company or a Subsidiary is subject to the terms of an employment or other agreement between such Employee and the Company or Subsidiary, such agreement shall govern the forfeiture of Forfeitable Shares if such agreement contains such provisions.
Forfeiture of Forfeitable Shares. Subject to Section 4.2, and -------------------------------- unless the Committee provides otherwise in its sole discretion, the following provisions shall apply in the event of the Employee's Termination of Employment:
Forfeiture of Forfeitable Shares. The Grantee’s rights in all Forfeitable Shares which are purchased by or required to be forfeited to the Company in accordance with Section 4.2 shall terminate as of the date of repurchase, and the Company may thereupon cancel the certificate or certificates representing such Forfeitable Shares on its books. In the event that the certificates then being retained by the Company under this Agreement also represent other shares of Common Stock not being forfeited to the Company, the Company shall issue to the Grantee replacement certificates for such other shares.
Forfeiture of Forfeitable Shares. Subject to Section 4.2, and -------------------------------- unless the Committee provides otherwise in its sole discretion, the following provisions shall apply in the event of the Employee's Termination of Employment. With respect to both the Tier 1 and Tier 2 Shares, upon a Termination of Employment by the Company for any reason (including, without limitation, for Cause) or by the Employee for any reason (including death or disability), then, for purposes of determining the Non-Forfeitable Shares, the Employee will be considered to remain an Employee through the end of the applicable calendar year quarter in which the Termination of Employment occurs. The Employee will forfeit any Forfeitable Shares at the end of the applicable calendar year quarter in which the Termination of Employment occurs.
Forfeiture of Forfeitable Shares
