Forfeiture of Granted Stock. The Restricted Shares shall automatically be forfeited and immediately returned to the Company on the Grantee’s Termination Date or the date on which the Administrator determines that the vesting conditions provided for in the Notice of Stock Award Grant were not satisfied during the designated period of time.
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Samples: Restricted Stock Award Agreement (Centennial Bank Holdings, Inc.), Stock Award Agreement (Centennial Bank Holdings, Inc.), Stock Award Agreement (Centennial Bank Holdings, Inc.)
Forfeiture of Granted Stock. The Restricted Shares shall automatically be forfeited and immediately returned to the Company on the Grantee’s Termination Date or the date on which the Administrator determines that the vesting conditions performance goals provided for in the Notice of Stock Award Grant were not satisfied during the designated period of time.
Appears in 2 contracts
Samples: Stock Incentive Plan Stock Award Agreement (First Ulb Corp.), Stock Award Agreement (First Community Bancorp /Ca/)
Forfeiture of Granted Stock. The Restricted Shares shall automatically be forfeited and immediately returned to the Company on the Grantee’s 's Termination Date or the date on which the Administrator determines that the vesting conditions performance goals provided for in the Notice of Stock Award Grant were not satisfied during the designated period of time.
Appears in 1 contract
Samples: Pacwest Bancorp
Forfeiture of Granted Stock. The Restricted Shares shall automatically be forfeited and immediately returned to the Company on the Grantee’s 's Termination Date or the date on which the Administrator determines that the vesting conditions provided for in the Notice of Stock Award Grant were not satisfied during the designated period of time.
Appears in 1 contract
