Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 11 contracts
Samples: Restricted Stock Agreement (AgroFresh Solutions, Inc.), Restricted Stock Agreement (AgroFresh Solutions, Inc.), Restricted Stock Agreement (Select Interior Concepts, Inc.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof or pursuant to the Employment Agreement as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4. Vested Shares shall not be subject to forfeiture, cancellation or reimbursement.
Appears in 9 contracts
Samples: Restricted Stock Agreement (Jarden Corp), Restricted Stock Agreement (Jarden Corp), Restricted Stock Agreement (Jarden Corp)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Reven Housing REIT, Inc.), Restricted Stock Agreement (Reven Housing REIT, Inc.), Restricted Stock Agreement (Carpenter Chad M.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee Board shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Paysign, Inc.), Restricted Stock Agreement (3pea International, Inc.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Vested or Non-Vested Shares pursuant to this Section 4.
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Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof or the Plan as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 1 contract
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Non-Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 1 contract
Samples: Restricted Stock Agreement (Platform Specialty Products Corp)
Forfeiture of Non-Vested Shares. If the RecipientParticipant’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Deferred Stock that are is not Vested SharesDeferred Stock, and that do does not become Vested Shares Deferred Stock pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the RecipientParticipant. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the RecipientParticipant’s forfeiture of Non-Vested Shares Deferred Stock pursuant to this Section 43.
Appears in 1 contract
Samples: Associate Deferred Stock Award Agreement (Destination Xl Group, Inc.)
Forfeiture of Non-Vested Shares. If Except as otherwise provided in Sections 6(b)(iv) or 6(d) of the Plan, if the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 45.
Appears in 1 contract
Samples: Restricted Stock Agreement (Destination Xl Group, Inc.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service continuous service with the Company and the Related Entities its subsidiaries is terminated for any reason, any Shares shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service continuous service and revert back to the Company without any payment to the Recipient. The Committee Administrator shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 1 contract
Samples: Restricted Stock Agreement (Federated National Holding Co)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service continuous service with the Company and the Related Entities its subsidiaries is terminated for any reason, any Shares shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service continuous service and revert back to the Company without any payment to the Recipient. The Committee Board of Directors of the Company shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 1 contract
Samples: Restricted Stock Agreement (CLS Holdings USA, Inc.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Appears in 1 contract
Samples: Restricted Stock Agreement (Destination Xl Group, Inc.)
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 3 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee Board shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 45.
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