Common use of Forfeiture of Non-Vested Shares Clause in Contracts

Forfeiture of Non-Vested Shares. Except as provided in the Employment Agreement, if the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, including, without limitation, by Recipient without Good Reason before October 2, 2020 (as defined in the Employment Agreement), 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. If the Recipient breaches any of the Restrictive Covenants as defined in Section 5 hereof, all Non-Vested Shares (and upon written demand by the Company, in its sole and absolute discretion, any Vested Shares) shall be forfeited immediately upon such breach and revert or be transferred by the Recipient 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.

Forfeiture of Non-Vested Shares. Except as provided in the Employment Agreement, if the Recipient’s Continuous Service service with the Company and the Related Entities Company-related entities is terminated for any reason, including, without limitation, other than: (a) by Recipient without “Good Reason before October 2, 2020 Reason” (as defined in the Employment Agreement)) before December 1, 2022 or (b) by the Company with “Cause” (as defined in the Employment Agreement) any Non-Vested 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. If the Recipient breaches any of the Restrictive Covenants as defined in Section 5 hereofthe Employment Agreement, all Non-Vested Shares (and upon written demand by the Company, in its sole and absolute discretion, any Vested Shares) shall be forfeited immediately upon such breach and revert or be transferred by the Recipient 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. For the avoidance of doubt, any termination by Recipient with “Good Reason” or by the Company without “Cause” prior to December 1, 2022, shall result in the acceleration of vesting of any shares of Restricted Stock under this Agreement.

Forfeiture of Non-Vested Shares. Except as provided in the Employment Agreement, if If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, including, without limitation, by Recipient without Good Reason before October 2, 2020 (as defined in the Employment Agreement), 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. If the Recipient breaches any of restrictive covenant applicable to the Restrictive Covenants as defined in Section 5 hereofRecipient through a Company policy, plan, or agreement between the Recipient and Company, all Non-Vested Shares (and upon written demand by the Company, in its sole and absolute discretion, any Vested Shares) shall be forfeited immediately upon such breach and revert or be transferred by the Recipient 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.

Forfeiture of Non-Vested Shares. Except as provided in the Employment Agreement, if If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, including, without limitation, by Recipient without Good Reason before October 2, 2020 (as defined in the Employment Agreement), 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. If the Recipient breaches any of the Restrictive Covenants as defined in Section 5 hereof, all Non-Vested Shares (and upon written demand by the Company, in its sole and absolute discretion, any Vested Shares) shall be forfeited immediately upon such breach and revert or be transferred by the Recipient 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.

Forfeiture of Non-Vested Shares. Except as provided in the Employment Agreement, if If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any reason, including, without limitation, by Recipient without Good Reason before October 2, 2020 (as defined in the Employment Agreement), any Shares of Restricted Stock that are not Vested SharesShares and, 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. If the Recipient breaches any of restrictive covenant applicable to the Restrictive Covenants as defined in Section 5 hereofRecipient through a Company policy, plan, or agreement between the Recipient and Company, all Non-Vested Shares (and upon written demand by the Company, in its sole and absolute discretion, any Vested Shares) shall be forfeited immediately upon such breach and revert or be transferred by the Recipient 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.