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

Forfeiture of Non-Vested Shares. Upon the Holder’s Termination of Employment for any reason, the Holder agrees that, except to the extent otherwise provided herein or in the Plan, his or her rights with respect to any non-vested shares of Restricted Stock shall be immediately forfeited and the Holder no longer shall have any rights with respect to such non-vested shares.