Forfeiture of Nonvested Shares. Except as provided herein, if Grantee's service with the Company ceases for any reason other than Grantee’s (a) death, (b) disability, (c) retirement, or (d) termination by the Company without Cause, any Nonvested Shares will be automatically forfeited to the Company.
Forfeiture of Nonvested Shares. At such time as Grantee's Business Relationship with the Corporation ceases for anx xxxxxn, including death, then, in such event, any Nonvested Shares shall be automatically forfeited to the Corporation, subject to the re-payment by the Corporation of the total purchase price specified in the Notice of Grant.
Forfeiture of Nonvested Shares. At such time as Grantee's Continuous Service ceases for any reason, including death (hereinafter an "Event of Forfeiture"), then, in such event, any Nonvested Shares shall be automatically forfeited to the Company.
Forfeiture of Nonvested Shares. Except as provided herein, if Grantee's service with the Company ceases for any reason other than Grantee’s (a) death, (b) Disability, (c) Retirement, or (d) termination by the Company without Cause, any Nonvested Shares will be automatically forfeited to the Company, subject to the re-payment by the Company at the lesser of (1) the original purchase price paid by the Participant pursuant to the Award Agreement or (2) the Shares’ Fair Market Value on the date of repurchase.
Forfeiture of Nonvested Shares. If Grantee’s employment is terminated by the Company for Cause or by Grantee other than for Good Reason or on account of Disability, any and all Nonvested Shares shall immediately be forfeited and returned to the Company without compensation to Grantee, and this Award shall terminate and be of no further force and effect.
Forfeiture of Nonvested Shares. If and at such time as the services of Grantee terminate (a) With Cause, or (b) other than for Good Reason, any and all Nonvested Shares shall be immediately forfeited and returned to the Company without compensation to the Grantee, and this Award shall terminate and be of no further force and effect (other than the restrictions contained in Section 7, which shall remain in full force and effect in accordance with their terms).
Forfeiture of Nonvested Shares. Except as provided herein, if Grantee’s service with the Company ceases for any reason (including Disability) other than Grantee’s (a) Retirement or (b) death, any Nonvested Shares will be automatically forfeited to the Company for no consideration; unless the Board (or an authorized committee thereof) provides otherwise, and provided, however, that the Board (or an authorized committee thereof) may cause any Nonvested Shares immediately to vest and become nonforfeitable if Grantee’s service with the Company is terminated by the Company without Cause.”
Forfeiture of Nonvested Shares. At such time as Grantee's Business Relationship with the Corporation ceases for any xxxxxx, including death, then, in such event, any Nonvested Shares shall be automatically forfeited to the Corporation unless the Corporation otherwise notifies the Grantee, subject to the re-payment by the Corporation of the total purchase price specified in the Notice of Grant.
Forfeiture of Nonvested Shares. If Grantee (i) voluntarily resigns as a Director before the end of Grantee’s then-current term (other than on account of Disability) or (ii) declines a nomination for a subsequent term, any and all Nonvested Shares shall immediately be forfeited and returned to the Company without compensation to Grantee, and this Award shall terminate and be of no further force and effect. A Required Resignation shall not be treated as a voluntary resignation for purposes of this Section.
Forfeiture of Nonvested Shares. The Company and Executive agree that pursuant to that (A) certain Stock Agreement, dated December 15, 2017, 550,000 Performance Shares were forfeited without consideration due to the Company’s per share closing price failing to reach an average of $5.00 per share for any 10 consecutive days by June 15, 2020 and (B) pursuant to that certain Settlement Agreement, dated on or about October 4, 2019, among the Company and Camac Fund, LP and its affiliates, Executive agreed to forfeit 150,000 Performance Shares (such 700,000 forfeited Performance Shares together, the “Forfeited Performance Shares”). Within thirty (30) days of Executive’s execution of this Agreement, Executive shall deliver any certificate(s) registered in Executive’s name representing the Forfeited Performance Shares, as well as any documentation as may be reasonably required by the Company or its counsel to effectuate the forfeiture, and Executive shall have no further right, title or interest in the Forfeited Performance Shares.
