Common use of Forfeiture of Performance Shares Clause in Contracts

Forfeiture of Performance Shares. (a) If the Grantee ceases to be continuously employed by the Company and/or Subsidiary at any time prior to the Vesting Date, any Performance Shares that has not theretofore become nonforfeitable in accordance with the terms of Section 1 shall be forfeited.

Appears in 2 contracts

Samples: Equity and Performance Incentive Plan (Flowers Foods Inc), 2001 Equity and Performance Incentive Plan (Flowers Foods Inc)

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Forfeiture of Performance Shares. (a) If the Grantee ceases to be continuously employed by the Company and/or Subsidiary at any time prior to the Vesting Date, any Performance Shares that has have not theretofore become nonforfeitable in accordance with the terms of Section 1 shall be forfeited.

Appears in 2 contracts

Samples: 2001 Equity and Performance Incentive Plan (Flowers Foods Inc), Equity and Performance Incentive Plan (Flowers Foods Inc)

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