Forfeiture of Released Shares in Connection with Transfers. Concurrently with the Transfer of any shares of Released Shares by the Management Stockholder (other than to a Permitted Transferee), the Management Stockholder will Forfeit that number of Released RESTRICTED STOCK AGREEMENT Shares having a Fair Market Value (which shall be determined by reference to the price per share of Released Shares to be received by the Management Stockholder, including with respect to securities to be received in exchange therefor, the fair market value of such securities) equal to the aggregate Management Investment Amount applicable to the Released Shares then being Transferred.
Appears in 3 contracts
Samples: Restricted Stock Agreement (NewStar Financial, Inc.), Restricted Stock Agreement (NewStar Financial, Inc.), Restricted Stock Agreement (NewStar Financial, Inc.)
Forfeiture of Released Shares in Connection with Transfers. Concurrently with the Transfer of any shares of Released Shares by the Management Stockholder (other than to a Permitted Transferee), the Management Stockholder will Forfeit that number of Released RESTRICTED STOCK AGREEMENT Shares having a Fair Market Value (which shall be determined by reference to the price per share of Released Shares to be received by the Management Stockholder, including with respect to securities to be received in exchange therefor, the fair market value of such securities) equal to the aggregate Management Investment Amount applicable to the Released Shares then being Transferred.
Appears in 1 contract
Samples: Restricted Stock Agreement (NewStar Financial, Inc.)