Common use of Forfeiture of Restricted Shares Clause in Contracts

Forfeiture of Restricted Shares. Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Hawkins Inc), Restricted Stock Award Agreement (Surmodics Inc), Restricted Stock Agreement (HMN Financial Inc)

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Forfeiture of Restricted Shares. Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictionsRestrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited , which shall be returned to the Company for cancellation.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Northern Oil & Gas, Inc.), Restricted Stock Award Agreement (Reger Michael Lewis), Restricted Stock Award Agreement (Northern Oil & Gas, Inc.)

Forfeiture of Restricted Shares. Subject to Section 4(b), if your Service to the Company or any Affiliate and its Affiliates terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictionsRestrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited , which shall be returned to the Company for cancellation.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Electromed, Inc.), Restricted Stock Award Agreement (Electromed, Inc.), Restricted Stock Award Agreement (Guide Holdings Inc)

Forfeiture of Restricted Shares. Subject to Section 4(b), if your Service to employment with the Company or any Affiliate and its subsidiaries terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictionsRestrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

Appears in 2 contracts

Samples: Restricted Share Award Agreement (AV Homes, Inc.), Restricted Share Award Agreement (AV Homes, Inc.)

Forfeiture of Restricted Shares. Subject to Section Sections 4(b) and 4(c), if your Service to with the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Electromed, Inc.), Restricted Stock Agreement (HMN Financial Inc)

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Forfeiture of Restricted Shares. Subject to Section 4(b)) and the terms of any then-effective written employment or severance agreement between you and the Company, if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictionsRestrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited , which shall be returned to the Company for cancellation.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Northern Oil & Gas, Inc.), Restricted Stock Award Agreement (Northern Oil & Gas, Inc.)

Forfeiture of Restricted Shares. Subject to Section Sections 4(b) and 4(c), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictionsRestrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited , which shall be returned to the Company for cancellation.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Northern Oil & Gas, Inc.)

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