Common use of Forfeiture of Restricted Shares Clause in Contracts

Forfeiture of Restricted Shares. Upon Participant’s termination of Service the Restricted Shares will be forfeited and canceled except to the extent they have become vested in accordance with Section 4.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Magicjack Vocaltec LTD), Restricted Stock Agreement (Magicjack Vocaltec LTD), Restricted Stock Agreement (Magicjack Vocaltec LTD)

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Forfeiture of Restricted Shares. Upon Participant’s 's termination of Service the Restricted Shares will be forfeited and canceled except to the extent they have become vested in accordance with Section 4.

Appears in 1 contract

Samples: Restricted Stock Agreement (Magicjack Vocaltec LTD)

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