Common use of Forfeiture of Restricted Shares Clause in Contracts

Forfeiture of Restricted Shares. In the event that the Participant’s employment by the Company or a subsidiary terminates for any reason other than his or her death, retirement or permanent disability, such event shall constitute an “Event of Forfeiture” and all Shares which at that time are Restricted Shares shall thereupon be forfeited by the Participant to the Company without payment of any consideration by the Company, and neither the Participant nor any successor, heir, assign or personal representative of the Participant shall have any right, title or interest in or to such Restricted Shares.

Forfeiture of Restricted Shares. In the event that the Participant’s employment by the Company or a subsidiary terminates for any reason other than his or her death, retirement Retirement (as defined in the Plan) or permanent disabilityDisability (as defined in the Plan), such event shall constitute an “Event of Forfeiture” and all Shares which at that time are Restricted Shares shall thereupon be forfeited by the Participant to the Company without payment of any consideration by the Company, and neither the Participant nor any successor, heir, assign or personal representative of the Participant shall have any right, title or interest in or to such Restricted Shares.

Forfeiture of Restricted Shares. In the event that the Participant’s 's employment by with the Company or a subsidiary and its subsidiaries terminates for any reason other than his or her the Participant's death, retirement or permanent disabilityInability to Perform, such event shall constitute an “"Event of Forfeiture” " and all Shares which at that time are Restricted Shares shall thereupon be forfeited by the Participant to the Company without payment of any consideration by the Company, and neither the Participant nor any successor, heir, assign or personal representative of the Participant shall have any right, title or interest in or to such Restricted SharesShares or the certificates, if any, evidencing them.

Forfeiture of Restricted Shares. In the event that the ParticipantEmployee’s employment by with the Company Corporation or a subsidiary any of its subsidiaries terminates for any reason other than his or her death, retirement or permanent disability, such event shall constitute an “Event of Forfeiture” and all Shares which at that time are unvested Restricted Shares shall thereupon be forfeited by the Participant Employee to the Company Corporation without payment of any consideration by the CompanyCorporation, and neither the Participant Employee nor any successor, heir, assign or personal representative of the Participant Employee shall have any right, title or interest in or to such Restricted Shares.

Forfeiture of Restricted Shares. In the event that the Participant’s employment by with the Company and its affiliates or a subsidiary Subsidiaries terminates for any reason other than his the Participant’s death or her death, retirement or permanent disability, Disability such event shall constitute an “"Event of Forfeiture” " and all Shares which at that time are Restricted Shares at such time shall thereupon be forfeited by the Participant to the Company upon the occurrence of any such Event of Forfeiture without payment of any consideration by the Company, and neither the Participant nor any successor, heir, assign or personal representative of the Participant shall have any right, title or interest in or to such Restricted SharesShares or the certificates, if any, evidencing them.

Forfeiture of Restricted Shares. In the event that the Participant’s 's employment by the Company or a subsidiary terminates for any reason other than his or her death, retirement or permanent disability, such event shall constitute an “"Event of Forfeiture” " and all Shares which at that time are Restricted Shares shall thereupon be forfeited by the Participant to the Company without payment of any consideration by the Company, and neither the Participant nor any successor, heir, assign or personal representative of the Participant shall have any right, title or interest in or to such Restricted SharesShares or the certificates evidencing them.