Forfeiture of Restricted Shares. The Restricted Shares (and any related accumulated dividends) that have not yet vested pursuant to Section 2(a) shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as provided pursuant to Section 2(b).
Appears in 3 contracts
Samples: Restricted Shares Award Agreement (SKYX Platforms Corp.), Restricted Shares Award Agreement (SQL Technologies Corp.), Restricted Shares Award Agreement (SQL Technologies Corp.)
Forfeiture of Restricted Shares. The Restricted Shares (and any related accumulated dividends) that have not yet vested pursuant to Section 2(a) shall be forfeited automatically without further action or notice if the Grantee’s Continuous Service with the Company or a Subsidiary terminates prior to a Vesting Date for any reason other than as provided pursuant to Section 2(b).
Appears in 2 contracts
Samples: Restricted Share Agreement, Restricted Share Agreement (1347 Property Insurance Holdings, Inc.)
Forfeiture of Restricted Shares. The To the extent that the Restricted Shares (and any related accumulated dividends) that have not yet vested pursuant to Section 2(a) 2 above, they shall be forfeited automatically without further action or notice if Grantee’s Continuous Service with the Grantee ceases to serve as a Trustee of the Company or a Subsidiary terminates prior to a Vesting Date for any reason an applicable vesting date other than as provided pursuant to in Section 2(b).
Appears in 1 contract
Samples: Restricted Share Agreement (Innsuites Hospitality Trust)
