Common use of Forfeiture of Restricted Shares Clause in Contracts

Forfeiture of Restricted Shares. The Recipient’s Restricted Shares that have not vested in accordance with Section 7 shall be immediately and irrevocably forfeited as follows: (a) If the Performance Goal is not achieved, all Restricted Shares will be immediately forfeited. (b) If Recipient sells any of the Underlying Shares prior to vesting it shall result in the immediate forfeiture of an equal number of the Restricted Shares from that Award. (c) If Recipient resigns or is terminated by the Company voluntarily or involuntarily other than by death, disability or retirement as provided in Section 7, all Restricted Shares will be immediately forfeited.

Forfeiture of Restricted Shares. The Recipient’s 's Restricted Shares that have not vested in accordance with Section 7 shall be immediately and irrevocably forfeited as follows: (a) If the Performance Goal is not achieved, all Restricted Shares will be immediately forfeited. (b) If Recipient sells any of the Underlying Shares prior to vesting it shall result in the immediate forfeiture of an equal number of the Restricted Shares from that Award. (c) If Recipient resigns or is terminated by the Company voluntarily or involuntarily other than by death, disability or retirement as provided in Section 7, all Restricted Shares will be immediately forfeited.

Forfeiture of Restricted Shares. The Recipient’s 's Restricted Shares that have not vested in accordance with Section 7 6 shall be immediately and irrevocably forfeited as follows: (a) If the Performance Goal is not achieved, all Restricted Shares will be immediately forfeited. (b) If Recipient sells any of the Underlying Shares prior to vesting it shall result in the immediate forfeiture of an equal number of the Restricted Shares from that Award. (c) If Recipient resigns or is terminated by the Company voluntarily or involuntarily other than by death, disability or retirement as provided in Section 77 above, all Restricted Shares will be immediately forfeited.