Common use of Forfeiture of Restricted Stock Clause in Contracts

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 7 contracts

Samples: Restricted Stock Award Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp), Inducement Award (Quorum Health Corp)

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Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) 9.1 hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 2 contracts

Samples: Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp)

Forfeiture of Restricted Stock. Upon your voluntary separation from service on the termination of your employment by you, the Company or its Subsidiaries Board for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 2 contracts

Samples: Award Agreement (Quorum Health Corp), Director Restricted Stock (Quorum Health Corp)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any Any and all Shares shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon the termination by the Participant, or the Company, of the Participant’s Continuous Service for any reason other than those set forth in Section 4 hereof prior to such vesting.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (NuZee, Inc.)

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Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any Any and all Shares shares of Restricted Stock which have not become vested in accordance with Section 3, 4 6(b) or 5 7 hereof shall be forfeited and shall revert to the CompanyCompany immediately upon (i) the termination of the Participant’s employment or other service with the Company or its Subsidiaries for any reason prior to such vesting or (ii) the Participant’s engaging in Detrimental Activity prior to such vesting.

Appears in 1 contract

Samples: Performance Share Award Agreement (Installed Building Products, Inc.)

Forfeiture of Restricted Stock. Upon the later of the termination of your employment or your service as a member of the Board by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 1 contract

Samples: Option and Award Plan (Community Health Systems Inc)

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