Forfeiture of Restricted Stock. If any of your Restricted Stock is forfeited as provided for in Paragraph 5, such forfeiture shall be immediate, and forfeited Restricted Stock (including any cash dividends or liquidation payments for which the record date occurs on or after the date of the forfeiture, and any noncash dividends or noncash distributions with respect to Restricted Stock that is forfeited), and all of your rights to and interest in the forfeited Restricted Stock shall terminate without payment of consideration. Forfeited Restricted Stock shall be reconveyed to the Company, and you agree to promptly take such action and sign such documents as the Company may request to facilitate such reconveyance to the Company.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (Diversified Restaurant Holdings, Inc.), Restricted Stock Award Agreement (Mercantile Bank Corp), Restricted Stock Award Agreement (Diversified Restaurant Holdings, Inc.)
Forfeiture of Restricted Stock. If any of your Restricted Stock is forfeited as provided for in Paragraph 5, such forfeiture shall be immediate, and forfeited Restricted Stock (including any cash dividends or liquidation payments for which the record date occurs on or after the date of the forfeiture, and any noncash dividends or noncash distributions with respect to Restricted Stock that is forfeited), and all of your rights to and interest in the forfeited Restricted Stock shall terminate without payment of consideration. Forfeited Restricted Stock shall be reconveyed to the CompanyCorporation, and you agree to promptly take such action and sign such documents as the Company Corporation may request to facilitate such reconveyance to the CompanyCorporation.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Nutex Health, Inc.), Restricted Stock Award Agreement (Sterling Bancorp, Inc.)
