Common use of Forfeiture of Shares Clause in Contracts

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirement, death, or Disability, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In the event that the Employee is terminated by the Company other than for Cause, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirementthose set forth in subsections 4(b), death(c), (d) or DisabilitySection 5, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In If the event that Company terminates the Employee is terminated by the Company other than for CauseCause and such termination is not covered by Section 5, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirement, death, death or Disability, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In the event that the Employee is terminated by the Company other than for Cause, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates date set forth in subsection 4(a) above as if the Employee had remained employed on such datesdate.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirementthose set forth in subsections 4 (b), death(c), (d) or DisabilitySection 5, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In If the event that Company terminates the Employee is terminated by the Company for any reason other than for CauseCause and such termination is not covered by Section 5, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirementthose set forth in subsections 4(a), death(b), (c) or Disability(d) or Section 5, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In the event that the Employee is terminated by the Company other than for CauseCause and in a situation not covered by Section 5, then the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirement, death, death or Disability, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In the event that the Employee is terminated by the Company other than for Cause, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirementthose set forth in subsections 4(b), death, (c) or DisabilitySection 5, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In If the event that Company terminates the Employee is terminated by the Company other than for CauseCause and such termination is not covered by Section 5, the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates date set forth in subsection 4(a) above as if the Employee had remained employed on such datesdate.

Forfeiture of Shares. In the event of the Employee’s Termination for any reason other than Retirementthose set forth in subsections 4(a), death(b), (c) or Disability(d) or Section 5, any Shares with respect to which Restrictions have not lapsed as of the date of Termination shall be forfeited without consideration to the Employee or the Employee’s Representative. In the event that the Employee is terminated by the Company other than for CauseCause and in a situation not covered by Section 5, then the Company may, in its sole discretion, cause Restrictions on some or all of the Shares to lapse on the dates set forth in subsection 4(a) above as if the Employee had remained employed on such dates.