Common use of Forfeiture of Shares Clause in Contracts

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, if the Grantee ceases to be employed by the Corporation or a Subsidiary prior to three years from the Date of Grant. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Except as and to the extent the Restricted Shares have become nonforfeitable pursuant to Section 3, all of the Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, forfeited if the Grantee ceases to be continuously employed by the Corporation or a Subsidiary Company and its Subsidiaries prior to three years from the Date of GrantVesting Date. In the event of a forfeiture, the certificate(s) ), if any, representing the Restricted Shares covered by this Award Agreement shall be cancelledcanceled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, forfeited if the Grantee ceases to be continuously employed by the Corporation or a Subsidiary Company and its Subsidiaries prior to three years from the Date of Grantdate the Restricted Shares become fully nonforfeitable pursuant to Section 3. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelledcanceled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) 3 above, if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three years from the Date of GrantRestricted Shares becoming vested and nonforfeitable as provided above. In the event of a forfeiture, the certificate(s) ), if any, representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) 3 above, if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three years from the Date of GrantRestricted Shares becoming nonforfeitable as provided above. In the event of a forfeiture, the certificate(s) ), if any, representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) 3 above, if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three [INSERT VESTING PERIOD] years from the Date of Grant. In the event of a forfeiture, the any certificate(s) representing the Restricted Shares or any evidence of direct registration representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) 3 above, if the Grantee ceases to be employed by the Corporation or a Subsidiary prior to during the first three years from the Date of Grant. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelledcanceled.

Forfeiture of Shares. The Any shares of Restricted Shares Stock covered by this Agreement that have not become nonforfeitable pursuant to Section 3 shall be forfeited, except as otherwise provided in Section 3(c) above3, if the Grantee ceases to be employed by Grantee's employment with the Corporation Company or a Subsidiary is terminated any time prior to three years from the Date end of Grantthe Restricted Period. In the event of a forfeiture, the certificate(s) representing the shares of Restricted Shares Stock covered by this Agreement that have been forfeited shall be cancelledcanceled. 5.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, forfeited if the Grantee ceases to be continuously employed by the Corporation or a Subsidiary Company and its Subsidiaries prior to three years from the Date of Grantdate the Restricted Shares become fully nonforfeitable pursuant to Section 3; provided, however, that if the Grantee’s employment is terminated by the Company for other than Cause, vesting shall continue in accordance with Section 3. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelledcanceled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) 3 above, if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three four years from the Date of Grant. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, forfeited if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three years from the third anniversary of the Date of Grant, except as otherwise provided in Section 2 above. In the event of a forfeiture, the certificate(s) certificates representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Except as and to the extent otherwise provided in Section 4, the Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) aboveforfeited by the Grantee, if the Grantee ceases to be employed by the Corporation Company or a Subsidiary prior to three years from the third anniversary of the Date of Grant. In the event of a forfeiture, and the certificate(s) representing the Restricted Shares covered by this Agreement so forfeited shall be cancelledcanceled.

Forfeiture of Shares. The Restricted Shares shall be forfeitedforfeited if the Grantee ceases to serve as a member of the Board prior to the third anniversary of the Date of Grant, except as otherwise provided in Section 3(c) 2 above, if the Grantee ceases to be employed by the Corporation or a Subsidiary prior to three years from the Date of Grant. In the event of a forfeiture, the certificate(s) certificates representing the Restricted Shares covered by this Agreement shall be cancelled.

Forfeiture of Shares. The Restricted Shares shall be forfeited, except as otherwise provided in Section 3(c) above, forfeited if the Grantee ceases to be employed by serve on the Corporation or a Subsidiary Board prior to three years from the Date of Grantdate the Restricted Shares become fully nonforfeitable pursuant to Section 3. In the event of a forfeiture, the certificate(s) representing the Restricted Shares covered by this Agreement shall be cancelledcanceled.