Forfeiture of Stock. (a) Any of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be forfeited unless the Committee determines to provide otherwise. In the event of a forfeiture, the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be cancelled.
Appears in 6 contracts
Samples: Equity and Performance Incentive Plan (Aerojet Rocketdyne Holdings, Inc.), Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.), Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.)
Forfeiture of Stock. (a) Any of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall of this Agreement will be forfeited unless the Committee determines to provide otherwise. In the event of a forfeiture, the certificates representing all of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof of this Agreement shall be cancelled.
Appears in 2 contracts
Samples: Equity and Performance Incentive Plan (Gencorp Inc), Equity and Performance Incentive Plan (Gencorp Inc)
Forfeiture of Stock. (a) Any of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be forfeited unless the Committee determines to provide otherwise. In the event of a forfeiture, the certificates representing all of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be cancelled.
Appears in 1 contract
Samples: Equity and Performance Incentive Plan (Gencorp Inc)
Forfeiture of Stock. (a) Any of the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be forfeited upon Grantee’s Termination of Employment unless the Committee determines to provide otherwise. In the event of a forfeiture, the Stock covered by this Agreement that has not become vested and nonforfeitable in accordance with Section 3 hereof shall be cancelled.
Appears in 1 contract
Samples: Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.)
