Forfeiture of Stock. Any of the Stock covered by this Agreement that has not become vested in accordance with Section 3 will be forfeited unless the Board determines to provide otherwise. In the event of a forfeiture, the Stock covered by this Agreement that has not become vested in accordance with Section 3 shall be cancelled or, with respect to Stock subject to a Deferral Election, as otherwise provided by the Rabbi Trust Agreement and the Deferred Compensation Plan.
Appears in 5 contracts
Samples: Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.), Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.), Restricted Stock Agreement (Aerojet Rocketdyne Holdings, Inc.)
Forfeiture of Stock. Any of the Stock covered by this Agreement that has not become vested in accordance with Section 3 will be forfeited unless the Board 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 in accordance with Section 3 shall be cancelled or, with respect to Stock subject to a Deferral Election, as otherwise provided by the Rabbi Trust Agreement and the Deferred Compensation Plancancelled.
Appears in 1 contract
Samples: Equity and Performance Incentive Plan (Gencorp Inc)
