Common use of Forfeiture of Unearned Restricted Stock Clause in Contracts

Forfeiture of Unearned Restricted Stock. In the event that any shares of Performance Vesting Restricted Stock do not vest pursuant to any of Subsection A, B or C of this Section 4(b), then such Performance Vesting Restricted Stock shall be forfeited and cancelled as of such date.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Covanta Holding Corp), Holding Corporation Restricted Stock Award Agreement (Danielson Holding Corp), Holding Corporation Restricted Stock Award Agreement (Covanta Energy Corp)

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Forfeiture of Unearned Restricted Stock. In the event that any shares of Performance Vesting Restricted Stock do not vest pursuant to any of Subsection A, B or C of this Section 4(b), then such Performance Vesting Restricted Stock shall be forfeited and cancelled canceled as of such date.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Covanta Holding Corp), Restricted Stock Award Agreement (Covanta Holding Corp)

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Forfeiture of Unearned Restricted Stock. In the event that any shares of Performance Vesting Restricted Stock do not vest pursuant to any of Subsection A, B or C of this Section 4(b4.6(b), then such Performance Vesting Restricted Stock shall be forfeited and cancelled as of such date.

Appears in 1 contract

Samples: Employment Agreement (Covanta Holding Corp)

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