Forfeiture of Unvested Performance Shares. If the Grantee’s employment with the Company and its subsidiaries terminates for any reason prior to the third (3rd) anniversary of the Date of Grant (including by reason of death, disability, retirement, resignation for any reason or termination by the Company or one of its subsidiaries for any reason (whether with or without cause)), then all of the Performance Shares shall be forfeited to the Company under Section 5(c) simultaneously with the employment termination. If, under the terms of Section 2, any of the Performance Shares do not vest based on the performance of the Company, such Performance Shares shall be forfeited to the Company under Section 5(c) as of the Vesting Date.
Appears in 6 contracts
Samples: Performance Shares Agreement (Superior Group of Companies, Inc.), Performance Shares Agreement (Superior Group of Companies, Inc.), Performance Shares Agreement (Superior Group of Companies, Inc.)
Forfeiture of Unvested Performance Shares. If the Grantee’s employment with the Company and its subsidiaries terminates for any reason prior to the third (3rd) anniversary of the Vesting Date of Grant (including by reason of death, disability, retirement, resignation for any reason or termination by the Company or one of its subsidiaries for any reason (whether with or without cause)), then all of the Performance Shares shall be forfeited to the Company under Section 5(c) simultaneously with the employment termination. If, under the terms of Section 2, any of the Performance Shares do not vest based on the performance of the Company, such Performance Shares shall be forfeited to the Company under Section 5(c) as of the Vesting Dateend of the Performance Period.
Appears in 4 contracts
Samples: Performance Shares Agreement (Superior Group of Companies, Inc.), Performance Shares Agreement (Superior Group of Companies, Inc.), Performance Shares Agreement (Superior Group of Companies, Inc.)
