Forfeiture of Unvested Restricted Shares. Restricted Shares as to which the Period of Restriction has not terminated shall be forfeited and transferred to the Company upon the first to occur of: (a) Grantee's ceasing to be an Employee for any reason, whether voluntary or involuntary (other than for a termination of employment described in Section 2.c), and (b) the date the Committee determines the Financial Performance Criteria were not met (to the extent that the Restricted Shares do not become vested based on the Applicable Vesting Percentages). However, as described in Section 2 above with respect to the termination of the Period of Restriction on the Date of Certification, the Applicable Vesting Percentage of the given category of Restricted Shares shall not be forfeited, to the extent that: (a) with respect to such Applicable Vesting Percentage of such category of Restricted Shares, the Committee has certified that the corresponding Three Year Average Percentile level for such Applicable Vesting Percentage has been achieved; and (b) the Grantee is an Employee on the Date of Certification. Grantee's employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. Each block of Restricted Shares that remains unvested and unforfeited shall be forfeited and transferred to the Company upon Xxxxxxx’s ceasing to be an Employee for any reason, whether voluntary or involuntary (except as provided in Section 2.b of this Agreement).
Forfeiture of Unvested Restricted Shares. The Restricted Shares that have not yet vested pursuant to Section 2 shall be forfeited automatically without further action or notice if the Grantee ceases to serve as a member of the Board prior to a Vesting Date, except as otherwise provided in Section 2.
Forfeiture of Unvested Restricted Shares. Any Restricted Shares that remain unvested and unforfeited shall be forfeited and transferred to the Company upon the first to occur of (i) the making of the last of the performance determinations capable of being made under Section 2.a.i of this Agreement and (ii) except as provided in Section 2.b of this Agreement, Grantee’s ceasing to be an Employee for any reason, whether voluntary or involuntary. Grantee’s employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. Restricted Shares shall be forfeited and transferred to the Company as of the earlier of (a) the date of forfeiture specified in Appendix I or (b) the date of Grantee's ceasing to be an Employee for any reason, whether voluntary or involuntary (except with respect to Restricted Shares as to which the Period of Restriction has previously terminated and to the extent provided in Section 4 of Appendix I of this Agreement). Grantee's employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. Restricted Shares as to which the Period of Restriction has not terminated shall be forfeited and transferred to the Company upon the first to occur of: (a) Grantee's ceasing to be an Employee for any reason, whether voluntary or involuntary (except to the extent provided in Section 4 of Appendix I of this Agreement) and (b) March 2, 2015 unless (i) with respect to Service Shares, the Committee has, on or prior to March 2, 2015, certified that the Net Income Performance Goal (as defined in Appendix I) has been achieved, (ii) with respect to First-Tier Shares, the Committee has, on or prior to March 2, 2015, certified that the First-Tier Performance Goal (as defined in Appendix I) has been satisfied, and (iii) with respect to Second-Tier Shares, the Committee has, on or prior to March 2, 2015, certified that the Second-Tier Performance Goal (as defined in Appendix I) has been achieved. Grantee's employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. Restricted Shares as to which the Period of Restriction has not terminated shall be forfeited and transferred to the Company upon the first to occur of: (a) Grantee's ceasing to be an Employee for any reason, whether voluntary or involuntary (other than for a termination of employment described in Section 2.d or a termination of employment to the extent described in Section 2.e), and (b) March 1, 2018. However, as described in Section 2 above with respect to the termination of the Period of Restriction on March 1, 2018, the Applicable Vesting Percentage of the given category of Restricted Shares shall not be forfeited as of March 1, 2018, to the extent that: (a) with respect to such Applicable Vesting Percentage of such category of Restricted Shares, the Committee has, on or prior to March 1, 2018, certified that the corresponding Three Year Average Percentile level for such Applicable Vesting Percentage has been achieved; and (b) the Grantee is an Employee on March 1, 2018. In the event of a delay of the termination of the Period of Restriction due to the Committee’s certification of the Financial Performance Criteria after March 1, 2018 (as described in the above Section 2.f), then: (A) the Restricted Shares shall not be forfeited under 3(a) above if Grantee is an Employee on March 1, 2018; and (B) the certification date shall apply in lieu of March 1, 2018, as specified in 3(b) above. Grantee's employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. Each block of Restricted Shares that remains unvested and unforfeited shall be forfeited and transferred to the Company upon the first to occur of: (i) except as provided in Section 2.c of this Agreement, Xxxxxxx’s ceasing to be an Employee for any reason, whether voluntary or involuntary; and (ii) the making of the determination that the financial performance objective applicable to the block of Restricted Shares has not been satisfied for such block under Section 2.a of this Agreement. Xxxxxxx’s employment shall not be treated as terminated in the case of a transfer of employment within the Company and its subsidiaries or in the case of sick leave and other approved leaves of absence.
Forfeiture of Unvested Restricted Shares. The Restricted Shares shall not be Transferable until vested in accordance with subsection 2(b), except as provided by subsection 3(b), and shall be forfeited, and returned by Grantee, in accordance with the Plan upon termination of Grantee’s Service unless earlier vested in accordance with subsection 2(b).
Forfeiture of Unvested Restricted Shares. (a) Each Employee and his or her Permitted Transferees shall sell to the Company, and the Company shall purchase from such Employee and his or her Permitted Transferees, all of the Restricted Shares, if any, held by such Employee and his or her Permitted Transferees that remain unvested after the close of business on the last Measuring Date (the "Forfeited Restricted Share(s)"), at a price per Forfeited Restricted Share, payable in cash, equal to the Original Cost thereof.
