Forfeiture of Unvested Restricted Stock. If a Termination Event with respect to the Grantee occurs prior to the end of the Restricted Period for any reason (other than an Accelerated Vesting Event described in Section 2(b)(ii)), then the Restricted Stock that is unvested at that time shall be forfeited to the Company under Section 3(c). Restricted Stock that is vested at such time shall not be forfeited upon such Termination Event, but shall remain subject to this Agreement.
Appears in 11 contracts
Samples: Restricted Stock Agreement (Optex Systems Holdings Inc), Restricted Stock Agreement (Superior Group of Companies, Inc.), Restricted Stock Agreement (Superior Group of Companies, Inc.)
