Common use of Forfeiture of Unvested Shares Clause in Contracts

Forfeiture of Unvested Shares. At termination of Grantee’s employment with TriState Capital, except as provided in Section 5(c), any Unvested portion as of the date of termination of employment (after giving effect to any vesting that occurs as a result of such termination) shall be absolutely forfeited, and returned to TriState Capital for no consideration, and the Grantee and all persons who might claim through him will have no further interests under this Agreement of any kind whatsoever.

Forfeiture of Unvested Shares. At the termination of Grantee’s employment with service to TriState Capital, except as provided in Section 5(c), any Unvested portion as of the date of termination of employment service (after giving effect to any vesting that occurs as a result of such termination) shall be absolutely forfeited, and returned to TriState Capital for no consideration, and the Grantee and all persons who might claim through him will have no further interests under this Agreement of any kind whatsoever.