Common use of Forfeiture Period Clause in Contracts

Forfeiture Period. (a) The Restricted Stock Units shall be subject to forfeiture pursuant to paragraph 4(d) for a period (the "Forfeiture Period") commencing with the date of the award and ending on the earliest to occur of the events described in paragraphs 4(b) and 4(c). (b) The Restricted Stock Units shall vest on each consecutive anniversary date of the Grant Date with respect to one-third of the Restricted Stock Units (each such anniversary date a “Delivery Date”). (c) The Restricted Stock Units to the extent they have not vested in accordance with paragraph 4(b) and to the extent they have not previously been forfeited, shall vest upon the date of a Change in Control that occurs on or before the Date of Termination if the successor company (or parent thereof) has not either (i) assumed the Restricted Stock Units effective on the date of the Change in Control, without any modifications except as provided in the next sentence, or (ii) replaced it with comparable restricted stock units as of such date having the same intrinsic value as the Restricted Stock Units, and the same vested percentage and vesting schedule as the Restricted Stock Units. The Restricted Stock Units (if assumed) or the replacement restricted stock units shall provide for full vesting if, within the first 24 months following the date of the Change in Control, the Participant is involuntarily terminated for any or no reason or if the Participant terminates with Good Reason. (d) The Restricted Stock Units shall be automatically forfeited upon the earliest to occur of the following: (i) the Participant’s Date of Termination for any reason other than death, Disability or Retirement; or (ii) subject to the provisions of Section 5, the date the Participant engages in conduct which constitutes Restricted Activity.

Forfeiture Period. (a) The Restricted Stock Units shall be subject to forfeiture pursuant to paragraph 4(d) for a period (the "Forfeiture Period") commencing with the date of the award and ending on the earliest to occur of the events described in paragraphs 4(b) and 4(c). (b) The Restricted Stock Units shall vest on each consecutive anniversary date of the Grant Date with respect to one-third of the Restricted Stock Units (each such anniversary date a “Delivery Date”). (c) The Restricted Stock Units to the extent they have not vested in accordance with paragraph 4(b) and to the extent they have not previously been forfeited, shall vest upon the date of a Change in Control that occurs on or before the Date of Termination if the successor company (or parent thereof) has not either (i) assumed the Restricted Stock Units effective on the date of the Change in Control, without any modifications except as provided in the next sentence, or (ii) replaced it with comparable restricted stock units as of such date having the same intrinsic value as the Restricted Stock Units, and the same vested percentage and vesting schedule as the Restricted Stock Units. The Restricted Stock Units (if assumed) or the replacement restricted stock units shall provide for full vesting if, within the first 24 months following the date of the Change in Control, the Participant is involuntarily terminated for any or no reason or if the Participant terminates with Good Reason. (d) The Restricted Stock Units shall be automatically forfeited upon the earliest to occur of the following: (i) the Participant’s Date of Termination for any reason other than his involuntary termination by the Company without Cause, resignation with Good Reason, death, Disability or Retirement; or (ii) subject to the provisions of Section 5, the date the Participant engages in conduct which constitutes Restricted Activity.

Forfeiture Period. (a) The Performance Restricted Stock Units shall be subject to forfeiture pursuant to paragraph 4(d) for a period (the "Forfeiture Period") commencing with the date of the award and ending on the earliest last business day that occurs prior to occur the three-year anniversary of the events described in paragraphs 4(b) and 4(c)Grant Date. (b) The Performance Restricted Stock Units shall vest on each any trading day after the average of the closing price of the Stock over a period of any 30 consecutive anniversary date of trading days commencing on or after the Grant Date with respect to one-third of the Restricted Stock Units (each such anniversary date a “Delivery Date”)equals or exceeds $34.74. (c) The Performance Restricted Stock Units to the extent they have not vested in accordance with paragraph 4(b) and to the extent they have not previously been forfeitedforfeited pursuant to paragraph 4(d), shall vest upon the date of a Change in Control that occurs on or before the Date of Termination if the successor company (or parent thereof) has not either (i) assumed the Performance Restricted Stock Units effective on the date of the Change in Control, without any modifications except as provided in the next sentence, or (ii) replaced it with comparable restricted stock units as of such date having the same intrinsic value as the Performance Restricted Stock Units, and the same vested percentage and vesting schedule as the Performance Restricted Stock Units. The Performance Restricted Stock Units (if assumed) or the replacement restricted stock units shall provide for full vesting if, within the first 24 months following the date of the Change in Control, the Participant is involuntarily terminated for any or no reason or if the Participant terminates with Good Reason. (d) The Performance Restricted Stock Units shall be automatically forfeited upon the earliest to occur of the following: (i) the Participant’s Date of Termination for any reason reason, other than his involuntary termination by the Company without Cause, resignation with Good Reason, death, Disability or Retirement; or by the Company for Cause (except as provided in paragraph 4(c)); (ii) subject to the provisions of Section paragraph 5, the date the Participant engages in conduct which constitutes Restricted Activity; or (iii) the last business day that occurs prior to the three-year anniversary of the Grant Date, to the extent they have not vested on or before such date in accordance with paragraph 4(b) or 4(c).

Forfeiture Period. (a) The Restricted Stock Units shall be subject to forfeiture pursuant to paragraph 4(d) for a period (the "Forfeiture Period") commencing with the date of the award and ending on the earliest to occur of the events described in paragraphs 4(b) and 4(c). (b) The Restricted Stock Units shall vest on each consecutive anniversary date of the Grant Date with respect to one-third fourth of the Restricted Stock Units (each such anniversary date a “Delivery Date”). (c) The Restricted Stock Units to the extent they have not vested in accordance with paragraph 4(b) and to the extent they have not previously been forfeited, shall vest upon the date of a Change in Control that occurs on or before the Date of Termination if the successor company (or parent thereof) has not either (i) assumed the Restricted Stock Units effective on the date of the Change in Control, without any modifications except as provided in the next sentence, or (ii) replaced it with comparable restricted stock units as of such date having the same intrinsic value as the Restricted Stock Units, and the same vested percentage and vesting schedule as the Restricted Stock Units. The Restricted Stock Units (if assumed) or the replacement restricted stock units shall provide for full vesting if, within the first 24 months following the date of the Change in Control, the Participant is involuntarily terminated for any or no reason or if the Participant terminates with Good Reason. (d) The Restricted Stock Units shall be automatically forfeited upon the earliest to occur of the following: (i) the Participant’s Date of Termination for any reason other than death, Disability or Retirement; or (ii) subject to the provisions of Section 5, the date the Participant engages in conduct which constitutes Restricted Activity.

Forfeiture Period. (a) The Performance Restricted Stock Units shall be subject to forfeiture pursuant to paragraph 4(d) for a period (the "Forfeiture Period") commencing with the date of the award and ending on the earliest last business day that occurs prior to occur the three-year anniversary of the events described in paragraphs 4(b) and 4(c)Grant Date. (b) The Performance Restricted Stock Units shall vest on each any trading day after the average of the closing price of the Stock over a period of any 30 consecutive anniversary date of trading days commencing on or after the Grant Date with respect to one-third of the Restricted Stock Units (each such anniversary date a “Delivery Date”)equals or exceeds $34.74. (c) The Performance Restricted Stock Units to the extent they have not vested in accordance with paragraph 4(b) and to the extent they have not previously been forfeitedforfeited pursuant to paragraph 4(d), shall vest upon the date of a Change in Control that occurs on or before the Date of Termination if the successor company (or parent thereof) has not either (i) assumed the Performance Restricted Stock Units effective on the date of the Change in Control, without any modifications except as provided in the next sentence, or (ii) replaced it with comparable restricted stock units as of such date having the same intrinsic value as the Performance Restricted Stock Units, and the same vested percentage and vesting schedule as the Performance Restricted Stock Units. The Performance Restricted Stock Units (if assumed) or the replacement restricted stock units shall provide for full vesting if, within the first 24 months following the date of the Change in Control, the Participant is involuntarily terminated for any or no reason or if the Participant terminates with Good Reason. (d) The Performance Restricted Stock Units shall be automatically forfeited upon the earliest to occur of the following: (i) the Participant’s Date of Termination for any reason other than death, Disability or Retirement, or by the Company for Cause (except as provided in paragraph 4(c)); or (ii) subject to the provisions of Section paragraph 5, the date the Participant engages in conduct which constitutes Restricted Activity; or (iii) the last business day that occurs prior to the three-year anniversary of the Grant Date, to the extent they have not vested on or before such date in accordance with paragraph 4(b) or 4(c).