Common use of Forfeiture Prior to Vesting Clause in Contracts

Forfeiture Prior to Vesting. Unless otherwise provided below, if Participant’s position as a Service Provider with the Company or any of its Affiliates is terminated prior to the Vesting Date for one or more of the Restricted Shares, Participant will thereupon immediately forfeit any and all unvested Restricted Shares, and the full ownership of such Restricted Shares and rights will revert to the Company. Upon such forfeiture, Participant shall have no further rights under this Agreement. For purposes of this Agreement, transfer of employment between the Company and any of its Affiliates (or between Affiliates) does not constitute a termination of Participant’s position as a Service Provider. If Participant’s position as a Service Provider with the Company or any of its Affiliates is terminated by the Company or any of its Affiliates prior to the Vesting Date due to Participant’s death or Disability, all restrictions on the Restricted Shares will lapse and cease to be effective, as of the date of Participant’s termination as a Service Provider.

Forfeiture Prior to Vesting. Unless otherwise provided belowherein, if Participant’s position as a Service Provider with the Company or any of its Affiliates is terminated prior to the Vesting Date for one or more of the Restricted Shares, Participant will thereupon immediately forfeit any and all unvested Restricted Shares, and the full ownership of such Restricted Shares and rights will revert to the Company. Upon such forfeiture, Participant shall have no further rights under this Agreement. For purposes of this Agreement, transfer of employment between the Company and any of its Affiliates (or between Affiliates) does not constitute a termination of Participant’s position as a Service Provider. If Participant’s position as a Service Provider with the Company or any of its Affiliates is terminated by the Company or any of its Affiliates prior to the Vesting Date and due to Participant’s death or Disability, all restrictions on the Restricted Shares will lapse and cease to be effective, as of the date of Participant’s termination as a Service Provider.

Forfeiture Prior to Vesting. Unless otherwise provided belowherein, if Participant’s 's position as a Service Provider with the Company or any of its Affiliates is terminated prior to the Vesting Date for one or more of the Restricted Shares, Participant will thereupon immediately forfeit any and all unvested Restricted Shares, and the full ownership of such Restricted Shares and rights will revert to the Company. Upon such forfeiture, Participant shall have no further rights under this Award Agreement. For purposes of this Award Agreement, transfer of employment between the Company and any of its Affiliates (or between Affiliates) does not constitute a termination of Participant’s 's position as a Service Provider. If Participant’s 's position as a Service Provider with the Company or any of its Affiliates is terminated by the Company or any of its Affiliates prior to the Vesting Date and due to Participant’s 's death or Disability, all restrictions on the Restricted Shares will lapse and cease to be effective, as of the date of Participant’s 's termination as a Service Provider.