Forfeiture Procedures. In the event of the forfeiture of any Restricted Stock Units, such forfeiture shall be automatic and without further act or deed by the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 5 contracts
Samples: Restricted Stock Unit Agreement (Sonic Automotive Inc), Restricted Stock Unit Agreement (Sonic Automotive Inc), Restricted Stock Unit Agreement (Sonic Automotive Inc)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock Units, such forfeiture shall be automatic and without further act or deed by the ParticipantRecipient. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant Recipient shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 4 contracts
Samples: Performance Based Restricted Stock Unit Agreement (Speedway Motorsports Inc), Restricted Stock Unit Agreement (Speedway Motorsports Inc), Restricted Stock Unit Agreement (Speedway Motorsports Inc)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock Unitsor Option, such forfeiture shall be automatic and without further act or deed by the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 4 contracts
Samples: Stock Incentive Award Agreement (AveXis, Inc.), Stock Incentive Award Agreement (AveXis, Inc.), Stock Incentive Award Agreement (CommunityOne Bancorp)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock UnitsStock, such forfeiture shall be automatic and without further act or deed by the ParticipantRecipient. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant Recipient shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 4 contracts
Samples: Performance Based Restricted Stock Agreement (Speedway Motorsports Inc), Restricted Stock Agreement (Speedway Motorsports Inc), Restricted Stock Agreement (Sonic Automotive Inc)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock UnitsStock, such forfeiture shall be automatic and without further act or deed by the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 3 contracts
Samples: Director Restricted Stock Agreement (CommunityOne Bancorp), Restricted Stock Agreement (CommunityOne Bancorp), Restricted Stock Agreement (FNB United Corp.)
Forfeiture Procedures. In the event of the any forfeiture of any shares of Restricted Stock UnitsStock, such forfeiture shall be automatic and without further act or deed by the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Sonic Automotive Inc), Performance Based Restricted Stock Agreement (Sonic Automotive Inc)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock UnitsStock, such forfeiture shall be automatic and without further act or deed by the ParticipantNon-Employee Director. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant Non-Employee Director shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Speedway Motorsports Inc), Restricted Stock Agreement (Speedway Motorsports Inc)
Forfeiture Procedures. In the event of the any forfeiture of any the Restricted Stock UnitsStock, such forfeiture shall be automatic and without further act or deed by the Company or the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 1 contract
Forfeiture Procedures. In the event of the any forfeiture of any Restricted Stock Unitsthe Company or the Option, such forfeiture shall be automatic and without further act or deed by the Participant. Notwithstanding the foregoing, if requested by the Company (or its agent), the Participant shall execute such documents (including, without limitation, a power of attorney in favor of the Company) and take such other action deemed necessary or desirable by the Company to evidence such forfeiture.
Appears in 1 contract
