Common use of Forfeiture Restrictions Clause in Contracts

Forfeiture Restrictions. The Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all Restricted Stock to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Stock. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s 's employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all Restricted Stock to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock to the Company upon termination of employment are herein referred to as the “"Forfeiture Restrictions.” " The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Stock. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Prior to the lapse of the Forfeiture Restrictions, neither the Restricted Stock Award nor the Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined)of, and in the event of termination of the Employee’s employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all of his or her rights in and to the Restricted Stock Award and the Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender such rights in and to the Restricted Stock Award and the Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of the Employee’s rights in and to the Restricted StockStock Award. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of Director’s membership on the Employee’s employment with the Company Board for any reason other than death, Disability, or Involuntary Termination Disability (as such terms are hereinafter defined) or Retirement (as hereinafter defined), the Employee Director shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment Director’s membership on the Board are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Stock. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockStock Shares. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of of, and no dividends will be paid to Employee or accrue to Employee’s benefit, to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company or employing subsidiary for any reason other than death(i) normal retirement on or after age sixty-five, Disability(ii) death or (iii) disability as determined by the Company or employing subsidiary, or Involuntary Termination except as otherwise provided in the penultimate sentence of subparagraph (as such terms are hereinafter defined)b) of this Paragraph 2, the Employee shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Stock. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:Shares.

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company for any reason other than death, Disability, death or Involuntary Termination Disability (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockShares. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s 's employment with the Company for any reason other than death, Disability, Involuntary Termination, or Involuntary Termination Retirement (as such terms are hereinafter defined), the Employee employee shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment are herein referred to as the “"Forfeiture Restrictions.” " The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockShares. For purposes of this Agreementagreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the Employee’s 's employment with the Company for any reason other than death, Disability, Involuntary Termination, or Involuntary Termination Retirement (as such terms are hereinafter defined), the Employee shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment are herein referred to as the “"Forfeiture Restrictions.” " The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockShares. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of Director’s membership on the Employee’s employment with the Company Board for any reason other than death, Disability, or Involuntary Termination Disability (as such terms are hereinafter defined) or Retirement (as hereinafter defined), the Employee Director shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment Director’s membership on the Board are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockShares. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below:

Forfeiture Restrictions. The Restricted Stock Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of Director’s membership on the Employee’s employment with the Company Board for any reason other than death, Disability, death or Involuntary Termination Disability (as such terms are hereinafter defined), the Employee Director shall, for no consideration, forfeit to the Company all Restricted Stock Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock Shares to the Company upon termination of employment Director’s membership on the Board are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted StockShares. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below: