Common use of Forfeiture Rights Clause in Contracts

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the Recipient’s status as a Service Provider to the Company has terminated, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any forfeiture of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of such Restricted Shares and such Restricted Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the Recipient’s status as a Service Provider to 's employment with the Company has terminatedterminates for any reason, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any forfeiture of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of such Restricted Shares and such Restricted Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the Recipient’s 's status as a Service Provider to the Company has terminatedterminates for any reason, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any forfeiture of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of such Restricted Shares and such Restricted Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the applicable Vesting Date, the Recipient’s status as a Service Provider to 's employment with the Company has terminatedterminates for any reason, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any forfeiture of all or any portion of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of such portion of the forfeited Restricted Shares and such forfeited Restricted Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the RecipientDirector’s status as a Service Provider to director of the Company has terminated, other than in connection with his or her voluntary retirement or as described in section 2(c)(iiSection 2(c)(i) or (ii) below. Upon any forfeiture of the shares of Restricted Shares Stock awarded hereunder pursuant to this section Section 2(b), Recipient the Director shall have no rights as a holder of such Restricted Shares Stock and such shares of Restricted Shares Stock shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the Recipient’s status as a Service Provider to employment with the Company has terminatedterminates for any reason, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any forfeiture of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of such Restricted Shares and such Restricted Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.

Forfeiture Rights. The Unvested Shares shall immediately be forfeited to the Company if, prior to the Vesting Date, the Recipient’s status as a Service Provider to employment with the Company has terminatedControl Group terminates for any reason, other than in connection with his or her voluntary retirement or as described in section 2(c)(ii) below. Upon any such forfeiture of the Restricted Shares pursuant to this section 2(b), Recipient shall have no rights as a holder of to such Restricted Unvested Shares and such Restricted Unvested Shares shall be deemed transferred to the Company, and the Company shall be deemed the owner and holder of such shares.