Common use of Forfeiture Risk Clause in Contracts

Forfeiture Risk. The Participant hereby (i) appoints the Company as the limited attorney-in-fact of the Participant to take such actions as may be necessary or appropriate solely to effectuate a transfer of the record ownership of any such shares that are unvested and forfeited hereunder and (ii) agrees to sign such stock powers and take such other actions as the Company may reasonably request to accomplish the transfer of any unvested Restricted Shares that are forfeited hereunder. The Company does hereby indemnify and hold harmless the Participant from any wrongful use of the power of attorney granted above.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Booz Allen Hamilton Holding Corp), Restricted Stock Agreement (Booz Allen Hamilton Holding Corp), Restricted Stock Agreement (Booz Allen Hamilton Holding Corp)

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Forfeiture Risk. The Participant hereby (i) appoints the Company as the limited attorney-in-fact of the Participant to take such actions as may be necessary or appropriate solely to effectuate a transfer of the record ownership of any such shares that are unvested and forfeited hereunder and (ii) agrees to sign such stock powers and take such other actions as the Company may reasonably request to accomplish the transfer of any unvested Restricted Shares that are forfeited hereunder. The Company does hereby indemnify and hold harmless the Participant from any wrongful use of the power of attorney granted above.

Appears in 1 contract

Samples: Restricted Stock Agreement (PQ Group Holdings Inc.)

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