Common use of Forfeiture Schedule Clause in Contracts

Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: 100% 0 % 99% 3 % 98% 6 % 97% 9 % 96% 12 % 95% 15 % 94% 18 % 93% 21 % 92% 24 % 91% 27 % 90% 30 % 89% 33 % 88% 36 % 87% 39 % 86% 42 % 85% 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 80% 100 % 100% 0 % 99% 2 % 98% 4 % 97% 6 % 96% 8 % 95% 10 % 94% 12 % 93% 14 % 92% 16 % 91% 18 % 90% 20 % 89% 22 % 88% 24 % 87% 26 % 86% 28 % 85% 30 % 84% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 3 contracts

Samples: Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/), Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/), Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

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Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: 100% 0 % 99% 3 1 % 98% 6 2 % 97% 9 3 % 96% 12 4 % 95% 15 5 % 94% 18 6 % 93% 21 7 % 92% 24 8 % 91% 27 9 % 90% 30 10 % 89% 33 14 % 88% 36 18 % 87% 39 22 % 86% 42 26 % 85% 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 30 % < 8085% 100 50 % 100% 0 % 99% 2 1 % 98% 4 2 % 97% 6 3 % 96% 8 4 % 95% 10 5 % 94% 12 6 % 93% 14 7 % 92% 16 8 % 91% 18 9 % 90% 20 10 % 89% 22 14 % 88% 24 18 % 87% 26 22 % 86% 28 26 % 85% 30 % 84% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75< 85% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 2 contracts

Samples: Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/), Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

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Forfeiture Schedule. All shares of Restricted Stock Units shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: 100% 0 % 99% 3 % 98% 6 % 97% 9 % 96% 12 % 95% 15 % 94% 18 % 93% 21 % 92% 24 % 91% 27 % 90% 30 % 89% 33 % 88% 36 % 87% 39 % 86% 42 % 85% 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 80% 100 % 100% 0 % 99% 2 % 98% 4 % 97% 6 % 96% 8 % 95% 10 % 94% 12 % 93% 14 % 92% 16 % 91% 18 % 90% 20 % 89% 22 % 88% 24 % 87% 26 % 86% 28 % 85% 30 % 84% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Lionbridge Technologies Inc /De/)

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