Common use of Forfeiture Upon Termination of Employment Clause in Contracts

Forfeiture Upon Termination of Employment. In the event the Participant’s employment with the Company is terminated for any reason other than those described in Sections 3(b) and 3(c) above, any Unvested Shares shall be forfeited by the Participant as of the date of termination.

Appears in 4 contracts

Samples: Award Agreement (Westway Group, Inc.), Award Agreement (Westway Group, Inc.), Award Agreement (Westway Group, Inc.)

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Forfeiture Upon Termination of Employment. In Except as otherwise provided in the Severance Agreement, in the event the Participant’s employment with the Company is terminated for any reason other than those described in Sections 3(b) and 3(c) above, any Unvested Shares shall be forfeited by the Participant as of the date of termination.

Appears in 2 contracts

Samples: Award Agreement (Westway Group, Inc.), Restricted Stock Award Agreement (Westway Group, Inc.)

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