Common use of Forfeitures, etc Clause in Contracts

Forfeitures, etc. If an Option or SAR is terminated, in whole or in part for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or SAR or portion thereof may be reallocated to other Options, SARs granted, or Restricted Shares and Performance Share awards to be granted under this Plan. Any Restricted Shares that are forfeited or Performance Shares that are unearned may be reallocated to other Options or SARs granted, or Restricted Shares awarded, under this Plan.

Appears in 5 contracts

Samples: Omnibus Stock Incentive Plan (Mikron Instrument Co Inc), Omnibus Stock Incentive Plan (Mikron Instrument Co Inc), Omnibus Stock Incentive Plan (Blimpie International Inc)

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Forfeitures, etc. If an Option or SAR is terminated, in whole or in part ----------------- for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or SAR or portion thereof may be reallocated to other Options, SARs granted, or Restricted Shares and Performance Share awards to be granted under this Plan. Any Restricted Shares that are forfeited or Performance Shares that are unearned may be reallocated to other Options or SARs granted, or Restricted Shares awarded, under this Plan.

Appears in 1 contract

Samples: 2000 Omnibus Stock Incentive Plan (Blimpie International Inc)

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