Lapse of Forfeiture Restrictions (Vesting). Provided that Employee has been continuously employed by the Company from the Date of Grant through _______________ (the “Lapse Date”), and in compliance with the Agreement and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, on the Lapse Date. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b). Except as provided in Subsection (c) below, any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit (Rsu) Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that Employee has been continuously employed by the Company from the Date of Grant through _______________ (the scheduled “Lapse (Vesting) Date”)” set forth in the following schedule, and in compliance with the Agreement Exhibit A and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, on with respect to a percentage of the Lapse Date. Restricted Stock Units determined in accordance with the following schedule: [TBD] [TBD] Except as provided in Subsection (c3(c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b). Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Expro Group Holdings N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that Employee has been continuously employed by the Company from the Date of Grant through _______________ the scheduled Lapse (Vesting) Date set forth in the “Lapse Date”)following schedule, and in compliance with the Agreement Exhibit A and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, on with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Percentage of Total Number of RSUs as to Which Lapse Date. (Vesting) Date Forfeiture Restrictions Lapse [TBD] [TBD] Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b). Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit (Rsu) Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through _______________ (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through the _______________ th of February, 2024 (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on for each vested Restricted Stock Unit as soon as practicable after the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date but in no event later than seventy-five (75) days after the end of the Performance Period. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Expro Group Holdings N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through the _______________ th of February, 2023 (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on for each vested Restricted Stock Unit as soon as practicable after the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date but in no event later than seventy-five (75) days after the end of the Performance Period. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Expro Group Holdings N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through _______________ the 22nd of February, 2025 (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on for each vested Restricted Stock Unit as soon as practicable after the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date but in no event later than seventy-five (75) days after the end of the Performance Period. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Expro Group Holdings N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that Employee has been continuously employed by the Company from the Date of Grant through ____________________ (the “Lapse Date”), and in compliance with the Retention Agreement and the Employee Confidentiality and Restrictive Covenant Agreement, each dated ____________________ between Employee and the Company (the “Retention and Confidentiality Agreements”) and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, on the Lapse Date. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b). Except as provided in Subsection (c) below, any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through _________________________ (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date. Except as provided in Subsection (c) below, any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through _______________ the 22nd of February, 2024 (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on for each vested Restricted Stock Unit as soon as practicable after the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date but in no event later than seventy-five (75) days after the end of the Performance Period. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit (Rsu) Agreement (Expro Group Holdings N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through _______________ (the scheduled “Lapse (Vesting) Date”), (i) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Employee Restricted Stock Unit (Rsu) Agreement (Frank's International N.V.)
Lapse of Forfeiture Restrictions (Vesting). Provided that that: (i) Employee has been continuously employed by the Company from the Date of Grant through the _____ of ____________________ 20__ (the scheduled “Lapse (Vesting) Date”), (ii) the Company attains the Performance Criteria as described on Exhibit A, and (iii) Employee is in compliance with the Agreement Exhibit B and all other agreements or obligations to the Company, the Forfeiture Restrictions shall lapse, and the number of Restricted Stock Units will vest, as determined on the Lapse DateExhibit A shall become vested. Except as provided in Subsection (c) below, the Company will issue one share of Common Stock to Employee on for each vested Restricted Stock Unit as soon as practicable after the date each RSU is scheduled to become vested under this Section 3(b)Lapse (Vesting) Date but in no event later than seventy-five (75) days after the end of the Performance Period. Except as provided in Subsection (c) below, any Any Restricted Stock Units with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 3(b) (and any associated unvested dividend equivalents) shall be forfeited to the Company for no consideration as of the date of the termination of Employee’s employment with the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Expro Group Holdings N.V.)