Common use of Melrose Clause in Contracts

Melrose. If any shares of Restricted Stock are to be forfeited, certificates representing such shares shall be delivered to the Company for reissuance in its name or cancellation and Mr. Melrose shall have no further interest in such stock.

Appears in 4 contracts

Samples: The Toro Company Chief Executive Officer Incentive Award Agreement (Toro Co), Incentive Award Agreement (Toro Co), Company Chief Executive Officer Incentive Award Agreement (Toro Co)

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Melrose. If any shares of Restricted Stock are to be forfeited, certificates representing such shares shall be delivered to the Company for reissuance in its name or cancellation and Mr. Melrose shall have no further interest in such stock. iii.

Appears in 1 contract

Samples: The Toro Company Chief Executive Officer Incentive Award Agreement (Toro Co)

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Melrose. If any shares of Restricted Stock are to be forfeited, certificates representing such shares shall be delivered to the Company for reissuance in its the name of the Company or cancellation and Mr. Melrose shall have no further interest in such stock. iii.

Appears in 1 contract

Samples: Officer Incentive Award Agreement (Toro Co)

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