Common use of Proscribed Conduct Clause in Contracts

Proscribed Conduct. Notwithstanding anything to the contrary set forth in the Plan or this Agreement, except as otherwise set forth in an employment agreement between Participant and the Company or any of its Subsidiaries, in the event a Participant engages in Proscribed Conduct after the termination of his Service for any reason, such Participant shall forfeit all shares of Restricted Stock, whether vested or unvested. To the extent Participant disposed of any such Restricted Stock (i.e., vested Shares) prior to such forfeiture, the Company shall be entitled to Fair Market Value of such Shares at the time of the disposition.

Proscribed Conduct. Notwithstanding anything to the contrary set forth in the Plan or this Agreement, except as otherwise set forth in an employment agreement between Participant and the Company or any of its Subsidiaries, in the event a Participant engages in Proscribed Conduct after the termination of his Service for any reason, such Participant shall forfeit all shares Shares the Participant acquired upon settlement of any Restricted Stock, whether vested or unvestedStock Units. To the extent Participant disposed of any such Restricted Stock (i.e., vested Shares) Shares prior to such forfeiture, the Company shall be entitled to Fair Market Value of such Shares at the time of the disposition.

Proscribed Conduct. Notwithstanding anything to the contrary set forth in the Plan or this Agreement, except as otherwise set forth in an employment agreement between Participant and the Company or any of its Subsidiaries, in the event a Participant engages in Proscribed Conduct after the termination of his Service for any reason, such Participant shall forfeit all shares of Restricted Stock, whether vested or unvested. To the extent Participant disposed of any such Restricted Stock (i.e., vested Sharesshares) prior to such forfeiture, the Company shall be entitled to Fair Market Value of such Shares shares at the time of the disposition.