Common use of Risk of Forfeiture Clause in Contracts

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 4 contracts

Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc)

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate service as a Non-Employee Consultant under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 3 contracts

Samples: Non Employee Consultant Restricted Stock Agreement (Tetra Technologies Inc), Non Employee Consultant Restricted Stock Agreement (Tetra Technologies Inc), Non Employee Consultant Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 3 contracts

Samples: Non Employee Director Restricted Stock Agreement (Tetra Technologies Inc), Non Employee Director Restricted Stock Agreement (Tetra Technologies Inc), Non Employee Director Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 2 contracts

Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 2 contracts

Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the PlanPlan and this Restricted Stock Agreement.

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Agreement (Allis Chalmers Energy Inc.)

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate service as a Consultant under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 1 contract

Samples: Non Employee Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 1 contract

Samples: Employee Restricted Stock Agreement (Allis Chalmers Energy Inc.)

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