Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of Participant’s resignation or removal from the Board of Directors of the Company under circumstances that do not cause Participant to become fully vested under the terms of this Agreement.
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Samples: Restricted Stock Agreement (Remington Oil & Gas Corp), Restricted Stock Agreement (Remington Oil & Gas Corp)
Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of Participant’s termination, resignation or removal from the Board of Directors of employment with the Company under circumstances that do not cause Participant to become fully vested under the terms of this Agreement.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Remington Oil & Gas Corp), Restricted Stock Agreement (Remington Oil & Gas Corp)
Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s resignation or removal from the Board termination of Directors of Employment with the Company (or an Affiliate) under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares (nonvested portions) on 12.01 a.m. on the date of termination.
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Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested non-vested portion of the Restricted Shares in the event of Participant’s termination, resignation or removal from the Board of Directors of employment with the Company under circumstances that do not cause Participant to become fully vested under the terms of this Agreementthe Plan.
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Samples: Restricted Stock Grant Agreement
Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s resignation or removal from the Board termination of Directors of employment with the Company under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares (both vested and nonvested portions) at 12:01 a.m. on the date of termination.
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