Risk of Forfeiture. The Shares will be subject to a substantial risk of forfeiture. The Participant must continue to serve as a director of the Company on the Vesting Date set forth below in order to vest in the ownership of the Shares. If the Participant's directorship of the Company is terminated for any reason other than (i) death or disability, or (ii) an Approved Sale (as defined) of the Company, in either case prior to the Vesting Date, the Shares shall revert to the Company.
Appears in 3 contracts
Samples: Restricted Stock Agreement (CSK Auto Corp), Restricted Stock Agreement (CSK Auto Corp), Restricted Stock Agreement (CSK Auto Corp)
Risk of Forfeiture. The Shares will be subject to a substantial risk of forfeiture. The Participant must continue to serve as a director of the Company on the Vesting Date Dates set forth below in order to vest in the ownership of the Shares. If the Participant's directorship of the Company is terminated for any reason other than (i) death or disability, or (ii) an Approved Sale (as defined) of the Company, in either case prior to the Vesting Date, the Shares shall revert to the Company.
Appears in 2 contracts
Samples: Restricted Stock Agreement (CSK Auto Corp), Restricted Stock Agreement (CSK Auto Corp)
Risk of Forfeiture. The Restricted Shares will be subject to a substantial risk of forfeiture. The Participant must continue to serve as a director an Employee or Director of the Company or any Subsidiary or Parent of the Company on the Vesting Date Dates as defined and set forth below in order for the Restricted Shares to vest in the ownership of the Shares. If the Participant's directorship of the Company is terminated for any reason other than (i) death or disability, or (ii) an Approved Sale (as defined) of the Company, in either case prior to the Vesting Date, the Shares shall revert to the Company.fully
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