Common use of Shares Subject to Forfeiture Clause in Contracts

Shares Subject to Forfeiture. In the event that Executive's employment with the Company is terminated before April 30, 2017, Executive will forfeit all right to the Shares. Notwithstanding the previous sentence, if Executive's employment is terminated before that date and after April 30, 2016 for a Triggering Event (as defined below), all of the Shares will become immediately vested and nonforfeitable.

Appears in 2 contracts

Samples: Employment Agreement (Heska Corp), Restricted Stock Grant Agreement (Heska Corp)

AutoNDA by SimpleDocs

Shares Subject to Forfeiture. In the event that Executive's employment with the Company is terminated before April 30, 2017, Executive will forfeit all right to the Shares. Notwithstanding the previous sentence, if Executive's employment is terminated before that date and after April 30, 2016 2015 for a Triggering Event (as defined below), all of the Shares will become immediately vested and nonforfeitable.

Appears in 2 contracts

Samples: Employment Agreement (Heska Corp), Restricted Stock Grant Agreement (Heska Corp)

Shares Subject to Forfeiture. In the event that Executive's employment with the Company is terminated before April 30, 2017, Executive will forfeit all right to the Shares. Notwithstanding the previous sentence, if Executive's employment is terminated before that date and after April 30, 2016 for a Triggering Event (as defined below), all of the Shares will become immediately vested and nonforfeitable.

Appears in 2 contracts

Samples: Employment Agreement (Heska Corp), Restricted Stock Grant Agreement (Heska Corp)

AutoNDA by SimpleDocs

Shares Subject to Forfeiture. In the event that Executive's employment with the Company is terminated before April 30, 2017, Executive will forfeit all right to the Shares. Notwithstanding the previous sentence, if Executive's employment is terminated before that date and after April 30, 2016 for a Triggering Event (as defined below), all 5,000 of the Shares will become immediately vested and nonforfeitable.. In addition:

Appears in 1 contract

Samples: Employment Agreement (Heska Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!