Common use of Shares Subject to Forfeiture Clause in Contracts

Shares Subject to Forfeiture. The Shares are subject to time-based and performance-based vesting requirements. a. The Shares will vest on the third anniversary of the Grant Date, but only if the Company has earned Operating Cash Flow of $___________ in either calendar year 20__, 20__ or 20__. For this purpose, “Operating Cash Flow” means operating income plus depreciation plus amortization, calculated in the sole discretion of the Company.

Shares Subject to Forfeiture. The Shares are subject to time-based and performance-based vesting requirements. a. The Shares will vest on the third anniversary of the Grant Date, but only if the Company has earned Operating Cash Flow of $___________ $ in either any of calendar year 20__, 20__ or 20__. For this purpose, “Operating Cash Flow” means operating income plus depreciation plus amortization, calculated in the sole discretion of the Company.

Shares Subject to Forfeiture. The Shares are subject to time-based and performance-based vesting requirements. a. The Shares will vest on the third anniversary of the Grant Date, but only if the Company has earned Operating Cash Flow of $___________ in either any of calendar year 20__, 20__ or 20__. For this purpose, “Operating Cash Flow” means operating income plus depreciation plus amortization, calculated in the sole discretion of the Company.