Common use of Status of Forfeited Grant Shares Clause in Contracts

Status of Forfeited Grant Shares. Any of the Unvested Shares that are forfeited by the Grantee pursuant to this Agreement shall return to the status of authorized, but unissued, shares of the Company in accordance with the Plan.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Umpqua Holdings Corp), Restricted Stock Award Agreement (Umpqua Holdings Corp), Restricted Stock Award Agreement (Umpqua Holdings Corp)

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Status of Forfeited Grant Shares. Any of the Unvested Shares that are forfeited by the Grantee Participant pursuant to this Agreement shall return to the status of authorized, but unissued, shares of the Company in accordance with the Plan.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Umpqua Holdings Corp), Restricted Stock Award Agreement (Umpqua Holdings Corp)

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