Common use of Stock Retention Clause in Contracts

Stock Retention. The Participant acknowledges and agrees that the Shares to be delivered upon vesting of the Stock Grant shall be subject to the Company’s stock retention requirements , which will be specified in the Notice of Grant. In the event that the Participant fails to comply with the stock retention requirements of this Section 10 and the Notice of Grant, the Participant shall be subject to such disciplinary action as the Committee determines, in its sole discretion, to be appropriate under the circumstances, including, but not limited to, termination of employment.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Manning & Napier, Inc.), Restricted Stock Award Agreement (Manning & Napier, Inc.), Restricted Stock Award Agreement (Manning & Napier, Inc.)

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