Common use of Substantial Risk of Forfeiture Clause in Contracts

Substantial Risk of Forfeiture. Each grant of an Award shall provide that the Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the meaning of Code Section 83 for a period time as designated by Section 2.7, and any such Award may provide for the earlier termination of such risk of forfeiture in the event of change of control of the Company or other similar transaction or event.

Appears in 2 contracts

Samples: Compensation Plan Grant Agreement (H&r Block Inc), Compensation Plan Grant Agreement (H&r Block Inc)

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Substantial Risk of Forfeiture. Each grant of an Award shall provide that the Restricted Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the meaning of Code Section 83 for a period time as designated to be determined by Section 2.7the Board on the Grant Date, and any such Award grant or sale may provide for the earlier termination of such risk of forfeiture in the event of a change of in control of the Company or other similar transaction or event.

Appears in 1 contract

Samples: Omnibus Stock Incentive Plan (RBB Bancorp)

Substantial Risk of Forfeiture. Each grant of an Award shall provide that the Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the meaning of Code Section 83 for a period time as designated to be determined by Section 2.7the Committee on the Award Date, and any such Award may provide for the earlier termination of such risk of forfeiture in the event of change of control of the Company or other similar transaction or event.

Appears in 1 contract

Samples: Award Agreement (H&r Block Inc)

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Substantial Risk of Forfeiture. Each grant of an Award shall provide that the Restricted Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the meaning of Code Section 83 for a period time as designated to be determined by Section 2.7the Committee on the Grant Date, and any such Award grant or sale may provide for the earlier termination of such risk of forfeiture in the event of a change of in control of the Company or other similar transaction or event.

Appears in 1 contract

Samples: Home Depot Inc

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