Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates for any reason, other than death, disability, or retirement, all unvested shares of Restricted Stock will be forfeited to and reacquired by the Company at no cost to the Company, automatically and immediately.
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Samples: Restricted Stock Agreement (1st Constitution Bancorp), Restricted Stock Agreement (1st Constitution Bancorp)
Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates for any reason, reason other than death, death or disability, or retirement, all unvested shares of Restricted Stock will be forfeited to and reacquired by the Company at no cost to the Company, automatically automatically, immediately, and immediatelywithout further action on the part of the Participant.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Two River Bancorp), Restricted Stock Agreement (Community Partners Bancorp)
Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates for any reason, reason other than death, disability, death or retirementDisability, all unvested shares of Restricted Stock will be forfeited to and reacquired by the Company at no cost to the Company, automatically and immediately.
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Termination of Employment for Other Reasons. Upon termination of the Participant’s employment with the Company or its subsidiaries or affiliates for any reason, reason other than death, disability, death or Disability [or retirement], all unvested shares of Restricted Stock will be forfeited to and reacquired by the Company at no cost to the Company, automatically and immediately.
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