Termination of Rights as Stockholder. If any Restricted Shares are forfeited in accordance with this SECTION 2, then after the date of forfeiture the Participant shall no longer have any rights as a holder of such Restricted Shares. Such Restricted Shares shall be deemed to have been forfeited in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement.
Appears in 5 contracts
Samples: Restricted Stock Agreement (Key Technology Inc), Restricted Stock Agreement (Key Technology Inc), Restricted Stock Agreement (Key Technology Inc)
Termination of Rights as Stockholder. If any Restricted Shares are forfeited in accordance with this SECTION Section 2, then after the date of forfeiture the Participant shall no longer have any rights as a holder of such Restricted Shares. Such Restricted Shares shall be deemed to have been forfeited in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement.
Appears in 3 contracts
Samples: Restricted Stock Bonus Agreement (Key Technology Inc), Restricted Stock Bonus Agreement (Key Technology Inc), Restricted Stock Agreement (Key Technology Inc)
Termination of Rights as Stockholder. If any Subject Restricted Shares are forfeited in accordance with this SECTION 2Agreement, then after the date of forfeiture the Participant shall person who is to forfeit such Subject Restricted Shares will no longer have any rights as a holder of such Subject Restricted Shares. Such Subject Restricted Shares shall will be deemed to have been forfeited in accordance with the applicable provisions hereof, whether or not the certificate(s) certificates therefor have been delivered as required by this Agreement.
Appears in 1 contract
Samples: Restricted Stock Agreement (Ami Celebrity Publications, LLC)
