Termination of Service Other Than Due to Death, Disability or Retirement. If an Awardee's service on the Board terminates for a reason other than death, Disability or Retirement, the shares of Restricted Stock for which the restrictions and risk of forfeiture have not expired as of the date of termination shall be immediately forfeited without further action by the Company; provided, however, that the portion, if any, of those shares of Restricted Stock for which the restrictions and risk of forfeiture have expired as of the date of such termination shall not be forfeited.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc)
Termination of Service Other Than Due to Death, Disability or Retirement. If an Awardee's ’s service on the Board terminates for a reason other than death, Disability or Retirement, the shares of Restricted Stock for which the restrictions and risk of forfeiture have not expired as of the date of termination shall be immediately forfeited without further action by the Company; provided, however, that the portion, if any, of those shares of Restricted Stock for which the restrictions and risk of forfeiture have expired as of the date of such termination shall not be forfeited.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc)
Termination of Service Other Than Due to Death, Disability or Retirement. If an Awardee's service on the Board terminates for a reason other than death, Disability or Retirement, the shares of Restricted Stock for which the restrictions and risk of forfeiture have not expired as of the date of termination shall be immediately forfeited without further action by the Company; provided, however, that the portion, if any, of those shares of Restricted Stock for which the restrictions and risk of forfeiture have expired as of the date of such termination shall not be forfeited.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Waddell & Reed Financial Inc)