Transfer and Forfeiture of Shares. If the Restricted Period with respect to the Covered Shares ends on or before the date the Director ceases to be a director of the Company, then at the end of such Restricted Period, the Covered Shares shall be transferred to the Director free of all restrictions. If the Restricted Period with respect to the Covered Shares does not end on or before the date the Director ceases to be a director of the Company, then as of the date the Director ceases to be a director of the Company, the Director shall forfeit all Covered Shares.
Transfer and Forfeiture of Shares. (a) Except as otherwise provided in this Agreement, and provided the Participant’s Date of Termination does not occur during the Restricted Period, then, at the end of the Restricted Period, the Participant shall become vested in the shares of Restricted Stock, and shall own the shares free of all restrictions otherwise imposed by this Agreement. The Participant shall become vested in the shares of Restricted Stock, and become owner of the shares free of all restrictions otherwise imposed by this Agreement, prior to the end of the Restricted Period, as follows:
Transfer and Forfeiture of Shares. Subject to the terms hereof, shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered until the expiration of the Restriction Period. Except as otherwise expressly provided in paragraph 6, if the Termination of Service occurs prior to the end of the Restriction Period, the Executive shall forfeit the shares of Restricted Stock effective as of the date of the Termination of Service.
Transfer and Forfeiture of Shares. If the Restricted Period with respect to any Installment of the Covered Shares ends on or before the Participant’s Date of Termination, then at the end of such Restricted Period, that Installment of Covered Shares shall be transferred to the Participant free of all restrictions (except for restrictions described in paragraph 10). If the Restricted Period with respect to any Installments does not end on or before the Participant’s Date of Termination, then as of the Participant’s Date of Termination, the Participant shall forfeit such Installments. However, the Committee, in its sole discretion, may accelerate the end of the Restricted Period or provide for the vesting of the Covered Shares under circumstances that such vesting would not otherwise occur in its sole discretion, based on such factors as the Committee deems appropriate.
Transfer and Forfeiture of Shares. If the Date of Termination (as defined below) does not occur during the Restricted Period with respect to any Installment of the Covered Shares, then, at the end of the Restricted Period for such shares, the Participant shall become vested in those Covered Shares, and shall own the shares free of all restrictions otherwise imposed by this Agreement. With respect to all Covered Shares, the “Restricted Period” shall begin on the Grant Date. The “Restricted Period” with respect to each Installment shown on the schedule shall end on the Vesting Date applicable to such Installment: VESTING DATE APPLICABLE TO INSTALLMENT INSTALLMENT 2,222 Grant Date 2,222 One-Year Anniversary of Grant Date 2,222 Two-Year Anniversary of Grant Date 2,222 Three-Year Anniversary of Grant Date 2,223 Four-Year Anniversary of Grant Date Notwithstanding the foregoing provisions of this paragraph 6, the following provisions shall apply:
Transfer and Forfeiture of Shares. If the Restricted Period with respect to the Restricted Stock Units ends on or before the date the Director ceases to be a director of the Company, then at the end of such Restricted Period, the Restricted Stock Units shall be fully vested, and shall be transferred to the Director free of all restrictions on the Delivery Date. If the Restricted Period with respect to the Restricted Stock Units does not end on or before the date the Director ceases to be a director of the Company, then as of the date the Director ceases to be a director of the Company, the Director shall forfeit all Restricted Stock Units.(3)
Transfer and Forfeiture of Shares. (a) If the Participant’s Date of Termination (as defined above) does not occur during a Restricted Period, then, at the end of such Restricted Period, the Participant shall become vested in one hundred percent (100%) of the shares of Restricted Stock, and shall own such shares free of all restrictions otherwise imposed by this Agreement. A certificate reflecting the number of shares of Stock so vested shall be delivered to the Participant as soon as practicable after the end of such Restricted Period, but in any event no later than the fifteenth (15th) day following the end of the applicable Restricted Period. Notwithstanding the foregoing, in the event a Change in Control, as defined in the Plan, occurs on or prior to the first anniversary of the Grant Date and prior to the Participant’s Date of Termination, all of the Participant’s shares of Restricted Stock shall immediately vest and become non-forfeitable.
Transfer and Forfeiture of Shares. Grantee shall forfeit any Installment of Covered Shares for which the Restricted Period has not expired as of a Date of Termination. If a Date of Termination does not occur during a Restricted Period with respect to an Installment of the Covered Shares, then, at the end of the Restricted Period that is applicable for such Installment, Grantee shall become vested in those Covered Shares, and such Installment shall be transferred to Grantee free of all restrictions otherwise imposed by this Agreement.
Transfer and Forfeiture of Shares. Except as otherwise provided in Section 7, the Participant shall immediately and automatically forfeit to the Company any Installment of Restricted Stock with respect to which the Date of Termination occurs during the Restricted Period (or with respect to which the Participant has failed to pay to the Company in cash or by check of, within 30 days of request by the Company, an amount equal to the amount the Company is required to withhold under governing tax laws with respect to such Installment of Restricted Stock). If the Date of Termination does not occur during the Restricted Period with respect to any Installment of shares of Restricted Stock, then, at the end of the Restricted Period for such shares, the Participant shall become vested in those shares of Restricted Stock, and shall own the shares free of all restrictions imposed by Sections 5 and 9 of this Agreement.
Transfer and Forfeiture of Shares. (a) Except as otherwise provided in this Agreement, and provided the Participant’s Date of Termination has not occurred on or before the applicable vesting date, Performance Share Units earned in accordance with the provisions of Sections 3 and 4 shall vest and payment of Stock for such earned and vested Performance Share Units shall be made as soon as practicable after the vesting date set forth in Section 5(b), provided, however, in all events such payment shall be made prior to the date that is 2 1/2 months after the calendar year in which the Performance Share Units become vested.
