Common use of Transfer and Forfeiture of Shares Clause in Contracts

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:

Appears in 2 contracts

Samples: Restricted Stock Agreement (Coinmach Service Corp), Restricted Stock Agreement (Coinmach Service Corp)

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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 3,888 Grant Date 2,222 3,888 One-Year Anniversary of Grant Date 2,222 3,888 Two-Year Anniversary of Grant Date 2,222 3,888 Three-Year Anniversary of Grant Date 2,223 3,892 Four-Year Anniversary of Grant Date Notwithstanding the foregoing provisions of this paragraph 6, the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Agreement (Coinmach Service Corp)

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 1,111 Grant Date 2,222 1,111 One-Year Anniversary of Grant Date 2,222 1,111 Two-Year Anniversary of Grant Date 2,222 1,111 Three-Year Anniversary of Grant Date 2,223 1,112 Four-Year Anniversary of Grant Date Notwithstanding the foregoing provisions of this paragraph 6, the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Agreement (Coinmach Service Corp)

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 1,666 Grant Date 2,222 1,666 One-Year Anniversary of Grant Date 2,222 1,666 Two-Year Anniversary of Grant Date 2,222 1,666 Three-Year Anniversary of Grant Date 2,223 1,669 Four-Year Anniversary of Grant Date Notwithstanding the foregoing provisions of this paragraph 6, the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Agreement (Coinmach Service Corp)

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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 1,333 Grant Date 2,222 1,333 One-Year Anniversary of Grant Date 2,222 1,333 Two-Year Anniversary of Grant Date 2,222 1,333 Three-Year Anniversary of Grant Date 2,223 1,335 Four-Year Anniversary of Grant Date Notwithstanding the foregoing provisions of this paragraph 6, the following provisions shall apply:

Appears in 1 contract

Samples: Restricted Stock Agreement (Coinmach Service Corp)

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