Common use of Transfer and Forfeiture of Shares Clause in Contracts

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. 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.(3Units.(2)

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)Units.

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 . As of all restrictions on the Delivery Date, the Participant shall receive one share of Stock for each Restricted Stock Unit in which the Participant is then vested, subject to the terms of this Agreement and the Plan. 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)Units.