Common use of Unearned Shares Clause in Contracts

Unearned Shares. Any Performance Shares not awarded as shares of Common Stock on a Normal Vesting Date will expire and be forfeited; such Performance Shares may not be carried forward for any additional Performance Period.

Appears in 11 contracts

Samples: Performance Share Agreement (Valero Energy Corp/Tx), Performance Share Agreement (Valero Energy Corp/Tx), Performance Share Agreement (Valero Energy Corp/Tx)

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