Common use of Unvested Shares Subject to Forfeiture Clause in Contracts

Unvested Shares Subject to Forfeiture. In the event that Participant terminates service with the Company for any reason prior to the Vesting Date, including disability, voluntary or involuntary termination of employment, any unvested portion of the Shares shall be forfeited to the Company as of the date of termination of service.

Appears in 4 contracts

Samples: Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc)

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Unvested Shares Subject to Forfeiture. In the event that Participant terminates service with the Company for any reason prior to the Vesting DateDate and prior to age 65, including disability, voluntary or involuntary termination of employment, any unvested portion of the Shares shall be forfeited to the Company as of the date of termination of service.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (First Interstate Bancsystem Inc), Restricted Stock Grant Agreement (First Interstate Bancsystem Inc)

Unvested Shares Subject to Forfeiture. In the event that Participant terminates service Continuous Service with the Company for any reason prior to the Vesting Datereason, including disability, voluntary or involuntary termination Disability of employmentParticipant, any unvested portion of the Shares held by Participant as of the date of such termination of Continuous Service shall be forfeited to the Company as of the date of termination of serviceContinuous Service at the Purchase Price per Share set forth above.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (New Frontier Media Inc)

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Unvested Shares Subject to Forfeiture. In the event that Participant terminates service with the Company for any reason prior to the Vesting Datereason, including disability, voluntary or involuntary termination of employment, any unvested portion of the Shares shall be forfeited to the Company as of the date of termination of service.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (First Interstate Bancsystem Inc)

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