Common use of Unvested Shares Subject to Forfeiture Clause in Contracts

Unvested Shares Subject to Forfeiture. Subject to the other subsections of this Section 2, upon any cessation of the Participant’s service with the Company (whether initiated by the Company, Participant or otherwise): (i) any Restricted Shares which have not vested pursuant to this Section 2 will immediately and automatically, without any action on the part of the Company or payment of any consideration to Participant, be forfeited, and (ii) the Participant will have no further rights with respect to such forfeited Restricted Shares.