Common use of Vesting and Forfeiture of Restricted Shares Clause in Contracts

Vesting and Forfeiture of Restricted Shares. (a) The Restricted Shares shall vest on the third anniversary of the Grant Date; provided, however, that the Participant must be in continuous Employment from the Grant Date through the vesting date in order for the Restricted Shares to vest. If the Employment of the Participant is terminated for any reason (including non-Mandatory Retirement) other than one listed in subparagraph (b)(i) – (iv) of this Paragraph 2, any Restricted Shares that have not vested as of the date of such termination of Employment shall be immediately and 100% forfeited to the Corporation.

Vesting and Forfeiture of Restricted Shares. (a) The Restricted Shares shall vest on the third anniversary of the Grant Date; provided, however, that the Participant must be in continuous Employment from the Grant Date through the vesting date in order for the Restricted Shares to vest. If the Employment of the Participant is terminated for any reason (including non-Mandatory Retirement) other than one listed in subparagraph (b)(i) – (iv) of this Paragraph 2death or Mandatory Retirement, any Restricted Shares that have not vested as of the date of such termination of Employment shall be immediately and 100% forfeited to the Corporation.

Vesting and Forfeiture of Restricted Shares. (a) The Restricted Shares shall vest in full on the third anniversary of the Grant Date; provided, however, that the Participant must be in continuous Employment from the Grant Date through the vesting date in order for the Restricted Shares to vestvest on such date. If the Employment of the Participant is terminated for any reason (including non-Mandatory Retirement) other than one listed ), except as provided for in subparagraph (b)(i) – (ivSection 2(b) of this Paragraph 2Award Agreement, any Restricted Shares that have not vested as of the date of such termination of Employment shall be immediately and 100% forfeited to the Corporation.