Vesting and Forfeiture of Restricted Shares. All Restricted Shares shall be unvested unless and until they become vested and nonforfeitable in accordance with this Paragraph 1. Subject to the terms and conditions of this Award Agreement and the Plan, one-third (1/3) of the Restricted Shares awarded hereunder shall vest on each of the first, second and third anniversary of the Grant Date (each a “Vesting Date”), provided that the Participant is continuously employed by the Company or a Subsidiary through the applicable Vesting Date. Notwithstanding the foregoing:
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Samples: Restricted Stock Award Agreement (Tenneco Inc), Restricted Stock Award Agreement (Tenneco Inc), Restricted Stock Award Agreement (Tenneco Inc)
Vesting and Forfeiture of Restricted Shares. All Restricted Shares shall be unvested unless and until they become vested and nonforfeitable in accordance with this Paragraph 1. Subject to the terms and conditions of this Award Agreement and the Plan, one-third fifty percent (1/350%) of the Restricted Shares awarded hereunder shall vest on each of the first, second and third anniversary fourth anniversaries of the Grant Date (each a “Vesting Date”), provided that the Participant is continuously employed by the Company or a Subsidiary through the applicable Vesting Date. Notwithstanding the foregoing:
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