Common use of Vesting/Lapse of Forfeiture Restrictions Clause in Contracts

Vesting/Lapse of Forfeiture Restrictions. (a) Subject to Sections 5.2 and 5.3, the Restricted Matching Shares shall Vest on the third anniversary of the Date of Grant provided that the following requirements are satisfied: (i) Participant's Service has been continuous from the Date of Grant through the third anniversary of the Date of Grant, and (ii) Participant has maintained continuous ownership of the Restricted Qualifying Shares from the Date of Grant through the third anniversary of the Date of Grant.

Appears in 4 contracts

Samples: Restricted Share Agreement (Core Laboratories N V), Restricted Share Agreement (Core Laboratories N V), Restricted Share Agreement (Core Laboratories N V)

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