Common use of Vesting of Awarded Shares Clause in Contracts

Vesting of Awarded Shares. (a) Except as provided in Section 2(b) and 2(c), the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant prior to the third anniversary of the Grant Date or (ii) ceases to retain Continuous Status as an Employee or Consultant as a result of being terminated by the Company, with or without cause, prior to the third anniversary of the Grant Date.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp), Restricted Stock Award Agreement (Lancaster Colony Corp), Restricted Stock Award Agreement (Lancaster Colony Corp)

AutoNDA by SimpleDocs

Vesting of Awarded Shares. (a) Except as provided in Section 2(b) and 2(c3(b), the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant prior to the third anniversary of the Grant Date for any reason, voluntarily or (ii) ceases to retain Continuous Status as an Employee or Consultant as a result of being terminated by the Company, with or without causeinvoluntarily, prior to the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp)

Vesting of Awarded Shares. (a) Except as provided in Section 2(b) and 2(c), the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant prior to the third anniversary of the Grant Date or (ii) ceases to retain Continuous Status as an Employee or Consultant as a result of being terminated by the Company, with or without cause, prior to the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp)

Vesting of Awarded Shares. (a) Except as provided in Section 2(b) 3(b), Section 3(c), and 2(c)Section 6, the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant prior to the third anniversary of the Grant Date for any reason, voluntarily or (ii) ceases to retain Continuous Status as an Employee or Consultant as a result of being terminated by the Company, with or without causeinvoluntarily, prior to the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp)

AutoNDA by SimpleDocs

Vesting of Awarded Shares. (a) Except as provided in Section 2(b) and 2(c), the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant a Service Provider, other than for Good Reason, prior to the third anniversary of the Grant Date or (ii) ceases to retain Continuous Status as an Employee or Consultant a Service Provider as a result of being terminated by the Company, with or without causeCompany for Cause, prior to the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp)

Vesting of Awarded Shares. (a) Except as provided in Section 2(b3(b) and 2(c3(c), the Awarded Shares shall be forfeited to the Company for no consideration in the event the Grantee (i) voluntarily ceases to retain Continuous Status as an Employee or Consultant a Service Provider, other than for Good Reason, prior to the third anniversary of the Grant Date or (ii) ceases to retain Continuous Status as an Employee or Consultant a Service Provider as a result of being terminated by the Company, with or without causeCompany for Cause, prior to the third anniversary of the Grant Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lancaster Colony Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.