Forfeiture Condition definition

Forfeiture Condition means the forfeiture condition described in Section 2.
Sample 1Sample 2Sample 3
Forfeiture Condition has the meaning set forth in Section 9.2 of the Purchase Agreement.
Sample 1

Examples of Forfeiture Condition in a sentence

  • Subject to Sections 2 and 3, the Shares shall vest in three tranches (each, a “Vesting Tranche” and collectively, the “Vesting Tranches”) in accordance with Subsection 1(a) of this Agreement and applicable provisions of the Plan, but in each case only if a Forfeiture Condition described in Subsection 1(b) below has not previously occurred.

  • The Forfeiture Condition shall lapse and the Restricted Shares shall become vested in accordance with the vesting schedule set forth in the Summary of Stock Grant.

  • Neither the statutes nor Tennessee cases provide a clear answer to this issue.

  • An Option will lapse on the occurrence of a Forfeiture Condition relating to that Option, unless the Board determines otherwise.

  • Except for the Forfeiture Condition and the Transfer Restrictions, the Participant shall have all rights of a shareholder (including voting and dividend rights) with respect to the Shares.

  • Quality measures have been included both within the local quality requirements, the reporting requirements and the information schedule, in order to strengthen the level of information available to the CCG.

  • Regarding the conditions upon which the shares were allocated i.e. the Restriction Period and the Forfeiture Condition as mentioned in paragraphs 1(3)(d), (e) and (f), the Appellant contends that they do not affect his beneficial ownership.

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  • Restricted Shares, together with any other assets or securities held in escrow hereunder, shall be (i) surrendered to the Company for forfeiture and cancellation in the event that the Forfeiture Condition applies or (ii) released to the Transferee upon the Transferee’s request to the extent the Transferred Shares are no longer Restricted Shares (but not more frequently than once every six months).

  • The Administrator may, at its sole discretion, accelerate the vesting and waive the Forfeiture Condition, at any time.


More Definitions of Forfeiture Condition

Forfeiture Condition means the forfeiture condition described inSection 2.
Sample 1

Related to Forfeiture Condition

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).