Forfeiture Provisions definition

Forfeiture Provisions means the circumstances (if any) in which the Board decides that Shares may be subject to forfeiture as described in rule 6.7 (Forfeiture Provisions) in relation to Free Shares, and rule 8.7 (Forfeiture Provisions) in relation to Matching Shares;
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Forfeiture Provisions means the circumstances (if any) in which the Board decides that Shares may be subject to forfeiture as described in condition 6.7 (Forfeiture Provisions) in relation to Free Shares, and condition 8.7 (Forfeiture Provisions) in relation to Matching Shares;
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Examples of Forfeiture Provisions in a sentence

  • A Non-Participating Party in the Execution AFE for the initial Development System is subject to Article 16.2 (Acreage Forfeiture Provisions).

  • If the Execution AFE was for a Subsequent Development Phase, the Non-Participating Party shall not be subject to Article 16.2 (Acreage Forfeiture Provisions) in regard to that AFE.

  • In this context, "restriction" means the expiration of the Forfeiture Provisions of the Stock issued hereunder.

  • The provisions of this Section 2.7 shall apply to each share of Common Stock acquired upon exercise of an option granted under any stock option or incentive plan of the Company that as of the Effective Date is subject to Forfeiture Provisions ("Option Restricted Stock").

  • If a Non-Consent Operation, other than a Non-Consent Operation under Articles 16.2 (Acreage Forfeiture Provisions) and 16.4 (Operations to Maintain a Designated Prospect), results in a dry hole and fails to obtain Hydrocarbon production or, if Hydrocarbon production ceases prior to complete recoupment by the Participating Parties, then the Non-Participating Party's Working Interest which has been relinquished shall revert to the Non-Participating Party.

  • A Non- Participating Party in the Execution AFE for the initial Development System is subject to Article 16.2 (Acreage Forfeiture Provisions).

  • If Holder presents the Company with such an opinion from Holder's Counsel, the Company shall revise the Agreement to delete such Forfeiture Provisions accordingly.

  • Forfeiture Provisions......................................................................

  • Participant’s aggregate liability for the Indemnification Obligations and the Forfeiture Provisions shall not in any event exceed the total Fixed Number of Shares issuable under the Jaguar RSUs held by Participant.

  • If you incur a Separation from Service with the Company Group for any reason before the Third Anniversary Date of Award, the Forfeiture Restrictions then applicable to the RSUs shall not lapse and the number of RSUs then subject to the Forfeiture Restrictions shall be forfeited to the Company on the date of your Separation from Service, except that the Committee, at its sole option and election, may permit the Forfeiture Provisions to lapse only in part if you are terminated without cause.