Common use of For Other Reasons Clause in Contracts

For Other Reasons. In the event the Participant ceases to be an Employee of the Company for any reason other than the reasons set forth in Section 5(a), 5(b), 5(c) or 5(d) of this Agreement during a Period of Restriction, all shares of Restricted Stock granted hereunder and held by the Participant at the time of employment termination shall be forfeited by the Participant to the Company. The Company shall have the right, at the sole discretion of the Committee, to vest all or any portion of the Restricted Stock grant held by the Participant that would otherwise be forfeited.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Kaiser Aluminum Corp), Restricted Stock Award Agreement (Kaiser Aluminum Corp), Restricted Stock Award Agreement (Kaiser Aluminum Corp)

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For Other Reasons. In the event the Participant ceases to be an Employee of the Company for any reason other than the reasons set forth in Section 5(a), 5(b), 5(c) or 5(d5(c) of this Agreement during a Period of Restriction, all shares of Restricted Stock granted hereunder and held by the Participant at the time of employment termination and still subject to the restrictions on transfer pursuant to Section 7 of this Agreement shall be forfeited by the Participant to the Company. The Upon forfeiture of the Restricted Stock, the Company shall have the right, at the sole discretion of the Committee, to vest all or any portion of the Restricted Stock grant held by the Participant that would otherwise be forfeitedParticipant.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Kaiser Aluminum Corp), Restricted Stock Award Agreement (Kaiser Aluminum Corp)

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For Other Reasons. In the event the Participant ceases to be an Employee of the Company for any reason other than the reasons set forth in Section 5(a), 5(b), 5(c) or 5(d5(c) of this Agreement during a Period of Restriction, all shares of Restricted Stock granted hereunder and held by the Participant at the time of employment termination shall be forfeited by the Participant to the Company. The Company shall have the right, at the sole discretion of the Committee, to vest all or any portion of the Restricted Stock grant held by the Participant that would otherwise be forfeited.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Kaiser Aluminum Corp)

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