Common use of Forfeited Shares Clause in Contracts

Forfeited Shares. All shares of Common Stock forfeited hereunder automatically shall revert to the Company and become canceled. Any certificate(s) representing Grant Shares which include forfeited shares shall only represent that number of Grant Shares which have not been forfeited hereunder. Upon the Company’s request, Grantee agrees for himself and any other holder(s) to tender to the Company any certificate(s) representing Grant Shares which include forfeited shares for a new certificate representing the unforfeited number of Grant Shares.

Forfeited Shares. All shares of Common Stock forfeited hereunder automatically shall revert to the Company and become canceled. Any certificate(s) representing Grant Restricted Shares which include forfeited shares shall only represent that number of Grant Restricted Shares which have not been forfeited hereunder. Upon the Company’s 's request, Grantee agrees for himself and any other holder(s) to tender to the Company any certificate(s) representing Grant Restricted Shares which include forfeited shares for a new certificate representing the unforfeited number of Grant Restricted Shares.

Forfeited Shares. All shares of Common Stock forfeited hereunder automatically shall revert to the Company and become canceled. Any certificate(s) representing Grant Shares which include forfeited shares shall only represent that number of Grant Shares which have not been forfeited hereunder. Upon the Company’s 's request, Grantee agrees for himself and any other holder(s) to tender to the Company any certificate(s) representing Grant Shares which include forfeited shares for a new certificate representing the unforfeited number of Grant Shares.