Common use of Forfeiture of Award Clause in Contracts

Forfeiture of Award. Except as provided in another written agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of death, Disability or Qualifying Termination, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Insperity, Inc.), Restricted Stock Agreement (Insperity, Inc.), Restricted Stock Agreement (Insperity, Inc.)

AutoNDA by SimpleDocs

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock Units as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Pride International Inc), Restricted Stock Unit Agreement (Pride International Inc), Restricted Stock Unit Agreement (Seahawk Drilling, Inc.)

Forfeiture of Award. Except as provided in another written agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of death, Disability death or Qualifying TerminationDisability, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in No additional shares shall vest after the case of a Qualifying Termination, the Grantee’s Employment has terminated for any reason other than death or Disability. The Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Insperity, Inc.), Restricted Stock Agreement (Insperity, Inc.), Restricted Stock Agreement (Insperity, Inc.)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of the Grantee’s Termination (as defined in the Employment Agreement as in effect on the Grant Date), death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock Units as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Pride International Inc), Incentive Plan Restricted Stock Unit Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another written agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of death, Disability or Qualifying TerminationInvoluntary Termination following a Change in Control, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the The Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Insperity, Inc.), Restricted Stock Agreement (Insperity, Inc.)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Pride International Inc), Restricted Stock Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock Units as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Pride International Inc), Restricted Stock Unit Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of Grantee’s Termination (as defined in the Grantee’s employment agreement with the Company and as in effect as of the Award Date), death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Pride International Inc)

AutoNDA by SimpleDocs

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of death, Disability death or Qualifying TerminationDisability, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Hydril Company Restricted Stock Agreement (Hydril Co)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment terminates other than by reason of the Grantee’s Termination (as defined in the Grantee’s employment agreement with the Company and as in effect as of the Grant Date), death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock Units as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of deaththe Grantee’s Termination (as defined in the Grantee’s employment agreement with the Company and as in effect as of the Award Date), Disability death or Qualifying TerminationDisability, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Option Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another written any other agreement between the Grantee and the Company, if the Grantee’s Employment employment terminates other than by reason of the Grantee’s Termination (as defined in the Grantee’s employment agreement with the Company and as in effect as of the Award Date), death, Disability or Qualifying TerminationRetirement, all unvested Restricted Stock Units as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Pride International Inc)

Forfeiture of Award. Except as provided in another any other written agreement between the Grantee and the Company, if the Grantee’s 's Employment terminates other than by reason of death, Disability death or Qualifying TerminationDisability, all unvested Restricted Stock as of the Employment termination date shall be forfeited. Except in the case of a Qualifying Termination, the Company has sole discretionary authority to determine when a Grantee’s Employment terminates for all purposes under this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Administaff Inc \De\)

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