Common use of Forfeiture of Forfeitable Shares Clause in Contracts

Forfeiture of Forfeitable Shares. Subject to Section 4.2, and unless the Committee provides otherwise in its sole discretion, the following provision shall apply in the event of the Employee's Termination of Employment: With respect to the Tier 1 Shares, Tier 2 Shares and Tier 3 Shares, if the Employee's employment with the Company or a Subsidiary is subject to the terms of an employment or other agreement between such Employee and the Company or Subsidiary, such agreement shall govern the forfeiture of Forfeitable Shares if such agreement contains such provisions.

Appears in 3 contracts

Samples: Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp), Restricted Stock Agreement (MCG Capital Corp)

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Forfeiture of Forfeitable Shares. Subject to Section 4.2, and unless the Committee provides otherwise in its sole discretion, the following provision shall apply in the event of the Employee's Termination of Employment: With respect to the Tier 1 Shares, Tier 2 Shares and Tier 3 Shares, if the Employee's employment with the Company or a Subsidiary is subject to the terms of an employment or other agreement between such Employee and the Company or Subsidiary, such agreement shall govern the forfeiture of Forfeitable Shares if such agreement contains such provisionsprovisions .

Appears in 1 contract

Samples: Restricted Stock Agreement (MCG Capital Corp)

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