Common use of Forfeiture of Restricted Stock Clause in Contracts

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 7 contracts

Sources: Restricted Stock Award Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp)

Forfeiture of Restricted Stock. Upon your voluntary separation from service on the termination of your employment by you, the Company or its Subsidiaries Board for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Quorum Health Corp), Director Restricted Stock Award Agreement (Quorum Health Corp)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) 9.1 hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 2 contracts

Sources: Employment Agreement (Quorum Health Corp), Restricted Stock Award Agreement (Quorum Health Corp)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in In addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the CompanyCompany upon the termination by you, the Company or its Subsidiaries of your employment for any reason other than those set forth in Section 4 hereof prior to such vesting.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Community Health Systems Inc), Restricted Stock Award Agreement (Community Health Systems Inc)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in In addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the CompanyCompany upon the termination by the Grantee's service as a member of the Board of Directors for any reason other than those set forth in Section 4 hereof prior to such vesting.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Community Health Systems Inc)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any Any and all Shares shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon the termination by the Participant, or the Company, of the Participant’s Continuous Service for any reason other than those set forth in Section 4 hereof prior to such vesting.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (NuZee, Inc.)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in In addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the CompanyCompany upon the termination by the Grantee, the Company or its Subsidiaries of the Grantee’s employment for any reason other than those set forth in Section 4 hereof prior to such vesting.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Community Health Systems Inc)

Forfeiture of Restricted Stock. Upon the later of the termination of your employment or your service as a member of the Board by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

Appears in 1 contract

Sources: Amendment of Certain Agreements Under the Community Health Systems, Inc. 2009 Stock Option and Award Plan (Community Health Systems Inc)

Forfeiture of Restricted Stock. Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and cancelled as of the effective date of such termination and shall revert to the Company.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Community Health Systems Inc)