Common use of Forfeiture of Restricted Stock Clause in Contracts

Forfeiture of Restricted Stock. Until the Restricted Stock is vested in accordance with Section 2.2 of this Agreement, it will be forfeited to the Company immediately upon a termination of employment for any reason.

Appears in 9 contracts

Sources: Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/), Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/), Performance Based Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

Forfeiture of Restricted Stock. Until the Restricted Stock is vested in accordance with Section 2.2 or Section 2.6 of this Agreement, it will be forfeited to the Company immediately upon a termination of employment for any reason.

Appears in 1 contract

Sources: Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

Forfeiture of Restricted Stock. Until the Restricted Stock is vested in accordance with Section 2.2 of this Agreement, it will be forfeited to the Company immediately upon a termination Termination of employment Employment for any reason.

Appears in 1 contract

Sources: Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

Forfeiture of Restricted Stock. Until the all restrictions lapse as provided in Section 2(a), all shares of Restricted Stock is vested in accordance with Section 2.2 of granted to Participant pursuant to this AgreementAgreement are subject to forfeiture, it will be forfeited to and the Company Participant shall forfeit such Restricted Stock without any further action by the Company, immediately upon a termination of Participant’s employment for any reasonwith the Company, its Subsidiaries or Affiliates (a “Termination of Employment”).

Appears in 1 contract

Sources: Restricted Stock Agreement (Alaska Communications Systems Group Inc)

Forfeiture of Restricted Stock. Until the Restricted Stock is vested in accordance with Section 2.2 of this Agreement, except as provided in Section 2.2, it will be forfeited to the Company immediately upon a termination Termination of employment Employment for any reason.

Appears in 1 contract

Sources: Restricted Stock Agreement (Lionbridge Technologies Inc /De/)

Forfeiture of Restricted Stock. Until the all restrictions lapse as provided in Section 2(a), all shares of Restricted Stock is vested in accordance with Section 2.2 of granted to Participant pursuant to this AgreementAgreement are subject to forfeiture, it will be forfeited to and the Company Participant shall forfeit such Restricted Stock without any further action by the Company, immediately upon a termination of Participant's employment for any reasonwith the Company, its Subsidiaries or Affiliates (a "Termination of Employment").

Appears in 1 contract

Sources: Restricted Stock Agreement (Alaska Communications Systems Holdings Inc)