Common use of Forfeiture of Restricted Stock Clause in Contracts

Forfeiture of Restricted Stock. Any shares of Restricted Stock issued pursuant to this Agreement which have not vested shall immediately be forfeited to the Company and cease to be outstanding upon the termination, for any reason, of the Participant’s employment and service with the Company and all its Subsidiaries.

Appears in 7 contracts

Samples: Restricted Stock Award Agreement (St. Louis Pharmaceutical Services, LLC), Restricted Stock Award Agreement (Select Medical Holdings Corp), Restricted Stock Award Agreement (Select Medical Holdings Corp)

AutoNDA by SimpleDocs

Forfeiture of Restricted Stock. Any shares of Restricted Stock issued pursuant to this Agreement which have not vested shall immediately be forfeited to the Company and cease to be outstanding upon the termination, for any reason, Participant's termination of the Participant’s employment and service or services with the Company and all its Subsidiariesfor any reason other than (i) death, (ii) disability, or with the Committee's discretionary waiver of the vesting requirements, (iii) retirement, or (iv) Change of Control.

Appears in 1 contract

Samples: Thinkorswim Group Inc.

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