Forfeiture of the Shares. In the event of a forfeiture, the certificates representing all of the Shares covered by this agreement that have not become nonforfeitable in accordance with Section 3 hereof shall be cancelled and such Shares shall be deemed to be and to have become authorized but unissued shares of common stock, without par value, of the Company.
Forfeiture of the Shares. Shares that are not vested and nonforfeitable pursuant to Sections 2(a), (b) or (c) as of the date of termination of Participant’s employment by, or provision of services to, the Company and its Affiliates will be forfeited automatically at the close of business on that date (immediately upon notice of termination for Cause). In no event may the Shares become vested and nonforfeitable, in whole or in part, after forfeiture pursuant to this Section 4.
Forfeiture of the Shares. RSUs that are not vested pursuant to Sections 2(a), (b) or (c) as of the date of termination of Participant’s employment by the Company and its Affiliates will be forfeited automatically at the close of business on that date (immediately upon notice of termination for Cause). In no event may the RSUs become vested, in whole or in part, after forfeiture pursuant to this Section 4.
Forfeiture of the Shares. If any of the following events occurs, all of the Shares that are then subject to the Restrictions will be forfeited: · You resign your employment. · Your employment is terminated for Cause.
Forfeiture of the Shares. (a) Any of the Shares that remain forfeitable in accordance with Section 4 hereof shall be forfeited if Grantee ceases for any reason to be employed by the Company, an affiliate or a subsidiary at any time prior to such shares becoming nonforfeitable, unless the Board determines to provide otherwise in accordance with Section 4(c) or Section 5(b). For the purposes of this Agreement, the Grantee’s employment with the Company, an affiliate or a subsidiary shall not be deemed to have been interrupted, and Grantee shall not be deemed to have ceased to be an employee of the Company, an affiliate or a subsidiary by reason of (i) the transfer of Grantee’s employment among the Company and its affiliates and subsidiaries, (ii) an approved leave of absence of not more than 90 days, or (iii) the period of any leave of absence required to be granted by the Company under any law, rule, regulation or contract applicable to Grantee’s employment with the Company or any affiliate or subsidiary.
Forfeiture of the Shares. (a) If Executive's employment with Company is terminated pursuant to Paragraph 5(b) of the Employment Agreement or Executive resigns from employment with the Company other than pursuant to Paragraph 5(e) or 5(f) of the Employment Agreement, all rights of Executive with respect to the Shares shall immediately terminate and be forfeited in their entirety.
Forfeiture of the Shares. (a) The Shares will become vested and nonforfeitable, if at all, no later than . The Shares that are not vested and nonforfeitable by such time will be forfeited automatically at the close of business on that date or, if earlier, at the time the Shares may no longer become vested and nonforfeitable under any circumstances.
Forfeiture of the Shares. PSUs and/or Restricted Stock Units or other payments are forfeited and no amounts shall be paid to any employee whose services are terminated for any reason prior to the end of the Performance Period or Payment Date, as applicable, except for Participants whose employment is terminated without “Cause” or for “Good Reason” within two years following the occurrence of a Change in Control, or Participants who die or whose employment is terminated due to Disability before the end of the Performance Period, each as set forth below.
Forfeiture of the Shares. (a) The Shares will become vested and nonforfeitable, if at all, no later than January 16, 2018. The Shares that are not vested and nonforfeitable by such time will be forfeited automatically at the close of business on that date or, if earlier, at the time the Shares may no longer become vested and nonforfeitable under any circumstances.
Forfeiture of the Shares. (a) The portion of the Shares that is not vested and nonforfeitable pursuant to subparagraphs 2(a), (b), (c) or (d) as of the date of termination of Executive’s employment with PRGX will be forfeited automatically at the close of business on that date (or, if earlier, on termination of Executive’s employment by PRGX for Cause (as defined in the Employment Agreement)).
