Common use of Forfeiture Restrictions Clause in Contracts

Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.

Appears in 20 contracts

Samples: Restricted Stock Performance Unit Award Agreement (Kraton Corp), Restricted Stock Performance Unit Award Agreement (Kraton Corp), Restricted Stock Performance Unit Award Agreement (Kraton Corp)

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Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 5 of this Agreement, with respect to the shares of Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested shares of Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units Shares other than by will or the laws of descent and distribution.

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (Kraton Performance Polymers, Inc.), Restricted Stock Award Agreement (Kraton Corp), Restricted Stock Award Agreement (Kraton Performance Polymers, Inc.)

Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be 65705620.4 forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Kraton Corp)

Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.. Exhibit 4.5

Appears in 1 contract

Samples: Restricted Stock Performance Unit Award Agreement (Kraton Corp)

Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 5 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Kraton Performance Polymers, Inc.)

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Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s 's employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Settled Restricted Stock Unit Award Agreement (Kraton Corp)

Forfeiture Restrictions. Subject to the provisions of the Plan and Section 4 3 of this Agreement, with respect to the Restricted Stock Units that have not become vested on the date the Participant’s employment is terminated, the award of Restricted Stock Units shall expire and such unvested Restricted Stock Units shall immediately be forfeited on such date. Participant shall not sell, transfer, pledge, assign, alienate, hypothecate, or otherwise encumber or dispose of the Restricted Stock Units other than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Restricted Stock Preformance Unit Award Agreement (Kraton Performance Polymers, Inc.)

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