Common use of Forfeiture Schedule Clause in Contracts

Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: Percent of Revenue target achieved within the Measurement Period Percent of Incentive Restricted Stock Forfeited 100% 0 % 99% 1 % 98% 2 % 97% 3 % 96% 4 % 95% 5 % 94% 6 % 93% 7 % 92% 8 % 91% 9 % 90% 10 % 89% 14 % 88% 18 % 87% 22 % 86% 26 % 85% 30 % < 85% 50 % Percent of Profitability target achieved within the Measurement Percent of Incentive Restricted Period Stock Forfeited 100% 0 % 99% 1 % 98% 2 % 97% 3 % 96% 4 % 95% 5 % 94% 6 % 93% 7 % 92% 8 % 91% 9 % 90% 10 % 89% 14 % 88% 18 % 87% 22 % 86% 26 % 85% 30 % < 85% 50 %

Appears in 2 contracts

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

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Forfeiture Schedule. All shares of Restricted Stock Units shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: Percent of Revenue target achieved within the Measurement Period Percent of Incentive Restricted Stock Unit Forfeited 100% 0 % 99% 1 3 % 98% 2 6 % 97% 3 9 % 96% 4 12 % 95% 5 15 % 94% 6 18 % 93% 7 21 % 92% 8 24 % 91% 9 27 % 90% 10 30 % 89% 14 33 % 88% 18 36 % 87% 22 39 % 86% 26 42 % 85% 30 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 8580% 50 100 % Percent of Profitability target achieved within the Measurement Percent of Incentive Restricted Stock Unit Period Stock Forfeited 100% 0 % 99% 1 2 % 98% 2 4 % 97% 3 6 % 96% 4 8 % 95% 5 10 % 94% 6 12 % 93% 7 14 % 92% 8 16 % 91% 9 18 % 90% 10 20 % 89% 14 22 % 88% 18 24 % 87% 22 26 % 86% 26 28 % 85% 30 % < 8584% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 1 contract

Samples: Rsu Ltip Agreement (Lionbridge Technologies Inc /De/)

Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: Percent of Revenue target achieved within the Measurement Period Percent of Incentive Restricted Stock Forfeited 100% 0 % 99% 1 3 % 98% 2 6 % 97% 3 9 % 96% 4 12 % 95% 5 15 % 94% 6 18 % 93% 7 21 % 92% 8 24 % 91% 9 27 % 90% 10 30 % 89% 14 33 % 88% 18 36 % 87% 22 39 % 86% 26 42 % 85% 30 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 8580% 50 100 % Percent of Profitability target achieved within the Measurement Percent of Incentive Restricted Stock Period Stock Forfeited 100% 0 % 99% 1 2 % 98% 2 4 % 97% 3 6 % 96% 4 8 % 95% 5 10 % 94% 6 12 % 93% 7 14 % 92% 8 16 % 91% 9 18 % 90% 10 20 % 89% 14 22 % 88% 18 24 % 87% 22 26 % 86% 26 28 % 85% 30 % < 8584% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 1 contract

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

Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: Percent of Revenue target achieved within the Measurement Period Percent of Incentive Restricted Stock within the Measurement Period Forfeited 100% 0 % 99% 1 3 % 98% 2 6 % 97% 3 9 % 96% 4 12 % 95% 5 15 % 94% 6 18 % 93% 7 21 % 92% 8 24 % 91% 9 27 % 90% 10 30 % 89% 14 33 % 88% 18 36 % 87% 22 39 % 86% 26 42 % 85% 30 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 8580% 50 100 % Percent of Profitability target achieved within the Measurement Percent of Incentive Restricted Stock Period Stock Forfeited 100% 0 % 99% 1 2 % 98% 2 4 % 97% 3 6 % 96% 4 8 % 95% 5 10 % 94% 6 12 % 93% 7 14 % 92% 8 16 % 91% 9 18 % 90% 10 20 % 89% 14 22 % 88% 18 24 % 87% 22 26 % 86% 26 28 % 85% 30 % < 8584% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 1 contract

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

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Forfeiture Schedule. All shares of Restricted Stock shall be subject to forfeiture (“unvested”) and shall be forfeited in accordance with the following schedule based on percent completion of the Revenue Target and the Profitability Target within the requisite Measurement Period as follows: Percent of Revenue target achieved within the Measurement Period Percent of Incentive Restricted Stock Forfeited 100% 0 % 99% 1 3 % 98% 2 6 % 97% 3 9 % 96% 4 12 % 95% 5 15 % 94% 6 18 % 93% 7 21 % 92% 8 24 % 91% 9 27 % 90% 10 30 % 89% 14 33 % 88% 18 36 % 87% 22 39 % 86% 26 42 % 85% 30 45 % 84% 48 % 83% 51 % 82% 54 % 81% 57 % 80% 60 % < 8580% 50 100 % Percent of Profitability target achieved within the Measurement Percent of Incentive Restricted Period Stock Forfeited 100% 0 % 99% 1 2 % 98% 2 4 % 97% 3 6 % 96% 4 8 % 95% 5 10 % 94% 6 12 % 93% 7 14 % 92% 8 16 % 91% 9 18 % 90% 10 20 % 89% 14 22 % 88% 18 24 % 87% 22 26 % 86% 26 28 % 85% 30 % < 8584% 32 % 83% 34 % 82% 36 % 81% 38 % 80% 40 % 79% 42 % 78% 44 % 77% 46 % 76% 48 % 75% 50 % 74% 52 % 73% 54 % 72% 56 % 71% 58 % 70% 60 % < 70% 100 %

Appears in 1 contract

Samples: Ltip Agreement (Lionbridge Technologies Inc /De/)

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