Forfeitures, etc Clause Samples
The "Forfeitures, etc" clause defines the circumstances under which a party may lose certain rights, benefits, or property as a consequence of specific actions or failures to act. Typically, this clause outlines what constitutes a forfeiture, such as breaching contract terms, failing to make payments, or violating conditions, and describes the process by which the forfeiture is enforced. Its core practical function is to deter non-compliance and protect the interests of the non-breaching party by providing clear consequences for certain types of misconduct or default.
Forfeitures, etc. If an Option or SAR is terminated, in whole or in part for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or SAR or portion thereof may be reallocated to other Options, SARs granted, or Restricted Shares and Performance Share awards to be granted under this Plan. Any Restricted Shares that are forfeited or Performance Shares that are unearned may be reallocated to other Options or SARs granted, or Restricted Shares awarded, under this Plan.
Forfeitures, etc. If an Option or SAR is terminated, in whole or in part, ----------------- for any reason other than its exercise, the number of shares of SNC Common Stock allocated to the Option of SAR or portion thereof may be reallocated to other Options, SARs, Restricted Stock, and Performance Share awards to be granted under this Plan. Any shares of Restricted Stock that are forfeited may be reallocated to other Options, SARs or Restricted Stock awards to be granted under this Plan.
Forfeitures, etc. If an Option is terminated, in whole or in part, for any reason other than its exercise, the number of shares or Common Stock allocated to the Option or portion thereof may be reallocated to other Options.
Forfeitures, etc. If an Option is terminated, in whole or in part, for any reason other than its exercise, the number of shares of BKSC common stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.
Forfeitures, etc. Shares related to Options that expire unexercised or are forfeited, surrendered, terminated, canceled or settled in cash in lieu of the issuance of shares of Common Stock shall again be available for additional awards under the Plan, except for shares of Common Stock withheld or surrendered to satisfy tax withholding obligations.