Common use of Lapse of Forfeiture Restrictions Clause in Contracts

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 2 contracts

Samples: Employee Director Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Stock Incentive Plan (Forum Energy Technologies, Inc.)

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Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert datedate---13 months following the Date of Grant], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 2 contracts

Samples: Employee Director Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Stock Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert dateFebruary 16, 2019], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert dateFebruary 16, 2019], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 15, 2020, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.. Exhibit 10.1

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 20, 2018, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 20, 2018, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 15, 2020, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.. Exhibit 10.2

Appears in 1 contract

Samples: Employee Director Restricted Stock Agreement (Forum Energy Technologies, Inc.)

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Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 20, 2016, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]February 20, 2016, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert datedate---13 months following the Date of Grant], the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]December 1, 2024, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Director has served continuously on the Board from the Date of Grant through [insert date]March 21, 2014, the Forfeiture Restrictions shall lapse. Notwithstanding the foregoing, if a Change in Control occurs and the Director has served continuously on the Board from the Date of Grant to the date upon which such Change in Control occurs, then the Forfeiture Restrictions shall lapse with respect to the RSUs Restricted Shares on the date upon which such Change in Control occurs.

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

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