Common use of Lapse of Forfeiture Restrictions Clause in Contracts

Lapse of Forfeiture Restrictions. The Forfeiture Restrictions shall lapse and cease to apply to Phantom Stock Units according to the following schedule provided that the Employee has been continuously employed by the Company from the date of this Agreement through the lapse date:

Appears in 7 contracts

Samples: Phantom Stock Unit Agreement (Lone Pine Resources Inc.), Phantom Stock Unit Agreement (Lone Pine Resources Inc.), Phantom Stock Unit Agreement (Lone Pine Resources Inc.)

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Lapse of Forfeiture Restrictions. The Forfeiture Restrictions shall lapse and cease to apply to Phantom Stock Units according to the following schedule provided that the Employee has been continuously employed by the Company from the date of this Agreement through the lapse date:: Percentage of Units Vesting

Appears in 2 contracts

Samples: Phantom Stock Unit Agreement (Forest Oil Corp), Stock Unit Agreement (Forest Oil Corp)

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