Common use of Lapse of Forfeiture Restrictions Clause in Contracts

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs Vesting on Vesting Date First Anniversary of Date of Grant 25% Second Anniversary of Date of Grant 25% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Except as otherwise provided in Section 3, any RSUs with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs Cash Award shall otherwise become vested with respect to a percentage of the RSUs Cash Award determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs Vesting ofTotal Cash AwardVesting on Vesting Date First Anniversary of Date of Grant 2533% Second Anniversary of Date of Grant 2533% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Remainder Except as otherwise provided in Section 3, any RSUs portion of the Cash Award with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs Restricted Shares determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs Vesting on Vesting Date Restricted Shares as to Which Forfeiture Restrictions Lapse First Anniversary of Date of Grant 25% Second Anniversary of Date of Grant 25% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Except as otherwise provided in Section 34, any RSUs Restricted Shares with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b3(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs Vesting on Vesting Date First Anniversary of Date of Grant 2533% Second Anniversary of Date of Grant 2533% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Remainder Except as otherwise provided in Section 3, any RSUs with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs RSUs, rounded up to the nearest whole RSU, determined in accordance with the following schedule: Vesting Date Additional Vesting Percentage of Total Number of RSUs Vesting on Vesting Date First Anniversary of Date of Grant 2533% Second Anniversary of Date of Grant 2533% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Remainder Except as otherwise provided in Section 3, any RSUs with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be cancelled and forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.