Common use of Release of Shares from Forfeiture Restriction Clause in Contracts

Release of Shares from Forfeiture Restriction. The Shares shall be released from the Forfeiture Restriction in accordance with the vesting schedule set forth in the Grant Notice. Any of the Shares which, from time to time, have not yet been released from the Forfeiture Restriction are referred to herein as “

Appears in 10 contracts

Samples: Stock Option Agreement (Image Entertainment Inc), Restricted Stock Award Agreement (Image Entertainment Inc), Stock Option Agreement (Image Entertainment Inc)

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Release of Shares from Forfeiture Restriction. The Shares shall be released from the Forfeiture Restriction in accordance with the vesting schedule set forth in the Grant Notice. Subject to Section 10.4(b) of the Plan, in the event of a Change in Control, the Forfeiture Restrictions shall continue with respect to the Shares (or any shares of such surviving or acquiring corporation that may be issued in exchange for such Shares). Any of the Shares which, from time to time, have not yet been released from the Forfeiture Restriction are referred to herein as “Unreleased Shares.”

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Zhone Technologies Inc)

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