Common use of Restrictions; Forfeiture Clause in Contracts

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 9 contracts

Samples: 2016 Long Term Incentive Plan (WildHorse Resource Development Corp), Restricted Stock Agreement (Solaris Oilfield Infrastructure, Inc.), Ranger Energy Services (Ranger Energy Services, Inc.)

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Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 5 or Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 8 contracts

Samples: Substitute Restricted Stock Agreement (Riley Exploration Permian, Inc.), Restricted Stock Agreement (Riley Exploration Permian, Inc.), Restricted Stock Agreement (Riley Exploration Permian, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 8 contracts

Samples: Term Incentive Plan (Memorial Resource Development Corp.), Term Incentive Plan (Memorial Resource Development Corp.), Restricted Stock Grant and Award Agreement (RSP Permian, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 4 contracts

Samples: Restricted Stock Agreement for Directors (Navigator Holdings Ltd.), Restricted Stock Agreement (Oasis Petroleum Inc.), Restricted Stock Agreement for Directors (Navigator Holdings Ltd.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these such restrictions are removed or expire as described in Section 5 5, 6, or 6 7 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 67, the Company shall have the right to deliver the certificate(s) representing the Restricted Shares to the Company’s transfer agent forfor cancellation or, at the Company’s election, cancellation or for transfer to the Company to be held by the Company in treasury or any designee of the Company.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Odyssey Healthcare Inc), Restricted Stock Award Agreement (Odyssey Healthcare Inc), Restricted Stock Award Agreement (Odyssey Healthcare Inc)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 66 of this Agreement, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Riley Exploration Permian, Inc.), Restricted Stock Agreement (Rise Oil & Gas, Inc.), Restricted Stock Agreement (Rise Oil & Gas, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company or its designee shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Midstates Petroleum Company, Inc.), Term Incentive Plan (Midstates Petroleum Company, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 2 contracts

Samples: Corporation Restricted Stock Agreement (HollyFrontier Corp), Corporation Restricted Stock Agreement (HollyFrontier Corp)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in the Notice of Grant and Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 2 contracts

Samples: Form of Restricted Stock Agreement (Parsley Energy, Inc.), Term Incentive Plan Restricted Stock Agreement (Parsley Energy, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in the Notice of Grant and Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in the Notice of Grant and Section 66 of this Agreement, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Term Incentive Plan (Parsley Energy, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s 's transfer agent for, at the Company’s 's election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Term Incentive Plan (Orion Marine Group Inc)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire lapse as contemplated in Section 5 of this Agreement and as described in Section 5 or 6 the Notice of this AgreementGrant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall ​ #102172634v5 Exhibit 10.3 have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Term Incentive Plan Restricted Share Agreement (Orion Group Holdings Inc)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section Sections 1 and 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Blackstone Holdings III L.P.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these such restrictions are removed or expire as described in Section 5 5, 6, or 6 7 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 67, the Company shall have the right to deliver the Restricted Shares to the Company’s 's transfer agent forfor cancellation or, at the Company’s 's election, cancellation or for transfer to the Company to be held by the Company in treasury or any designee of the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Republic Companies Group, Inc.)

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Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You The Participant hereby agree agrees that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Brigham Minerals, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, pledged, exchanged, disposed of, transferred or otherwise alienated or hypothecated until these such restrictions are removed or expire as described in Section 5 5, 6, or 6 7 of this Award Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 67, the Company shall have the right to deliver the certificate(s) representing the Restricted Shares to the Company’s transfer agent forfor cancellation or, at the Company’s election, cancellation or for transfer to the Company to be held by the Company in treasury or any designee of the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Spinnaker Exploration Co)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 66 or 7, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Ascent Energy Inc)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described contemplated in Section 5 or 6 of this AgreementAgreement and as described in the Notice of Grant. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). [You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.]

Appears in 1 contract

Samples: Restricted Stock Agreement for Employees (Navigator Holdings Ltd.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 or 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Restricted Stock Grant and Award Agreement (RSP Permian, Inc.)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 6 or 6 7 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company as provided in Section 6 and 7 (the “Forfeiture Restrictions”). You Employee hereby agree agrees that if the Restricted Shares are forfeited, as provided in Section 66 or 7, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Encore Wire Corp)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions the Forfeiture Restrictions are removed or expire as described contemplated in Section Sections 5 or and 6 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company in accordance with Section 7 below (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 67, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company.

Appears in 1 contract

Samples: Employment Agreement (Applied Nanotech Holdings, Inc)

Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these such restrictions are removed or expire as described in Section 5 or 6 7 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”)Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 67, the Company shall have the right to deliver the certificate(s) representing the Restricted Shares to the Company’s transfer agent forfor cancellation or, at the Company’s election, cancellation or for transfer to the Company to be held by the Company in treasury or by any designee of the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Jl Halsey Corp)

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