Common use of Risk of Forfeiture Clause in Contracts

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc)

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate service as a Non-Employee Consultant under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 3 contracts

Samples: Consultant Restricted Stock Agreement (Tetra Technologies Inc), Consultant Restricted Stock Agreement (Tetra Technologies Inc), Tetra Technologies Inc

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Tetra Technologies Inc), Tetra Technologies Inc, Tetra Technologies Inc

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 2 contracts

Samples: Employee Restricted Stock Agreement (Tetra Technologies Inc), Employee Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any shares nonvested portion of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed Shares in the event of the termination, resignation, Participant’s resignation or removal from the Board of Participant from Employment with Directors of the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, vested under the terms of the Planthis Agreement.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Remington Oil & Gas Corp), Restricted Stock Agreement (Remington Oil & Gas Corp)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Tetra Technologies Inc), Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 1 contract

Samples: Tetra Technologies Inc

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Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with service as a Non-Employee Director on the Company or any Affiliate Company’s Board under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the PlanPlan and this Restricted Stock Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allis Chalmers Energy Inc.)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment with the Company or any Affiliate service as a Consultant under circumstances that do not cause result in Participant to become becoming fully vestedvested in such shares of Restricted Stock, and the restrictions on such shares of Restricted Stock to lapselapsing, under the terms of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tetra Technologies Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights to any shares of the Restricted Stock which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the termination, resignation, or removal of Participant from Employment employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, and the restrictions on such shares of Restricted Stock to lapse, under the terms of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allis Chalmers Energy Inc.)

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