Risk of Forfeiture. Participant shall immediately forfeit all rights to any Performance Award which have not vested and with respect to which the Performance Objectives have not been met or in the event of 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, under the terms of the Plan.
Appears in 3 contracts
Samples: Employee Performance Award Agreement (Allis Chalmers Energy Inc.), Employee Performance Award Agreement (Allis Chalmers Energy Inc.), Allis Chalmers Energy Inc.
Risk of Forfeiture. Participant shall immediately forfeit all rights to any Performance Award which have not vested and with respect to which the Performance Objectives have not been met or in the event of terminationtermination for cause, resignation, or removal of Participant from employment with the Company or any Affiliate under circumstances that do not cause Participant to become fully vested, under the terms of the Plan.
Appears in 1 contract
Samples: Employee Performance Award Agreement (Allis Chalmers Energy Inc.)
Risk of Forfeiture. Participant shall immediately forfeit all rights to any Performance Award which have not vested and with respect to which the Performance Objectives have not been met or in the event of 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, under the terms of the PlanPlan and except as set forth in Section 7 hereof.
Appears in 1 contract
Samples: Employee Performance Award Agreement (Allis Chalmers Energy Inc.)
