The Award is Conditional and is Subject to Forfeiture. The award and the Participant’s right to become the owner of the shares are subject to two conditions, are subject to forfeiture if the conditions are not satisfied, and will not be considered vested until the conditions are satisfied or waived. The two conditions consist of a service condition and a performance condition.
Appears in 7 contracts
Samples: Stock Award Agreement (Middlefield Banc Corp), Stock Award Agreement (Middlefield Banc Corp), Stock Award Agreement (Middlefield Banc Corp)
