Vesting on Vesting Date. First Anniversary of Date of Grant 25% Second Anniversary of Date of Grant 25% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Except as otherwise provided in Section 3, any RSUs with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.
Appears in 2 contracts
Samples: 2016 Employee Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), 2016 Employee Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)
Vesting on Vesting Date. First Anniversary of Date of Grant 2533% Second Anniversary of Date of Grant 2533% Third Anniversary of Date of Grant 25% Fourth Anniversary of Date of Grant 25% Remainder Except as otherwise provided in Section 3, any RSUs with respect to which the Forfeiture Restrictions do not lapse in accordance with the preceding provisions of this Section 2(b) shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company.
Appears in 2 contracts
Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.), Stock and Incentive Plan (Forum Energy Technologies, Inc.)
