Forfeiture Date definition
Forfeiture Date means the date that is the earlier of: (i) the effective date of the Participant’s termination or resignation, as the case may be; and (ii) the date that the Participant ceases to be in the active performance of the usual and customary day-to-day duties of the Participant’s position or job, regardless of whether adequate or proper advance notice of termination or resignation shall have been provided in respect of such cessation of being a Participant;
Forfeiture Date means any date as of which Grantee’s rights to all or any portion of the Restricted Stock are forfeited pursuant to applicable provisions of this Agreement.
Forfeiture Date means the date, as determined by the Board, on which a Participant:
Examples of Forfeiture Date in a sentence
The RSU portion of the Award will vest 100% upon the occurrence of a Change of Control that occurs on or prior to the Forfeiture Date.
The PSU portion of the Award will vest 100% (treated as though “Target” has been met) upon the occurrence of a Change of Control that occurs on or prior to the Forfeiture Date (both dates for the RSU and PSU vesting collectively the “Vesting Date”) provided such PSU has not otherwise expired or failed to vest.
More Definitions of Forfeiture Date
Forfeiture Date means the date, as determined by the Committee, on which a Participant:
Forfeiture Date means the date the Participant ceases to be an Employee. A Participant who has no vested interest in his Employer Account shall be deemed to be cashed-out of his Employer Account on his Forfeiture Date.
Forfeiture Date means any date prior to the end of the Restriction Period on which Grantee’s service with the Company (or an affiliate of the Company) terminates for any reason unless such termination is treated hereunder as accelerating the end of the Restriction Period.
Forfeiture Date means any date during the Restricted Period on which Grantee’s employment with the Company or an Affiliate of the Company terminates for any reason other than (i) Death; (ii) Disability or Incapacity (as defined in the Employment Agreement), (iii) Grantee’s resignation for Good Reason (as defined in the Employment Agreement), or (iv) Grantee’s discharge without Cause (as defined in the Employment Agreement). For purposes of this Agreement, “Affiliate” shall mean a corporation that is a parent corporation or a subsidiary corporation with respect to the Company within the meaning of Section 424(e) or (f) of the Internal Revenue Code of 1986, as amended (the “Code”)..
Forfeiture Date means the first to occur of: (i) the eighth anniversary of the Grant Date, (ii) the date on which you violate any of the Restrictive Covenants, and (iii) the date on which your employment is terminated for cause. Peer Group Archrock, Inc. Helmerich & ▇▇▇▇▇, Inc. Oil States International, Inc. Core Laboratories Hunting Plc. ▇▇▇▇▇▇▇▇▇-UTI Energy, Inc. Dril-Quip, Inc. Newpark Resources, Inc. ProPetro Holding Corp. Forum Energy Technologies NexTier Oilfield Solutions, Inc. RPC, Inc. Helix Energy Solutions Group, Inc. Oceaneering International, Inc. Valaris Ltd. Threshold = top 75% Target = top 50% Max = top 5% Payment Vested Awards (whether PSU or RSU), will be payable to you/recipient (less applicable tax withholdings) within thirty (30) days after the applicable Vesting Date. In the event of a Change in Control, the Award Payout shall be made in cash; provided, that if the consideration provided to the Company’s equity holders in connection with the Change in Control includes securities, debt or other property, the Award Payout may be, in the sole discretion of the Company’s Board of Directors, in whole or in part, in the form of the consideration so provided (i.e., securities, debt or other property). In the event of an IPO, all RSU and PSU awards shall continue to vest as set forth herein and such IPO shall not be considered as a Change of Control. After an IPO, all subsequent Award Payout shall be in the form of shares in the resulting public entity. However, in the sole discretion of the Company’s Board of Directors, the Award Payout may still be made in the form of cash reflecting the share value of the Awards at time of Vesting Date. In the event your employment is terminated (other than for cause) prior to an IPO or liquidity event you shall keep the vested Award which shall be payable as provided herein. Any unvested Award (RSU and PSU) will be forfeited upon your termination from the Company.
Forfeiture Date means the date, as determined by the Committee in its discretion, on which a Participant:
Forfeiture Date means, as to the Forfeited Interests to be forfeited within Holdings for the benefit of BRH, the date which is the earlier of (i) the date that is six (6) months after the applicable date of termination of services and (ii) the date on or after such termination date that is six (6) months after the date of the latest publicly-reported disposition (or deemed disposition subject to Section 16 of the Exchange Act) of equity securities of Apollo by BRH or any partner of BRH who will receive such Forfeited Interests pursuant to Section 4.2 of the Agreement Among Principals.