Forfeiture Period means, with respect to a Participant, the time period during which such Participant is employed with, or is performing services for, the Company, and for a period of two (2) years thereafter.
Forfeiture Period means the three year period following the last day of the fiscal year of the financial statements restated by the Company; provided that, such Forfeiture Period shall not apply if the adverse restatement is filed by the Company more than three years after the last day of the fiscal year of the restated financial statements.
Examples of Forfeiture Period in a sentence
The Forfeiture Activities under this subsection (a) shall: (i) with regard to the Trade Secrets, remain in effect and be applicable as long as the information constitutes a Trade Secret under applicable law, and (ii) with regard to the Confidential Information, remain in effect and be applicable during the Forfeiture Period.
In the event of your Special Separation during the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company.
In the event of your death or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability.
This subsection (d) shall only apply to Forfeiture Period Employees (i) with whom such Participant had Material Interaction, or (ii) such Participant, directly or indirectly, supervised.
During the Forfeiture Period of such Participant, the Participant directly or indirectly solicits any Customer of the Company for the purpose of selling or providing any products or services competitive with the Business, provided that such Participant had Contact with such Customer during the period in which the Participant was employed by or performed services for the Company.
More Definitions of Forfeiture Period
Forfeiture Period means, with respect to an Eligible Recipient, the time period during which such Eligible Recipient is employed with, or is performing services for, the Company, or any Subsidiary thereof, and for a period of two (2) years thereafter.
Forfeiture Period means the period commencing six months prior to your termination of employment and ending one year from your termination of employment.
Forfeiture Period means the period commencing on the Grant Date of the Option or any other Award and ending six months from termination of Continuous Service.
Forfeiture Period means the period from the Effective Date to the third anniversary of the Effective Date, or as regards any particular New Khanyisa Tier 2 Participant, his/her Subsequent Effective Date to the third anniversary of his/her Subsequent Effective Date, as the case may be;
Forfeiture Period means as regards any Employee Beneficiary a period of 3 (three) years from the Effective Date;
Forfeiture Period means the period commencing twelve months prior to your termination of employment and ending twelve months after your termination of employment. Escrow The certificates for the Restricted Stock shall be deposited in escrow with the Secretary of the Company (or his designee) to be held in accordance with the provisions of this paragraph. Each deposited certificate shall be accompanied by a duly executed Assignment Separate from Certificate in the form attached hereto as Exhibit A. The deposited certificates, shall remain in escrow until such time as the certificates are to be released or otherwise surrendered for cancellation as discussed below. Upon delivery of the certificates to the Company, you shall be issued an instrument of deposit acknowledging the number of Shares of Restricted Stock delivered in escrow to the Secretary of the Company. All regular cash dividends, if any, on the Restricted Stock shall be paid directly to you and shall not be held in escrow. The Restricted Stock held in escrow hereunder shall be subject to the following terms and conditions relating to their release from escrow or their surrender to the Company: When your interest in the Restricted Stock vests as described above, the certificates for such vested Restricted Stock shall be released from escrow and delivered to you, at your request, in accordance with the following schedule. The initial release of any vested Restricted Stock from escrow shall be effected within thirty (30) days following the expiration of the one (1) year period measured from the Date of Award. Subsequent releases of vested Restricted Stock from escrow shall occur on a yearly basis. Upon termination of your service, any unvested Restricted Stock shall be surrendered to the Company. Sale of the Company The Restricted Stock shall automatically vest (subject to divestment) in the event there is a sale of all or substantially all of the assets or stock of the Company (the "Sale of Company") and you have continuously provided service from the Date of Award shown on the cover sheet to the effective date of the Sale of Company. If your employment with the Company (or its successor) is terminated for any reason, other than by the Company without Cause, before the first anniversary of the Sale of Company, you will forfeit and issue to the Company the number of shares (or the equivalent value in cash using the fair market value of the shares on the date of the Sale of Company) whose vesting accelerated because of...
Forfeiture Period means the period from the Effective Date to the third anniversary of the Effective Date, or as regards any particular New Khanyisa Tier 2 Participant, his/her Subsequent Effective Date to the third anniversary of his/her Subsequent Effective Date, as the case may be;1.3.45. "Group" means collectively:1.3.45.1. Sasol;1.3.45.2. Sasol's wholly owned subsidiaries from time to time (as defined in the Companies Act); and1.3.45.3. such other subsidiaries of Sasol from time to time, including the Company, or other entities determined by the Sasol Board from time to time as forming part of the Group;1.3.46. "Group Company" means any company forming part of the Group;1.3.47. "Income Tax Act" means the Income Tax Act, 58 of 1962;1.3.48. "JSE" means the stock exchange operated by JSE Limited, registration number 2005/022939/06, a public company registered and incorporated in accordance with the laws of South Africa, licensed as an exchange under the Financial Markets Act, 2012;1.3.49. "Khanyisa Tier 1 Final Date" means the 3rct (third) anniversary of the Effective Date or such earlier date as may be determined by Sasol in its sole discretion either as regards:1.3.49.1. all Khanyisa Tier 1 Participants; or1.3.49.2. those Khanyisa Tier 1 Participants having Vested Rights in respect of SOL Shares without affecting the Khanyisa Tier 1 Final Date as regards all Khanyisa Tier 1 Participants having Vested Rights in respect of SOLBE1 Shares; or1.3.49.3. those Khanyisa Tier 1 Participants having Vested Rights in respect of SOLBE1 Shares without affecting the Khanyisa Tier 1 Final Date as regards all Khanyisa Tier 1 Participants having Vested Rights in respect of SOL Shares;