Common use of Expiration of Restrictions and Risk of Forfeiture Clause in Contracts

Expiration of Restrictions and Risk of Forfeiture. The restrictions on all of the Restricted Shares granted pursuant to this Agreement will expire on October 30, 2002, provided, however, that such restrictions will expire on that date only if you have been an Employee continuously from the Date of Grant through October 30, 2002. The Company may, in its discretion, prospectively reduce the restriction period applicable to the Restricted Shares and the period during which the Restricted Shares may be forfeited as contemplated in Section 4 of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Aperian Inc), Restricted Stock Award Agreement (Aperian Inc), Aperian Inc

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Expiration of Restrictions and Risk of Forfeiture. The restrictions on all of the Restricted Shares granted pursuant to this Agreement will expire on October 30April 6, 20022003, provided, however, that such restrictions will expire on that date only if you have been an Employee continuously from the Date of Grant through October 30April 6, 20022003. The Company may, in its discretion, prospectively reduce the restriction period applicable to the Restricted Shares and the period during which the Restricted Shares may be forfeited as contemplated in Section 4 of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Aperian Inc), Employment Agreement (Aperian Inc)

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Expiration of Restrictions and Risk of Forfeiture. The restrictions on all of the Restricted Shares granted pursuant to this Agreement will expire on October 30July 2, 2002, 2000; provided, however, that such restrictions will expire on that date only if you have been an Employee continuously from the Date of Grant through October 30July 2, 20022000. The Company Corporation may, in its discretion, prospectively reduce the restriction period applicable to the Restricted Shares and the period during which the Restricted Shares may be forfeited as contemplated in Section Paragraph 4 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement Restricted Stock Award Agreement (Trammell Crow Co)

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