Common use of Forfeiture Provisions Clause in Contracts

Forfeiture Provisions. Employee agrees that, by signing this Agreement and accepting the grant of the SARs, the forfeiture conditions set forth in Section 5(b) hereof and in Section 10 of the Plan shall apply to the SARs and to gains realized upon the exercise of the SARs (in addition to the requirements of Section 5(b) and (c) applicable during any period of continued vesting following Termination of Employment).

Appears in 2 contracts

Samples: Stock Settled Appreciation Rights Agreement (International Flavors & Fragrances Inc), International Flavors & Fragrances Inc

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Forfeiture Provisions. Employee agrees that, by signing this Agreement and accepting the grant of the SARs, the forfeiture conditions set forth in Section 5(b) hereof and in Section 10 of the Plan shall apply to the SARs and to gains realized upon the exercise of the SARs (in addition to the requirements of Section 5(b) and (c) applicable during any period of continued vesting following 5 relating to a Termination of Employment).

Appears in 1 contract

Samples: Power Generating Company (US Power Generating CO)

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Forfeiture Provisions. Employee agrees that, by signing this Agreement and accepting the grant of the SARs, subject to the terms of any employment or similar agreement with Employee, the forfeiture conditions set forth in Section 5(b) hereof and in Section 10 of the Plan shall apply to the SARs and to gains realized upon the exercise of the SARs (in addition to the requirements of Section 5(b) and (c) applicable during any period of continued vesting following 5 relating to a Termination of Employment).

Appears in 1 contract

Samples: Power Generating Company (US Power Generating CO)

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