Common use of Forfeiture Restrictions Clause in Contracts

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided in Section 2(b), the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided in Section 2(b)reason, the Employee shall, for no considerationconsideration and except to the extent described in the second sentence of Section 3(b), forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided in Section 2(b)death, Disability, or Involuntary Termination within the two-year period beginning on the date upon which a Change of Control occurs, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided described in Section 2(b)3(b) below, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of of, other than by a Permitted Transfer, to the extent then subject to the Forfeiture Restrictions, and in . In the event of termination of the EmployeeExecutive’s employment with the Company Corporation for any reason other than as provided in Section 2(b)Involuntary Termination, the Employee Executive shall, for no consideration, forfeit to the Company Corporation all Restricted Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company Corporation upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted the Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture RestrictionsRestrictions (as hereinafter defined), and in the event of termination of the Employee’s employment with the Company for any reason other than Company, except as otherwise provided in Section 2(b)) hereof, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided in Section 2(b)death or Disability, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than as provided in Section 2(b)death, Disability, or Involuntary Termination, the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture RestrictionsRestrictions (as hereinafter defined), and in the event of termination that Grantee ceases to serve as a member of the Employee’s employment with Board of Directors of the Company for any reason other than as provided in Section 2(b)Company, the Employee Grantee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment Grantee’s service as a member of the Board of Directors are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of the Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions, and in the event of termination of the EmployeeDirector’s employment with service as a member of the Board of Directors of the Company for any reason other than as provided in Section 2(b), the Employee Director shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment the service relationship are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.

Forfeiture Restrictions. The Restricted Shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictionsof, and in the event of termination of the Employee’s employment with the Company for any reason other than (as provided defined in Section 2(b7 hereof), the Employee shall, for no consideration, forfeit to the Company all Restricted Shares then subject to the Forfeiture RestrictionsShares, except as otherwise provided in this Agreement. The prohibition against transfer and the obligation to forfeit and surrender Restricted Shares to the Company upon termination of employment as provided in the preceding sentence are herein referred to as the “Forfeiture Restrictions.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of Restricted Shares.