Common use of Lapse of Forfeiture Restrictions Clause in Contracts

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs

Appears in 3 contracts

Samples: 2016 Employee Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), 2016 Employee Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)

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Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs RSUs, rounded to the nearest whole RSU, determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs:

Appears in 2 contracts

Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.), Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage the portion of the RSUs determined in accordance with the following scheduleset forth below: Vesting Date Additional Percentage of Total Number of RSUs

Appears in 1 contract

Samples: 2023 Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)

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Lapse of Forfeiture Restrictions. Provided that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse and the RSUs shall otherwise become vested with respect to a percentage of the RSUs determined in accordance with the following schedule: Vesting Date Additional Percentage of Total Number of RSUs

Appears in 1 contract

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

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