Common use of Risk of Forfeiture Clause in Contracts

Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of employment from or services to the Company or an Affiliate under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The Restricted Shares allocated to a performance period in which the Participant does not vest due to the level of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeited.

Appears in 2 contracts

Samples: 2007 Stock Incentive Plan (Dune Energy Inc), 2007 Stock Incentive Plan (Dune Energy Inc)

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Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of employment from or services to with the Company or an Affiliate under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares allocated to a performance period in which (both vested and nonvested portions) on 12.01 a.m. on the Participant does not vest due to the level date of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeitedtermination.

Appears in 2 contracts

Samples: 2007 Stock Incentive Plan (Dune Energy Inc), 2007 Stock Incentive Plan (Dune Energy Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of termination, resignation or removal from employment from or services to with the Company or an Affiliate under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The Restricted Shares allocated to a performance period in which the Participant does not vest due to the level of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeited.

Appears in 2 contracts

Samples: 2004 Stock Incentive Plan (Remington Oil & Gas Corp), 2004 Stock Incentive Plan (Remington Oil & Gas Corp)

Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of employment from or services to Employment with the Company (or an Affiliate Affiliate) under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares allocated to a performance period in which (nonvested portions) on 12.01 a.m. on the Participant does not vest due to the level date of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeitedtermination.

Appears in 1 contract

Samples: Restricted Stock Agreement (Dune Energy Inc)

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Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of employment from or services to with the Company or an Affiliate under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares allocated to a performance period in which (both vested and nonvested portions) at 12:01 a.m. on the Participant does not vest due to the level date of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeitedtermination.

Appears in 1 contract

Samples: 2012 Stock Incentive Plan (Dune Energy Inc)

Risk of Forfeiture. Participant shall immediately forfeit all rights pursuant to this Agreement and to any nonvested non-vested portion of the Restricted Shares in the event of the Participant’s termination of termination, resignation or removal from employment from or services to with the Company or an Affiliate under circumstances that do not cause such restrictions to lapse and the Participant to become fully vested under the terms of this Agreement. The Restricted Shares allocated to a performance period in which the Participant does not vest due to the level of achievement of the Performance Goals (as defined below) for such performance period, as determined by the Committee in accordance with the Plan and this Agreement, will be forfeitedPlan.

Appears in 1 contract

Samples: www.sec.gov

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