Effect of Forfeiture. Any Shares of Restricted Stock which are forfeited to the Corporation pursuant to any provision of this Agreement will be surrendered and such shares will thereupon be canceled. All of Executive’s rights and interests in and to such shares (including the purchase price, if any, paid for such shares) will terminate upon such forfeiture without any payment of consideration by the Corporation, unless otherwise determined by the Committee.
Appears in 11 contracts
Sources: Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Total System Services Inc), Performance Based Retention Restricted Stock Award Agreement (Total System Services Inc)
Effect of Forfeiture. Any Restricted Shares of Restricted Stock which are forfeited to the Corporation pursuant to any provision of this Agreement will be surrendered and such shares will thereupon be canceled. All of Executive’s rights and interests in and to such shares (including the purchase price, if any, paid for such shares) will terminate upon such forfeiture without any payment of consideration by the Corporation, unless otherwise determined by the Committee.
Appears in 3 contracts
Sources: Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Synovus Financial Corp)