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Common use of Effect of Forfeiture Clause in Contracts

Effect of Forfeiture. Any Performance Units forfeited pursuant to Section 3.3 shall revert to the Company.

Appears in 5 contracts

Sources: Performance Unit Agreement (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp)

Effect of Forfeiture. Any Performance Units forfeited pursuant to Section 3.3 3.3, 3.4 and 3.5 shall revert to the Company.

Appears in 4 contracts

Sources: Performance Unit Agreement (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp)

Related Clauses

  • Effect of Award
  • Effect of Vesting
  • Effect of Force Majeure
  • Effect of Waiver
  • Effect of Restatement

Parent Clauses

  • Restricted Shares
  • Forfeiture Termination of Employment
  • Termination of Employment
  • Vesting
  • Effects of Termination of Employment on Override Units

Sub-Clauses

  • Consequences of Breach
  • Non-Competition Covenant
  • Special Book Allocations
  • Book Allocations of Net Income and Net Loss
  • Restorative Allocations
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