Common use of Expiration of Restrictions and Risk of Forfeiture Clause in Contracts

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned pursuant to this Agreement will expire and the Restricted Securities will become transferable and nonforfeitable as set forth in Section 2 of this Agreement, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates until the applicable dates set forth therein.

Appears in 2 contracts

Sources: Assignment and Allocation Agreement (Sitio Royalties Corp.), Assignment and Allocation Agreement (Sitio Royalties Corp.)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement of this Agreement will expire and the Restricted Securities Shares will become transferable transferable, except to the extent provided in Section 14 of this Agreement and Section 10(a) of the Plan, and nonforfeitable as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, of or a service provider to, to the Company or any of its affiliates Subsidiaries until the applicable dates set forth therein.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Orion Marine Group Inc), Restricted Stock Agreement (Orion Marine Group Inc)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement will expire and the Restricted Securities Shares will become transferable transferable, except to the extent provided in Section 13 of this Agreement and nonforfeitable as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates Subsidiaries until the applicable dates set forth therein.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Midstates Petroleum Company, Inc.), Restricted Stock Agreement (Midstates Petroleum Company, Inc.)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement will expire and the Restricted Securities Shares will become transferable transferable, except to the extent provided in Section 11 of this Agreement, and nonforfeitable as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates Subsidiaries until the applicable dates set forth therein.

Appears in 1 contract

Sources: Restricted Stock Agreement (Oasis Petroleum Inc.)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement of this Agreement will expire and the Restricted Securities Shares will become transferable transferable, except to the extent provided in Section 12 of this Agreement, and nonforfeitable as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, of or a service provider to, to the Company or any of its affiliates Subsidiaries until the applicable dates or events set forth therein.

Appears in 1 contract

Sources: Restricted Stock Agreement (Ascent Energy Inc)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement will expire and the Restricted Securities Shares will become transferable and nonforfeitable as set forth in Section 2 1 of this Agreement, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates Affiliates until the applicable dates set forth therein.

Appears in 1 contract

Sources: Restricted Stock Agreement (Blackstone Holdings III L.P.)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement will expire and the Restricted Securities Shares will become transferable and nonforfeitable (“Vested”) as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates Subsidiaries until the applicable dates set forth therein.

Appears in 1 contract

Sources: Restricted Stock Agreement (Clayton Williams Energy Inc /De)

Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Securities assigned Shares granted pursuant to this Agreement will expire and the Restricted Securities Shares will become transferable and nonforfeitable as set forth in Section 2 the Notice of this AgreementGrant, provided that you remain in the employ of, or a service provider to, the Company or any of its affiliates Subsidiaries until the applicable dates set forth therein.

Appears in 1 contract

Sources: Restricted Stock Agreement (Parsley Energy, Inc.)