Example ContractsClausesforfeiture riskVariants
Forfeiture Risk
Forfeiture Risk contract clause examples

Forfeiture Risk. If the undersigned ceases to be an employee of the Company and its affiliates for any reason, other than as provided in Section 6 below, the Award shall be automatically and immediately forfeited with no compensation due to the undersigned.

Forfeiture. If you cease to be an Employee, then, except as provided in paragraphs 2, 3, 4, and 5 hereof, the Award shall be forfeited, and neither you nor your estate, or any other person attempting to claim rights under this Agreement through you shall have any rights to any distribution by reason of such forfeited Award.

Forfeiture. If you cease to be an Employee, then, except as provided in paragraphs 2, 3, 4, and 5 hereof, the Award shall be forfeited, and neither you nor your estate, or any other person attempting to claim rights under this Agreement through you shall have any rights to any distribution by reason of such forfeited Award.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.