Vested Portion. At any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.
Vested Portion. The term “Vested Portion” means, at any time, the portion of the Option which has become and remains vested in accordance with the Grant Notice and this Agreement.
Vested Portion. Unless the context clearly requires otherwise, the term “Vested Portion” shall refer to, (i) in the case of the Time-Based Units, the portion of the Time-Based Units which, as of a determination date, have become vested as described in Section 2.1 of this Terms Agreement and, subject to the terms and conditions of this Unit Agreement, continue to remain vested as of such date, and (ii) in the case of the Performance-Based Units, the portion of the Performance-Based Units which, as of a determination date, have become vested as described in Section 2.2 of this Terms Agreement, which, for the avoidance of doubt includes only Performance-Based Units for which a Company Sale has occurred and where the applicable performance conditions have been satisfied, and, subject to the terms and conditions of this Unit Agreement, continue to remain vested as of such date.
Vested Portion. Except as provided in the following sentence, the Vested Portion shall be determined in the manner provided in Exhibit 1.24 (Vested Portion). The Vested Portion will be 100% from and after the earliest to occur of any of the following (i) the date on which the Executive becomes Disabled, (ii) the date on which the Bank terminates the Executive’s employment without Specially-Defined Cause (as such term is defined in Section 2.7), (iii) the date on which the Executive resigns for Good Reason, (iv) the date of the Executive’s death, and (v) the date on which a Change in Control first occurs. The Vested Portion shall never exceed 100%.
Vested Portion. At any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement; provided, that an Option whose aggregate Option Price is not paid by the withholding of Shares shall vest with respect to whole Shares only, with partial Shares being rounded up to the nearest whole integer.
Vested Portion. At any time, the portion of the SAR Award that is comprised of the 2.5x Exit-Vesting SARs that become vested in accordance with the terms of Section 3(a) of this Agreement.
Vested Portion. “Vested Portion” shall mean, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.
Vested Portion. The term "Vested Portion" means the portion of a Participant's Accrued Benefit, Adjusted Accrued Benefit or Post- Tax Adjusted Benefit, whichever is applicable, which is vested and nonforfeitable as determined based on that Participant's Service in accordance with the following schedule: Years of Service Completed by Participant Vested Portion Less than one (1) year 0% One (1) year 20% Two (2) years 40% Three (3) years 60% Four (4) years 80% Five (5) years or more 100% provided, however, that notwithstanding the above, the Accrued Benefit or, if applicable, Adjusted Accrued Benefit or Post-Tax Adjusted Benefit of a Participant shall become one hundred percent (100%) vested and nonforfeitable upon the Participant's attainment of age sixty-five (65) or upon his incurring a Total Disability.
Vested Portion. At any time, the portion of the Option which has become vested as described in this Section 3 or that was already vested as of the date hereof is hereinafter referred to as the “Vested Portion”. The Vested Portion of the Option shall remain exercisable for the period set forth in Section 4(a).
Vested Portion. As of December 31st of each year, the Vested Portion shall be the percentage listed for such date on the table set forth below (“Table”). Starting on January 1 of each calendar year the Vested Portion shall be increased ratably over the course of the year so that as of the next December 31st, the Vested Portion shall have been increased to the percentage set forth on the Table for such December 31st. By way of example, the Vested Portion shall be 25.0% on December 31, 2006. As of the date which is 180 days after such December 31, the Vested Portion shall be determined by adding together (x) 25.0% (the Vested Portion as of the previous December 31) and (y) the ratable increase in such Vested Portion for 2007 (the “Applicable Increase”). The Applicable Increase shall be determined by multiplying 12.5% (the amount by which the Vested Portion would increase during all of 2007) by the fraction of the year that has then elapsed. Thus, 12.5% times 180/365 equals 6.16%. Calculations shall be rounded to two significant digits. Accordingly, the Vested Portion for such date would be 25.0% plus 6.16%, or a total of 31.16%. The Vested Portion shall never be greater than 100%. December 31 Vested Portion 2005 10.0 % 2006 25.0 % 2007 37.5 % 2008 50.0 % 2009 60.0 % 2010 70.0 % 2011 80.0 % 2012 87.5 % 2013 92.5 % 2014 and thereafter 100.0 %
