Common use of Vesting of the Award Clause in Contracts

Vesting of the Award. The shares of Restricted Stock granted pursuant to Section 1 hereof shall vest at such times (each, a "Vesting Date") and in the percentages set forth below, if and only if the Grantee is continuously employed by the Company (or any Subsidiary or Affiliate of the Company) in the same position as Grantee holds on the date hereof (or a substantially equivalent or higher position as determined by the Company in its sole discretion) from the date hereof through such Vesting Date (except as set forth in Section 5(b) hereof): PERCENTAGE OF VESTING DATE RESTRICTED STOCK VESTING ------------ ------------------------ November 15, 2005 33% November 15, 2006 33% November 15, 2007 34%

Appears in 2 contracts

Samples: Restricted Stock Agreement (O Charleys Inc), Restricted Stock Agreement (O Charleys Inc)

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Vesting of the Award. The shares of Restricted Stock granted pursuant to Section 1 hereof shall vest at such times (each, a "Vesting Date") and in the percentages set forth below, if and only if the Grantee is continuously employed by the Company (or any Subsidiary or Affiliate of the Company) in the same position as Grantee holds on the date hereof (or a substantially equivalent or higher position as determined by the Company in its sole discretion) from the date hereof through such Vesting Date (except as set forth in Section 5(b) hereof): PERCENTAGE OF VESTING DATE RESTRICTED STOCK VESTING ------------ ------------------------ November 15Vesting Date Percentage of Restricted Stock Vesting ___________ __, 2005 33200_ 33.3% November 15___________ __, 2006 33200_ 33.3% November 15___________ __, 2007 34200_ 33.4%

Appears in 1 contract

Samples: Restricted Stock Agreement (American Retirement Corp)

Vesting of the Award. The shares of Restricted Stock granted pursuant to Section 1 hereof shall vest at such times (each, a "Vesting Date") and in the percentages set forth below, if and only if the Grantee is continuously employed by the Company (or any Subsidiary or Affiliate of the Company) in the same position as Grantee holds on the date hereof (or a substantially equivalent or higher position as determined by the Company in its sole discretion) from the date hereof through such Vesting Date (except as set forth in Section 5(b) hereof): Date: PERCENTAGE OF VESTING DATE RESTRICTED STOCK VESTING ------------ ---------------- ------------------------ November 15February 13, 2005 2007 33% November 15February 13, 2006 2008 33% November 15February 13, 2007 2009 34%

Appears in 1 contract

Samples: Restricted Stock Agreement (O Charleys Inc)

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Vesting of the Award. The shares of Restricted Stock granted pursuant to Section 1 hereof shall vest at such times (each, a "Vesting Date") and in the percentages set forth below, if and only if the Grantee is continuously employed by the Company (or any Subsidiary or Affiliate of the Company) in the same position as Grantee holds on the date hereof (or a substantially equivalent or higher position as determined by the Company in its sole discretion) from the date hereof through such Vesting Date (except as set forth in Section 5(b) hereof): PERCENTAGE OF VESTING DATE RESTRICTED STOCK VESTING ------------ ------------------------ November 15, 2005 33% November 15---------------------------------- -------------------------------------- October 3, 2006 33% November 15October 3, 2007 33% October 3, 2008 34%

Appears in 1 contract

Samples: Restricted Stock Agreement (O Charleys Inc)

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