Vest definition

Vest means to become exercisable or to otherwise obtain ownership rights in an award.

Vest or “Vesting” means that a portion of the Option granted to the Option Holder which is available to be exercised by the Option Holder at any time and from time to time.

Vest or “Vested” means:

Examples of Vest in a sentence

• For this purpose, full months of employment shall be based on monthly anniversaries of the Vest Period Start Date, not calendar months.

• A Hi Vis Vest with reflective striping will be provided during the earth works phase of the Project.

• Growth Rate % of Target Second Tranche to Vest [***]% or Above (Maximum) 150% [***]% (Target) 100% [***]% (Threshold) 50% Below [***]% No Vesting *Subject in all cases to the terms of the Plan and the Agreement, including the discretionary and interpretative authority of the Administrator set forth in the Plan and the Agreement.

• Growth Rate % of Target First Tranche to Vest [***]% or Above (Maximum) 150% [***]% (Target) 100% [***]% (Threshold) 50% Below [***]% No Vesting *Subject in all cases to the terms of the Plan and the Agreement, including the discretionary and interpretative authority of the Administrator set forth in the Plan and the Agreement.

• The prorated portion of the Options that vests on the Participant’s termination of employment due to the Participant's Retirement will be determined by multiplying the total number of unvested Options with a vesting date within 12 months of termination by a fraction, of which the numerator is the number of full months (not to exceed 12) the Participant has been continually employed since the Vest Period Start Date, and the denominator is 12.

More Definitions of Vest

Vest means:

Vest as used herein with respect to the Stock Option or any portion thereof means to become exercisable and the term “vested” as used herein with respect to the Stock Option (or any portion thereof) means that the Stock Option (or portion thereof) is then exercisable. Unless earlier terminated, forfeited, relinquished or expired, the Stock Option will vest .

Vest. "Vesting," or "Vested" means:

Vest means the lapse of the Forfeiture Restrictions with respect to all or a portion of the Restricted Performance Shares.

Vest or “Vested” means that, with respect to a Performance Share, both (i) such Performance Share has Performance-Vested and (ii) the continued service condition has been satisfied.

Vest means that the Grantee has satisfied all conditions precedent imposed by the Plan and the related Award Agreement to his right to exercise an Option, to hold Restricted Stock free of any obligation to forfeit or retransfer the same to Company or to receive payments under a Restricted Stock Unit or Stock Appreciation Right.

Vest means no longer subject to forfeiture. As used herein, employment by the Company shall include employment by a corporation which is a "subsidiary corporation" of the Company as such term is defined in Section 424 of the Code. References in this Agreement to sections of the Code shall be deemed to refer to any successor section of the Code or any successor internal revenue law.