Acceleration of Vesting of Restricted Stock Sample Clauses

Acceleration of Vesting of Restricted Stock. Upon a Change in Control, all shares of unvested Restricted Stock held by the Executive immediately prior to the Change in Control (“Unvested Restricted Stock") shall vest; provided, however, that if the repurchase rights with respect to the Unvested Restricted Stock are assigned to the successor corporation (or parent thereof) or are otherwise to continue in full force and effect pursuant to the terms of the Change in Control, then fifty percent (50%) of the Unvested Restricted Stock shall vest immediately prior to the effective date of such Change in Control and the remaining fifty percent (50%) of the Unvested Restricted Stock shall continue to vest pursuant to the schedule described in Section 3.3.2 above; and provided further, however, that if the Executive’s Service is terminated by reason of an Involuntary Termination within three (3) months before or within thirteen (13) months following a Change in Control, then all unvested shares of Restricted Stock held by the Executive (whether such shares are purported to be assumed by the successor corporation or not) shall immediately vest.
Sample 1
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Acceleration of Vesting of Restricted Stock. An aggregate of 3,361 shares of restricted stock held by Participant and originally scheduled to vest on March 15, 2007 and 2008, will accelerate and become fully vested on the Retirement Date.
Sample 1
Acceleration of Vesting of Restricted Stock. Purchaser shall take all actions necessary and desirable to cause each outstanding share of Restricted Stock that was not vested immediately prior to the Effective Time to become fully vested and nonforfeitable as of the Effective Time.
Sample 1
Acceleration of Vesting of Restricted Stock. In the event that the Grantee's employment with Databit is terminated (i) pursuant to Section 6 of the Employment Agreement, or (ii) upon the non-renewal of the Employment Agreement (whether after the Initial Term or any Renewal Term (as each such term is defined in the Employment Agreement)), then all unvested shares of Restricted Stock shall immediately vest upon such termination. Anything in this Paragraph 5 and the Employment Agreement to the contrary notwithstanding, all unvested shares of Restricted Stock shall immediately vest upon the occurrence of a Change of Control (as defined in Section 6(c) of the Employment Agreement) of the Company or Databit.
Sample 1
Acceleration of Vesting of Restricted Stock. Short holds 159,844 shares of the Company’s common stock that were granted to Short pursuant to the Company’s 2014 Equity Incentive Plan, 147,837 of which shares are unvested (such unvested shares, the “Unvested Shares”) and 12,007 of which shares are vested (such vested shares, the “Vested Shares”) as of the Effective Date. Effective upon the Company delivering the Initial Payment to Short and without any further action being required, all the Unvested Shares shall vest. Within three (3) business days thereafter, the Company shall deliver to the Company’s stock transfer agent a letter (the “Direction Letter”) directing the transfer agent to issue to Short a stock certificate representing any Unvested Shares and Vested Shares that are then held in escrow, adjusted for withholding of taxes by reducing the number of shares delivered, consistent with the Company’s past practices, so that Short receives a certificate for a net number of shares on which taxes have been withheld in the form of the reduction of the final number of shares delivered (the “Unrestricted Stock Certificate”), and will provide Short’s attorney with a copy of the Direction Letter. The Unrestricted Stock Certificate shall contain no restrictive legends so that the net shares delivered to Short can be sold immediately; provided however that Short understands and agrees that until he resigns as a member of Company’s Board of Directors, Short will be an affiliate of the Company. Short understands that because of Short’s affiliate status, if Short desires to transfer any shares of the Company Stock in accordance with Rule 144 under the Securities Act of 1933, Short will need to comply with certain notice and volume limitation requirements thereunder. Further, Short agrees to comply with anti-fraud rules under federal and state law in connection with his sale of Company shares, including without limitation any laws restricting the ability of a shareholder to transfer shares while in possession of material nonpublic information.
Sample 1
Acceleration of Vesting of Restricted Stock. Subject to the terms and conditions set forth herein, the 10,000 shares of time-based restricted stock granted to Employee on April 12, 2010, which would vest on April 12, 2013, shall vest no later than March 15, 2013. Employee must be employed by the Company on February 15,2013 (or have resigned for Good Reason or discharged other than for Cause, as such terms are defined in Section Five below) in order for such acceleration of vesting to occur. The acceleration shall be conditioned upon the Employee having signed, and not timely revoked, a Release and the vesting date shall be as soon as practicable after Employee has signed, and does not timely revoke, a Release.
Sample 1
Acceleration of Vesting of Restricted Stock. 3.1 In the event that the Vesting Condition is achieved by the Company, and the Company's Adjusted EPS Growth (as defined below) for the Company's fiscal year ending December 31, 200_ shall increase as set forth in the table immediately below, the vesting of certain amounts of the Restricted Stock (as indicated in the below table) that would otherwise vest on the Final Vesting Date shall be accelerated and shall be deemed vested for all purposes on the date that is no later than ninety (90) days after the later of (i) the end of such fiscal year or (ii) completion of an audit of such fiscal year by the Company's then current Auditors, in accordance with the table immediately below. ---------------------------------------------------------------------------------------------- ADJUSTED EPS GROWTH % OF RESTRICTED STOCK NUMBER OF SHARES OF SUBJECT TO ACCELERATED RESTRICTED STOCK SUBJECT TO VESTING ACCELERATED VESTING ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- *1% 0% ---------------------------------------------------------------------------------------------- 1--1.999% 10% ---------------------------------------------------------------------------------------------- 2--4.999% 20% ---------------------------------------------------------------------------------------------- 5--9.999% 30% ---------------------------------------------------------------------------------------------- 10--19.999% 50% ---------------------------------------------------------------------------------------------- 20--24.999% 75% ---------------------------------------------------------------------------------------------- **25% 100% ---------------------------------------------------------------------------------------------- ---------- * = less than ** = greater than or equal to
Sample 1
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Related to Acceleration of Vesting of Restricted Stock

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Payment of Restricted Stock Units Payment of Restricted Stock Units that vest pursuant to this Section shall be made in Shares (or, if applicable, settlement in the same consideration paid to the stockholders of the Company pursuant to the Change in Control), as soon as practicable following the applicable vesting date. The Restricted Stock Units are intended to be exempt from application of Section 409A of the Code, and any ambiguities set forth herein shall be interpreted accordingly. However, to the extent that an exemption is not available and the Restricted Stock Units are “deferred compensation” subject to the requirements of Section 409A of the Code, the following provisions shall apply and shall supersede anything to the contrary set forth herein and in the Plan to the extent required for the settlement of the Restricted Stock Units to comply with the requirements of Section 409A of the Code. In a Change in Control or Corporate Transaction the Award must be assumed, continued or substituted by the Surviving Corporation or the Parent Corporation and any Shares scheduled to be issued upon an applicable scheduled Vest Date may not be earlier issued unless the Change in Control or Corporate Transaction is also a change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company as described in Code Section 409A(a)(2)(A)(iv) and an exemption is available and elected under Treasury Regulation 1.409A-3(j)(4)(ix)(B) or such earlier issuance of the Shares is otherwise permitted by Section 409A of the Code. The Company retains the right to provide for earlier issuance of Shares in settlement of the Restricted Stock Units to the extent permitted by Section 409A of the Code.

  • Terms of Restricted Stock Units The grant of RSUs provided in Section 1 hereof shall be subject to the following terms, conditions and restrictions:

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Grant of Restricted Share Units Subject to all of the terms and conditions of this Award Agreement and the Plan, the Company hereby grants to the Participant [ ] Class A restricted share units (the “RSUs”).

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Committee hereby grants to the Participant 3,250 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

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