Additional Time-Based Vesting Provision Sample Clauses

Additional Time-Based Vesting Provision. In the event Executive’s employment terminates due to a Deemed Voluntary Termination: (i) Executive shall be eligible for the full Target Bonus for the calendar year ending December 31, 2021 but (ii) Executive will not be entitled to receive either (x) the Stretch Bonus for the calendar year ending December 31, 2021, or (y) the Bonus otherwise payable with respect to the calendar year ending December 31, 2022. EXHIBIT D
Sample 1
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Additional Time-Based Vesting Provision. Notwithstanding anything in this Exhibit D to the contrary, PSAs granted to Executive hereunder for Performance Periods beginning in 2021 and 2022 shall be forfeited in the event Executive’s employment terminates due to Deemed Voluntary Termination. Moreover, in the event Executive ceases to be employed as the Company’s Chief Operating Officer under this Agreement but remains employed with the Company in another capacity as of January 1, 2023, then effective January 1, 2023: (i) Executive will be one third (1/3) vested in that PSA granted to Executive for the Performance Period beginning in 2021, and (ii) the remainder of the PSAs granted to Executive for Performance Periods beginning in 2021 and 2022 shall be permanently and irrevocably forfeited as of January 1, 2023.
Sample 1
Additional Time-Based Vesting Provision. Notwithstanding anything in a given RSU award agreement or anything in this Exhibit E to the contrary, RSUs granted to Executive hereunder for Performance Periods beginning in 2021 and 2022 shall be forfeited in the event Executive’s employment terminates due to a Deemed Voluntary Termination. Moreover, in the event Executive ceases to be employed as the Company’s Chief Operating Officer under this Agreement but remains employed with the Company in another capacity as of January 1, 2023, then effective January 1, 2023: (i) Executive will be one third (1/3) vested in that RSU granted to Executive for the Performance Period beginning in 2021 and (ii) the remainder of the RSUs granted to Executive for Performance Periods beginning in 2021 and 2022 shall be permanently and irrevocably forfeited as of January 1, 2023.
Sample 1

Related to Additional Time-Based Vesting Provision

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Vesting Provisions The Options shall become exercisable in five equal installments on each of the first five anniversaries of the Grant Date, subject to the Employee’s continuous employment with Holding or any Subsidiary from the Grant Date to such anniversary.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Scheduled Vesting If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.

  • Vesting Schedules The vested interest of each Employee (who has an Hour of Service on or after January 1, 1989) in his Employer-derived account balance shall be determined on the basis of the following schedules:

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

  • Equity Vesting Acceleration Vesting acceleration (and exercisability, as applicable) as to 100% of the then-unvested shares subject to each of the Executive’s then-outstanding Company equity awards subject to only time-based (and not performance-based) vesting. In the case of equity awards with performance-based vesting, such awards will be treated as set forth in the applicable award agreement. For the avoidance of doubt, in the event of the Executive’s Qualifying Pre-CIC Termination, any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding until the earlier of (x) ninety (90) days following the Qualifying Termination or (y) the occurrence of a Change in Control, solely so that any benefits due on a Qualifying Pre-CIC Termination can be provided if a Change in Control occurs within the ninety (90) day period following the Qualifying Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). If no Change in Control occurs within the ninety (90) day period following a Qualifying Termination, any unvested portion of the Executive’s equity awards automatically and permanently will be forfeited on the ninetieth (90th) day following the date of the Qualifying Termination without having vested.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

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