Award Vesting. (a) The Cash Incentive Award shall be unearned and unvested unless and until it becomes earned and vested and nonforfeitable in accordance with this Section 3. The Cash Incentive Award shall vest and be earned and payable as follows: (i) 1/3 on the Trigger Event Date; (ii) an additional 1/3 on the first anniversary of the Trigger Event Date; and (iii) the final 1/3 on the second anniversary of the Trigger Event Date. Any portion of the Cash Incentive Award granted pursuant to this Agreement that becomes earned in accordance with this Agreement shall be referred to herein as “Earned Cash Incentive Award.”
Award Vesting. The Company hereby awards to Holder, and Holder hereby accepts, as of the Date of Award, the number of shares of Common Stock indicated below (the “Restricted Stock”) for the purchase price per share, if any, indicated below. The Restricted Stock shall be subject to all of the terms and conditions set forth in this Agreement, including the restrictions imposed pursuant to Section 3 hereof. Holder: ________________________ Date of Award: _________, 200__ Number of shares of Restricted Stock: ____________ Purchase Price per share: $0.001 Vesting Schedule: __________ shares on __________, 20 __________ shares on __________, 20 __________ shares on __________, 20 Holder must be [a director] [an employee] on the date the Restricted Stock is scheduled to vest pursuant to the above Vesting Schedule in order to receive any shares of Common Stock pursuant to Section 4(b).
Award Vesting. The Company hereby awards to Holder, and Holder hereby accepts, as of the Date of Award, the number of Restricted Stock Units (the “Units”) indicated below. The Units shall be subject to all of the terms and conditions set forth in this Agreement, including the restrictions imposed pursuant to Section 3 hereof. Holder: Xxxxx Xxxxxxxx Date of Award: April 24, 2015 Number of Restricted Stock Units: 12,000 Vesting Schedule: Number of Units Scheduled Vesting Date 4,000 4,000 4,000 April 24, 2016 April 24, 2017 April 24, 2018 Holder must be an employee on the date the Units vest pursuant to the above Vesting Schedule in order to receive any shares of Common Stock pursuant to Section 4(b).
Award Vesting. (a) The Company, effective as of the date of this Agreement, hereby grants to the Recipient, and the Recipient hereby accepts from the Company, upon the terms and subject to the conditions, limitations and restrictions set forth in this Agreement and the Plan, restricted stock units (the “Restricted Stock Units”) convertible into 22,026 shares (the “Shares”) of the Company’s Common Stock, par value $0.01 per share.
Award Vesting. No Award Amount will be payable to you hereunder unless the Award is vested. The Award will vest in the following circumstances:
Award Vesting. The Award granted under this Agreement will vest on October 7, 2013 only if the Employee is employed by the Company or any “subsidiary corporation” as defined in Section 424(f) of the Code and any applicable regulations promulgated thereunder or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company (each, a “Subsidiary”) on such date.
Award Vesting. The Company hereby awards to Holder, and Holder hereby accepts, as of the Date of Award, the number of shares of Common Stock indicated below (the “Restricted Stock”) for the purchase price per share indicated below. The Restricted Stock shall be subject to all of the terms and conditions set forth in this Agreement, including the restrictions imposed pursuant to Section 3 hereof. Holder: ___________ Date of Award: ___________ Number of shares of Restricted Stock: Purchase Price per share: $0.001 Vesting Schedule: ___________ Holder must be an employee on the date the Restricted Stock vests pursuant to the above Vesting Schedule in order to receive any shares of Common Stock pursuant to Section 4(b).
Award Vesting. Subject to Section 3 below, a percentage of the Award will vest based on satisfaction of the performance conditions and the other terms set forth in Attachment A to this Agreement as determined by the Committee in its sole discretion, which determination will be made on a date (“Determination Date”) that is no later than ninety (90) days after the end of the Performance Period (as defined in Attachment A), subject to the Employee’s being employed from the Grant Date through to and including the Determination Date by the Company or any “subsidiary corporation” as defined in Section 424(f) of the Code and any applicable regulations promulgated thereunder or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company (each, a “Subsidiary”).
Award Vesting. In the event of any Change in Control, each option, stock appreciation right and/or share of restricted stock awarded to Employee that is then outstanding shall, immediately prior to the specified effective date of such Change in Control, become 100% vested; provided and notwithstanding the foregoing, if and to the extent any Award is, in connection with the Change in Control, either continued in effect, assumed by the successor corporation (or parent thereof) or replaced with an award relating to shares of the capital stock of the successor corporation (or its parent corporation) that in all material respects is substantially similar to the Award, than one-half (½) of the then unvested option(s), appreciation right(s) and/or restricted stock subject to such Award shall immediately prior to the effective date of the Change in Control, become vested, and the balance of such unvested option(s), appreciation right(s) and/or restricted stock shall continue to vest pursuant to the terms of the applicable Award Agreement. In the event Employee’s employment is terminated by Aptimus other than for Cause or by Employee with Good Reason within one (1) year following such Change in Control, and such Award was continued, assumed or replaced in the Change in Control and was not otherwise accelerated at that time, all of the unvested option(s), appreciation right(s) and/or shares subject to such Award shall vest immediately upon such termination and be exercisable for a period the longer of: (a) the end of the calendar year in which Employee’s employment is terminated, or (b) two and a half (2½) months following the date the exercise period would otherwise expire pursuant to the original Award Agreement. To the extent Awards are not continued or assumed by the successor corporation or an affiliate thereof, all unexercised Awards shall terminate and cease to remain outstanding immediately following the consummation of the Change in Control.
Award Vesting. Subject to (1) the release set forth in Section 6 becoming Irrevocable following the Separation Date in accordance with Section 8, (2) the Employee’s continued employment in good standing and in accordance with Section 1(a)-(b) through the Separation Date, (3) the Employee’s continued service in good standing and in accordance with Section 2(a)-(b) through the end of the Consulting Period and (4) the Employee’s continued compliance with the restrictive covenants set forth in Section 5 through the applicable vesting dates, if applicable:
