Common use of Commencement of Vesting and Exercisability Clause in Contracts

Commencement of Vesting and Exercisability. (a) Subject to the Optionee’s continued employment with the Company or its Subsidiaries through the applicable vesting date, the Earned Performance Shares shall vest and become exercisable according to a vesting schedule that is set forth in a Schedule to the Agreement or provided to the Optionee through the Optionee’s online account with the Company’s designated broker/stock plan administrator, and is in accordance with the periods set forth in Section 3.3 below

Appears in 2 contracts

Samples: Option Award Agreement, Option Award Agreement (Willis Group Holdings PLC)

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Commencement of Vesting and Exercisability. (a) Subject to the Optionee’s continued employment with the Company or its Subsidiaries through the applicable vesting date, the Earned Performance Shares shall vest and become exercisable according to a vesting schedule that is set forth in a Schedule to the Agreement or provided to the Optionee through the Optionee’s online account with the Company’s designated broker/stock plan administrator, and is in accordance with the periods set forth in Section 3.3 3.2 below:

Appears in 1 contract

Samples: Share Option Award Agreement (Willis Group Holdings PLC)

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Commencement of Vesting and Exercisability. (a) Subject to the Optionee’s continued employment with the Company or its Subsidiaries through the applicable vesting date, the Earned Performance Shares shall vest and become exercisable according to a vesting schedule that is set forth in a Schedule schedule to the Agreement or provided to the Optionee through the Optionee’s online account with the Company’s designated broker/stock plan administrator, and is in accordance with the periods set forth in Section 3.3 3.2 below:

Appears in 1 contract

Samples: Time Based Share Option Award Agreement (Willis Towers Watson PLC)

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