Conditions to Vesting. As a condition to the vesting of Shares, all of the following conditions must be fully satisfied on the applicable vesting date:
Conditions to Vesting. Except for continuation of employment with the Company as provided in Section 3(f) hereof, there are no conditions to the vesting of the shares of Restricted Stock granted hereunder.
Conditions to Vesting. At the time for vesting of any shares of Restricted Stock, and as a condition to vesting, Recipient must, if requested by Eclipsys, make appropriate representations in a form satisfactory to Eclipsys that such Restricted Stock will not be sold other than (A) pursuant to an effective registration statement under the Securities Act of 1933, as amended, or an applicable exemption from the registration requirements of such Act; (B) in compliance with all applicable state securities laws and regulations; and (C) in compliance with all terms and conditions of the Plan, the applicable Grant Notice, any applicable policy of Eclipsys or any of its Affiliates, and any other written agreement between Recipient and Eclipsys or any of its Affiliates.
Conditions to Vesting. Except as otherwise provided herein, rights to receive Shares granted under this Award shall become vested and nonforfeitable on the applicable Vesting Dates set out in this Award Agreement, provided that the Grantee remains continuously employed by the Company through the Vesting Date, except that, if a Vesting Date occurs on a day in which the NYSE is not open, the Vesting Date shall occur on the next occurring date that the NYSE is open. As used herein, “employment” or “employed” means Xxxxxxx’s employment by the Company and its subsidiaries and does not include employment by an Affiliate which is not a subsidiary of the Company unless the Committee so determines at the time such employment commences.
Conditions to Vesting. As a condition to Executive’s right to receive any benefits under Section 2 hereof, Executive shall execute and deliver to the Company a release agreement in a form acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day following Executive’s termination, or such shorter period as required in the Release (the “Release Deadline”). No benefits will be paid to Executive under Section 2 until the Release becomes effective and irrevocable. Payment with respect to Covered RSUs not subject to Section 409A will be made on the effective date of the Release.
Conditions to Vesting. At the time of the grant of shares of Restricted Stock, the Administrator may impose such restrictions or conditions to the vesting of such shares as it, in its absolute discretion, deems appropriate, including, but not limited to, achievement of performance criteria. The Administrator may also provide that the vesting or forfeiture of shares of Restricted Stock may be based upon the achievement of, or failure to achieve, certain levels of performance and may provide for partial vesting of Restricted Stock in the event that the maximum level of performance is not met if the minimum level of performance has been equaled or exceeded.
Conditions to Vesting. Lapse of Forfeiture or Delivery: One-third of the Restricted Shares vest on each of March 31, , and , provided the Participant has been employed by, or served in the designated position with, the Company or any of its Subsidiaries from the date of this Agreement continuously (excepting agreed upon leaves of absence and short-term disabilities not constituting a break in service) through each such vesting date. In the case of any Participant whose Restricted Shares continue to vest after termination of employment due to Retirement, such continued vesting shall be conditioned on and subject to continued satisfaction of the obligations set forth in Schedule D and additionally, if applicable, in Attachment C.
Conditions to Vesting. Except as otherwise provided in Section 4 of this Agreement, as a condition to the vesting of any portion of the shares of Restricted Stock, all of the following conditions must be fully satisfied on the applicable vesting date:
Conditions to Vesting. Except as otherwise provided in Section 3 below, the Phantom Units granted pursuant to this Agreement are subject to vesting, as described below in this Section 2, on in accordance with the criteria set forth under the Legacy Reserves LP Compensation Policy (Effective March 7, 2013), as amended, (the “Compensation Policy”) (attached hereto as Appendix B). The number of Phantom Units that actually vest on is subject to the achievement by the Partnership of certain objective, performance-based criteria (as determined by the “Employer” (as defined below)) during the cumulative three-year measurement period prior to the vesting date, in accordance with the Compensation Policy. If none or only a portion of the Phantom Units of a particular tranche vest as a result of target performance levels not being met, such number of Phantom Units that fail to vest will be forfeited and cancelled. Upon any such forfeiture of a Phantom Unit, the tandem DERs, along with any associated accrued distribution of cash with respect to the tandem DERs, shall automatically be cancelled without payment. Additionally, your “employment with the Partnership” (as defined in Section 3), or any of its Affiliates, as the case may be (the “Employer”), must be continuous from the Grant Date through the applicable vesting date in order for the Phantom Units to become vested under the provisions of this Agreement.
Conditions to Vesting. Subject to Sections 6 and 7 of this Agreement, and provided that the Participant remains an Employee from the Grant Date through the Vesting Date (as defined in Section 4(b) below), the Committee shall determine the percentage of Award that may vest and/or be forfeited based on the Company’s diluted Annual Earnings Per Share (“Annual EPS”) for the fiscal year ending June 30, 2012 (the “2012 Fiscal Year”) in accordance with the following chart: Level of Annual EPS for the Percentage of Award Percentage of Award Performance 2012 Fiscal Year Vesting Forfeited Threshold * One-third Two-thirds Target * Two-thirds One-third Maximum * 100 % 0 % * Omitted as confidential financial information, the disclosure of which would result in competitive harm to the registrant.
