DBP Clause Samples
DBP. Awards granted under the DBP will vest and become exercisable, conditionally on the Effective Date, in full, in accordance with the DBP rules, with any options remaining exercisable from the date of the Offer for a period of three calendar months following the Effective Date.
DBP. In accordance with the rules of the DBP, to the extent that such awards have not previously vested and unless they lapse earlier in accordance with their terms, awards under the DBP (representing the deferred element on bonus awards already earned) will vest (including as to applicable dividend equivalents) in full on the Unconditional Date. Offeror acknowledges that, pursuant to the terms of the DBP, the provisions of the DBP relating to clawback shall not be applicable following the Unconditional Date.