Dependent Vesting Clause Samples

The Dependent Vesting clause establishes that the vesting of certain rights or benefits, such as equity or stock options, is contingent upon the fulfillment of specific conditions or milestones. For example, an employee’s shares may only vest if they remain employed for a set period or if the company achieves certain performance targets. This clause ensures that recipients are incentivized to meet predefined objectives or maintain their relationship with the company, thereby aligning interests and reducing the risk of unearned benefits being granted.
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a vesting schedule for the employer health contribution for dependents as follows:
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty (30) days following ratification of this agreement or who on that date are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows:
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: 50% of the normal employer dependent portion of the contribution upon initial enrollment; 75% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and 100% of the normal employer dependent portion of the contribution upon completion of 24 months of service.
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Dependent Vesting. Unit 17 employees who first become eligible for health benefit enrollment on or after thirty
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after July 1, 2006, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment; b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and c. One-hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service. The employer dependent contribution amounts shall be established by CalHR each year at the same time that the normal employer health contributions are established. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month.
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty (30) days following ratification of this agreement or who on that date are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows: a. 75% of the normal employer dependent portion of the contribution upon initial enrollment. b. 100% of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service. The employer dependent contribution amounts shall be established by CalHR each year at the same time that the normal employer health contributions are established. The established dollar amount(s) shall not be increased in subsequent years without a negotiated agreement by both parties.
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: 50% of the normal employer dependent portion of the contribution upon initial enrollment; 75% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and 100% of the normal employer dependent portion of the contribution upon completion of 24 months of service. Effective July 1, 2014, employees who first became eligible for health benefit enrollment or are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows: 75% of the normal employer dependent portion of the contribution upon initial enrollment; 100% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and The implementation of this section is subject to the economic trigger provision described in Section 7.1 Adjusted Pay Ranges.
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Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty
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Dependent Vesting. Unit 17 employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two (2)-year vesting schedule for the employer health contribution for dependents as follows: a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment; b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and c. One Hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service.
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Related to Dependent Vesting

  • Normal Vesting Subject to the Plan and this Agreement, if the Participant has been in Continuous Employment through the Vesting Date as set forth in Section 1, then the RSUs subject to such Vesting Date will become nonforfeitable (“Vest” or similar terms).

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified 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). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Vesting No portion of this Option shall vest prior to the dates indicated below. Subject to Section 4 hereof, on or after the date of grant and the following dates this Option may be exercised up to the indicated percentage of shares covered by this Option: Percentage of Each Priced Option Initially Cumulative Percentage Date Exercisable Exercisable ------------------------------------------------------------------------------------------------- Effective Date 25% 25% First Anniversary of Effective Date 25% 50% Second Anniversary of Effective Date 25% 75% Third Anniversary of Effective Date 25% 100% Subject to earlier termination under Section 4 hereof, at any time after the third anniversary of the Effective Date, but no later than the Expiration Date, Optionee may purchase all or any part of the shares subject to this Option which Optionee theretofore failed to purchase. The grant of 300,000 of the 400,000 options (including 100,000 options exercisable at $18) which are the subject of this option are expressly subject to the approval by the stockholders of the Company of such grant and, accordingly, none of the options vesting after the Effective Date may be exercised unless and until such approval has been obtained. In each case the number of shares which may be purchased shall be calculated to the nearest full share. Notwithstanding the foregoing, the options granted hereby shall become fully exercisable prior to the scheduled dates above (subject, however, to the provisions of the paragraph relating to stockholder approval) if Executive's employment with the Company pursuant to the terms of his employment agreement with the Company of even date herewith (the "Employment Agreement") is terminated prior to the expiration of the term by the Company without cause or by Executive for good reason (as defined in the Employment Agreement) or due to a Change of Control (as defined in the Employment Agreement). Further, if Executive has not been offered appointment as chief executive officer of the Company by December 31, 1999, and as a result terminates his employment on or before March 31, 2000, then the options which would have vested on January 1, 2001 shall become vested concurrently with such termination. The payments that Executive shall be entitled to receive upon the exercise of the options covered hereby and under his Employment Agreement shall in all events be limited by the provisions of Section 280G of the Internal Revenue Code ("Code") and the regulations thereunder (or their then equivalents) and no payment shall be made (and no option vesting accelerated) that would have the result of limiting the deductibility of such payments by the Company that would result in the imposition of an excise tax under Section 4999 of the Code.