Common use of Full Vesting Clause in Contracts

Full Vesting. Upon full vesting of this RSU, Shares shall be delivered to Grantee (or the person to whom ownership rights may have passed by will or the laws of descent and distribution), on or as soon as administratively practicable after, the first to occur of the following: (i) The date that is 30 days following the [NUMBER] anniversary of the Date of Grant; (ii) The occurrence of a Change of Control; (iii) The date that is 30 days following the date the Grantee ceases to be a member of the Board due to Grantee’s death or disability; or (iv) The date that is six months and one day following the date the Grantee ceases to be a member of the Board due to the Grantee’s retirement.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Toll Brothers Inc)

Full Vesting. Upon full vesting of this RSU, Shares shall be delivered to Grantee (or the person to whom ownership rights may have passed by will or the laws of descent and distribution), on or as soon as administratively practicable after, the first to occur of the following: (i) The date that is 30 days following the [NUMBER] second (2nd) anniversary of the Date of Grant; (ii) The occurrence of a Change of Control; (iii) The date that is 30 days following the date the Grantee ceases to be a member of the Board due to Grantee’s death or disability; or (iv) The date that is six months and one day following the date the Grantee ceases to be a member of the Board due to the Grantee’s retirement.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Toll Brothers Inc)

Full Vesting. Upon full vesting of this RSU, Shares shall be delivered to Grantee (or the person to whom ownership rights may have passed by will or the laws of descent and distribution), on or as soon as administratively practicable after, the first to occur of the following: (i) The date that is 30 days following the [NUMBER] anniversary of the Date of Grant▇▇▇▇▇; (ii) The date that is 30 days following the date the Grantee ceases to be a member of the Board following the occurrence of a Change of Control; (iii) The date that is 30 days following the date the Grantee ceases to be a member of the Board due to Grantee▇▇▇▇▇▇▇’s death or disabilityDisability; or (iv) The date that is six months and one day following the date the Grantee ceases to be a member of the Board due to the Grantee’s retirement.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Toll Brothers, Inc.)