General Vesting. Subject to the forfeiture provisions of section 2(b) and the accelerated vesting provisions of section 2(c), all of the Restricted Shares shall vest on the earlier of Recipient’s voluntary retirement as a Service Provider to the Company or the third anniversary date of the Grant Date (as such date may be modified by application of section 2(c), the “Vesting Date”). All Restricted Shares which shall have vested are referred to herein as “Vested Shares.” All Restricted Shares which are not vested are referred to herein as “Unvested Shares.” Upon vesting, the Restricted Shares shall no longer be subject to forfeiture pursuant to section 2(b) of this Agreement.
Appears in 2 contracts
Samples: Restricted Stock Grant Agreement (Strattec Security Corp), Restricted Stock Grant Agreement (Strattec Security Corp)
General Vesting. Subject to the forfeiture provisions of section 2(b) and the accelerated vesting provisions of section 2(c), all of the Restricted Shares shall vest on the earlier of Recipient’s voluntary retirement as a Service Provider to the Company or the third anniversary date of the Grant Date (as such date may be modified by application of section 2(c), the “"Vesting Date”"). All Restricted Shares which shall have vested are referred to herein as “"Vested Shares.” " All Restricted Shares which are not vested are referred to herein as “"Unvested Shares.” " Upon vesting, the Restricted Shares shall no longer be subject to forfeiture pursuant to section 2(b) of this Agreement.
Appears in 2 contracts
Samples: Restricted Stock Grant Agreement (Strattec Security Corp), Restricted Stock Grant Agreement (Strattec Security Corp)
General Vesting. Subject to the forfeiture provisions of section 2(b) and the accelerated vesting provisions of section 2(c), all of the Restricted Shares shall vest on the earlier of Recipient’s voluntary retirement as a Service Provider to the Company or the third anniversary date of the Grant Date (as such date may be modified by application of section 2(c), the “Vesting Date”). All Restricted Shares which shall have vested are referred to herein as “Vested Shares.” All Restricted Shares which are not vested are referred to herein as “Unvested Shares.” Upon vesting, the Restricted Shares shall no longer be subject to forfeiture pursuant to section 2(b) of this Agreement.
Appears in 1 contract
Samples: Restricted Stock Grant Agreement (Strattec Security Corp)