Installment Vesting Clause Samples
The Installment Vesting clause establishes a schedule by which ownership rights or benefits, such as stock options or equity, are granted incrementally over a set period. Typically, this means that an individual earns a specified portion of their total entitlement at regular intervals—such as monthly or annually—rather than receiving the full amount upfront. This approach incentivizes continued participation or employment and protects the granting party by ensuring that full benefits are only realized if certain conditions, like ongoing service, are met.
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Installment Vesting. Any Revenue Growth RSUs awarded on the Determination Date shall vest in two installments, as follows: (i) two-thirds of the total Revenue Growth RSUs awarded shall immediately vest on the Determination Date, and (ii) the remaining one-third shall vest on the first anniversary of the Determination Date, in each case provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.
Installment Vesting. Any New Business Growth RSUs awarded on the Determination Date shall vest on the first anniversary of the Determination Date provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.
Installment Vesting. Any TSR Performance RSUs awarded on the Determination Date shall vest in two installments, as follows: (i) two-thirds of the total TSR Performance RSUs awarded shall immediately vest on the Determination Date, and (ii) the remaining one-third shall vest on the first anniversary of the Determination Date, in each case, provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.
Installment Vesting. Any Look-Back RSUs awarded on the Determination Date shall vest in three installments, as follows: (i) one-third of the total Look-Back RSUs awarded shall vest thirteen (13) months after the Determination Date, (ii) one-third shall vest on the second anniversary of the Determination Date, and (iii) the remaining one-third shall vest on the third anniversary of the Determination Date, in each case, provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.
Installment Vesting. Any Operating Income RSUs awarded on the Determination Date shall vest on the first anniversary of the Determination Date provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.
Installment Vesting. Any Executive Performance RSUs awarded on the Determination Date shall vest in three installments, as follows: (i) one-third of the total Executive Performance RSUs awarded shall vest on the first anniversary of the Award Date, (ii) one-third of the total Executive Performance RSUs awarded shall vest on the second anniversary of the Award Date, and (iii) the remaining one-third of the total Executive Performance RSUs awarded shall vest on the third anniversary of the Award Date, in each case provided that the Participant’s Continuous Service has not terminated before the applicable vesting date.
Installment Vesting. Except as provided below in this Section 3, fifty percent (50%) of the aggregate number of PSUs earned in accordance with Section 2.A. or Section 2.C. above shall become vested on the Measurement Date, and fifty percent (50%) of the aggregate number of PSUs earned in accordance with Section 2.A. or Section 2.C. above shall become vested on the first anniversary of the Measurement Date, based on the Participant’s continued employment through each such date. Upon a termination of the Participant’s Service for any reason other than in a Qualifying Termination (as provided below) prior to either such vesting date, the Participant shall forfeit, immediately and without consideration, all then unvested PSUs upon such termination of Service.