Common use of Installment Vesting Clause in Contracts

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.

Appears in 5 contracts

Samples: Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2012 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2012 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)

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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 Continuous Service has not terminated before the applicable vesting date.

Appears in 2 contracts

Samples: 2015 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2016 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)

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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 Date provided that the Participant’s status as a Participant under this Agreement has not terminated before the applicable vesting date.

Appears in 1 contract

Samples: Executive Performance Rsu Agreement (Fuel Tech, Inc.)

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