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.
Appears in 5 contracts
Samples: Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2011 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2013 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)
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 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.)