Common use of Minimum Vesting Period Clause in Contracts

Minimum Vesting Period. Other Share-Based Awards granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based Award, except in the case of a Holder’s death, Disability, retirement or as otherwise permitted under Section 4.5. The limitations described in this Section 10.6 shall not apply to an Other Share-Based Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based Award, provided (a) the Award is granted by the Committee (consisting entirely of “independent directors” within the meaning of the New York Stock Exchange’s listed company rules), and (b) (i) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.6, or the minimum vesting requirements of Sections 7.5, 8.9 and 9.7, as applicable, and (ii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Other Share-Based Awards granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based Award, except in the case of a Holder’s death, Disability, retirement or as otherwise permitted under Section 4.54.7. The limitations described in this Section 10.6 10.5 shall not apply to an Other Share-Based Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based Award, provided (ai) the Award is granted by the Committee (consisting entirely of “independent directors” within as constituted following the meaning of initial public offering (but excluding the New York Stock Exchange’s listed company rulesChief Executive Officer)), and (bii) (ia) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.610.5, or the minimum vesting requirements of Sections 7.57.4, 8.9 8.8 and 9.7, as applicable, and (iib) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.54.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Other Share-Based Awards Any RSU Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based RSU Award, except in the case of a Holder’s death, Disability, retirement retirement, or as otherwise permitted under Section 4.5. The limitations described in this Section 10.6 8.9 shall not apply to an Other Share-Based RSU Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based RSU Award, provided (a) the Award is granted by the Committee (consisting entirely of “independent directors” within the meaning of the New York Stock Exchange’s listed company rules), and (b) (i) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.68.9, or the minimum vesting requirements of Sections 7.5, 8.9 9.7 and 9.710.6, as applicable, and (ii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Other Share-Based Awards Any Restricted Share Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based a Restricted Share Award, except in the case of a Holder’s death, Disability, retirement retirement, or as otherwise permitted under Section 4.5. The limitations described in this Section 10.6 7.5 shall not apply to an Other Share-Based a Restricted Share Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based a Restricted Share Award, provided (a) the Award is granted by the Committee (consisting entirely of “independent directors” within the meaning of the New York Stock Exchange’s listed company rules), and (b) (i) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.67.5, or the minimum vesting requirements of Sections 7.58.9, 8.9 9.7 and 9.710.6, as applicable, and (ii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Other Share-Based Awards Any RSU Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based RSU Award, except in the case of a Holder’s death, Disability, retirement retirement, or as otherwise permitted under Section 4.54.7. The limitations described in this Section 10.6 8.8 shall not apply to an Other Share-Based RSU Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based RSU Award, provided (ai) the Award is granted by the Committee (consisting entirely of “independent directors” within as constituted following the meaning of initial public offering (but excluding the New York Stock Exchange’s listed company rulesChief Executive Officer)), and (bii) (ia) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.68.8, or the minimum vesting requirements of Sections 7.57.4, 8.9 9.7 and 9.710.5, as applicable, and (iib) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.54.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Other Share-Based Awards Any Restricted Share Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Other Share-Based Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an Other Share-Based a Restricted Share Award, except in the case of a Holder’s death, Disability, retirement retirement, or as otherwise permitted under Section 4.54.7. The limitations described in this Section 10.6 7.4 shall not apply to an Other Share-Based a Restricted Share Award, or to the Committee’s exercise of discretion to accelerate vesting of an Other Share-Based a Restricted Share Award, provided (ai) the Award is granted by the Committee (consisting entirely of “independent directors” within as constituted following the meaning of initial public offering (but excluding the New York Stock Exchange’s listed company rulesChief Executive Officer)), and (bii) (ia) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 10.67.4, or the minimum vesting requirements of Sections 7.58.8, 8.9 9.7 and 9.710.5, as applicable, and (iib) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.54.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.