Optional Vesting Clause Samples
The Optional Vesting clause allows parties to choose whether certain rights, typically related to equity or ownership interests, will become vested over time or upon the occurrence of specific events. In practice, this means that an individual or entity may earn ownership in stages, such as through continued service or meeting performance milestones, rather than receiving full ownership immediately. This clause provides flexibility in structuring incentives and helps align interests by ensuring that benefits are earned progressively, thereby reducing the risk of premature departure or lack of commitment.
Optional Vesting. The Committee may also at any time and from time to time determine that any other PSUs and Dividend Units shall become vested based on such factors as the Committee may determine in its sole discretion (including, without limitation and by way of example only, performance of Employee’s operating unit, performance of the Company as a whole, benefits of providing additional long-term incentive compensation to Employee in light of the competitive market for Employee’s services, severance arrangements, etc.). If the Committee makes such a determination, then such additional PSUs and/or Dividend Units as may be specified by the Committee in such determination shall become vested at the time specified by the Committee in such determination.
Optional Vesting performance of Employee’s operating unit, performance of the Company as a whole, benefits of providing additional long-term incentive compensation to Employee in light of the competitive market for Employee’s services, severance arrangements, etc.). If the Committee makes such a determination, then such RSUs and/or Dividend Units as may be specified by the Committee in such determination shall become vested at the time specified by the Committee.
Optional Vesting. Provided Performance Criteria have theretofore been met, the Committee may determine that any other PSUs and Dividend Units shall become vested prior to the dates provided in Section 3(a) based on such factors as the Committee may determine in its sole discretion (including, without limitation and by way of example only, performance of Employee’s operating unit, performance of the Company as a whole, benefits of providing additional long-term incentive compensation to Employee in light of the competitive market for Employee’s services, severance arrangements, etc.). If the Committee makes such a determination, then such additional PSUs and/or Dividend Units as may be specified by the Committee in such determination shall become vested at the time specified by the Committee in such determination.