Other Vesting Provisions Sample Clauses

Other Vesting Provisions. The following vesting provisions apply to the Plan (select one or more):
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Other Vesting Provisions. In addition, (a) all previously unvested Restricted Shares will vest on the seventh anniversary of the Commencement Date provided Executive remains an employee of Medscape and there does not exist Good Cause to terminate the Executive on such date and (b) the portion of previously unvested Restricted Shares for which the Performance Vesting Date has not yet occurred shall vest upon the termination (or constructive termination, upon the Executive's resignation for Good Reason (as defined in the Agreement to which this Annex A is appended)) by Medscape of Executive's employment other than for (x) Good Cause (as defined in the Agreement to which this Annex A is appended) or (y) Executive's failure to attain at least 50% of the Target Revenue Goal in any year; provided, however, with respect to clause (y), such clause shall cease to be applicable if in any year subsequent to the year in which the Executive fails to attain at least 50% of the Target Revenue Goal, Executive attains at least 50% of the Target Revenue Goal applicable to that subsequent year. Further, if (a) the Stockholders' Agreement is further amended without the consent of the Executive in a manner which materially adversely affects the rights of the Executive expressed therein as of the date hereof or (b) after the first anniversary of the Commencement Date but prior to the second anniversary of such date there is a Change of Control (as defined below) of Medscape and Executive resigns, one-half of the portion of previously unvested Restricted Shares for which the Performance Vesting Date has not occurred shall immediately vest. If after the second anniversary of the Commencement Date but prior to the third anniversary of such date, there is a Change of Control of Medscape and Executive resigns, all of the previously unvested Restricted Shares for which the Performance Vesting Date has not occurred shall immediately vest. For purposes of this Annex A, if the Chief Executive Officer of Medscape has actual notice of Good Cause, Medscape must notify Executive within 30 days of such notice or that particular instance of Good Cause shall be waived for purposes of determining the vesting of Restricted Shares hereunder. "Change of Control" for purposes in this Annex A means and includes each of the following: (i) the acquisition, in one or more transactions, of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act of 1934, as amended (the
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Other Vesting Provisions 
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Related to Other Vesting Provisions

  • Vesting Provisions The Options shall become exercisable in five equal installments on each of the first five anniversaries of the Grant Date, subject to the Employee’s continuous employment with Holding or any Subsidiary from the Grant Date to such anniversary.

  • Restrictions; Vesting Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to Restricted Stock Units shall vest, if at all, as follows:

  • Vesting Schedules The vested interest of each Employee (who has an Hour of Service on or after January 1, 1989) in his Employer-derived account balance shall be determined on the basis of the following schedules:

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

  • Forfeiture Provisions The performance security shall contain forfeiture provisions for failure, after proper notice, to complete work within the time specified, or to initiate or maintain any actions which may be required of the applicant or owner in accordance with this ordinance, approvals issued pursuant to this ordinance, or an operation and maintenance agreement established pursuant to this ordinance.

  • Termination of Restrictions Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

  • Special Vesting Rules Notwithstanding Section 1.2 above:

  • Expiration of Restrictions and Risk of Forfeiture Unless otherwise provided in Section 7 below, the restrictions on the Restricted Stock Units granted pursuant to this Agreement, including the Forfeiture Restrictions, will expire on September 30, 2014, and shares of Stock that are nonforfeitable and transferable will be issued to you in payment of your vested Restricted Stock Units as set forth in Section 5, provided that you remain in the continuous employ of, or a service provider to, the Company or its Subsidiaries until September 30, 2014.

  • General Vesting The shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable Vesting Date: Number of Shares of Restricted Stock Vesting Date [ ] [ ] [ ] [ ] Except as otherwise provided in Sections [2(b),] [2(c),] [2(d),] [2(e)] and 4 hereof, there shall be no proportionate or partial vesting of shares of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of shares of Restricted Stock shall occur only on the applicable Vesting Date.

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