Periodic Vesting Sample Clauses

Periodic Vesting. Subject to subparagraph 3(b) below, the Options shall vest and become nonforfeitable in accordance with the following schedule: On the Date of grant: 0% Vested On or after the first anniversary of the date of grant: 20% Vested On or after the second anniversary of the date of grant: 20% Vested On or after the third anniversary of the date of grant: 20% Vested On or after the fourth anniversary of the date of grant: 20% Vested On or after the fifth anniversary of the date of grant: 20% Vested
Sample 1Sample 2
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Periodic Vesting. Plan Shares shall vest and become nonforfeitable ---------------- in accordance with the following schedule: _________ shares on ___________________, 19___ _________ shares on ___________________, 19___ _________ shares on ___________________, 19___ _________ shares on ___________________, 20___ _________ shares on ___________________, 20___ In addition, Plan Shares shall become vested and nonforfeitable upon disability, death, retirement and a change in control as set forth in the Plan.
Sample 1
Periodic Vesting. Subject to subparagraph 5(b) below, the Restricted Stock shall vest and become nonforfeitable in accordance with the following schedule: On the third anniversary of the Effective Date: 30% Vested On the fourth anniversary of the Effective Date an additional: 10% Vested On the fifth anniversary of the Effective Date an additional: 10% Vested On the sixth anniversary of the Effective Date an additional: 10% Vested On the seventh anniversary of the Effective Date an additional: 10% Vested On the eighth anniversary of the Effective Date an additional: 10% Vested On the ninth anniversary of the Effective Date an additional: 10% Vested On the tenth anniversary of the Effective Date an additional: 10% Vested
Sample 1Sample 2
Periodic Vesting. Subject to subparagraph 5(b) below, the Restricted Stock shall vest and become nonforfeitable in five (5) equal installments of twenty percent (20%) per year provided the Participant continues to be employed by the Company at the relevant vesting date, commencing (i.e., the first 20% shall vest) on the later to occur of (i) the average closing price of Common Stock on the NYSE being $16.00 per share (subject to appropriate adjustment for stock dividends, stock splits, or similar transactions) or more for any five (5) consecutive trading days or (ii) December 14, 2000.
Sample 1
Periodic Vesting. Subject to subparagraph 5(b) below, the Restricted Stock shall vest and become nonforfeitable in accordance with the following schedule: On the first anniversary of the Effective Date: 331/3% vested On the second anniversary of the Effective Date of Award: 331/3% vested On the third anniversary of the Effective Date of Award: 331/3% vested
Sample 1
Periodic Vesting. This Warrant initially shall not be vested or exercisable. This Warrant shall become vested as to the Warrant Shares in 12 equal monthly installments of 41,666-2/3rds Warrant Shares as of the first day of each month during the twelve-month period following the date hereof (the “Vesting Period”), in each case, so long as the Company shall not have notified ___ regarding the termination of the Investment Banking Agreement prior to such vesting date. For example, in the event the Company notifies ___ regarding the termination of the Investment Banking Agreement following the end of the fifth month of the Vesting Period, subject to the provisions of paragraph (b), below, this Warrant would then be vested and exercisable for 208,333-1/3rds Warrant Shares (i.e., 41,666-2/3rds Warrant Shares multiplied by five). Upon any termination of the Investment Banking Agreement by the Company for any reason, this Warrant shall be exercisable for the vested number of shares in accordance with its terms, and shall not be subject to any reduction contingent upon the occurrence of a Trigger Event.
Sample 1
Periodic Vesting. Plan Shares shall vest and become nonforfeitable in accordance with the following schedule: 1,018 shares on March 10 , 1998 ----- -------- -- 1,018 shares on March 10 , 1999 ----- -------- -- 1,018 shares on March 10 , 2000 ----- -------- -- 1,018 shares on March 10 , 2001 ----- -------- -- In addition, Plan Shares shall become vested and nonforfeitable upon disability, death and a change in control as set forth in the Plan.
Sample 1
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Related to Periodic Vesting

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Normal Vesting Subject to the terms and conditions of Sections 2 and 3 hereof, Grantee’s right to receive the Common Shares covered by this Agreement and any Deferred Cash Dividends accumulated with respect thereto shall become nonforfeitable on the fifth anniversary of the Date of Grant if Grantee has been in the continuous employ of the Company or a Subsidiary from the Date of Grant until the date of said fifth anniversary. For purposes of this Agreement, Grantee’s continuous employment with the Company or a Subsidiary shall not be deemed to have been interrupted, and Grantee shall not be deemed to have ceased to be an employee of the Company or a Subsidiary, by reason of any transfer of employment among the Company and its Subsidiaries.

  • Option Vesting Options shall vest as follows:

  • Regular Vesting Except as otherwise provided in the Plan or in this Section 2, your RSUs will vest ratably in three (3) equal annual increments commencing on the first anniversary of the Date of Grant.

  • Restricted Period; Vesting 3.1. Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in Schedule I have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the “Restricted Period”.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Scheduled Vesting If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.

  • Restriction Period and Vesting (a) The restrictions on the Award shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19, 1998 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 through 2002, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.

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