Restricted Stock Vesting. Except as otherwise stated in this Section 2, you shall become vested in the Restricted Stock as follows (each of the dates described in (i) and (ii) below, a “Restricted Stock Vesting Date”):
Restricted Stock Vesting. The Restricted Stock shall vest as of the dates and in the amounts set forth below provided that the Awardee is serving as a Director on such date:
Restricted Stock Vesting. Fifty percent of any shares of stock that you have purchased from the Company that remain unvested on the Termination Date will vest on the Termination Date, except for shares that vest solely upon the achievement of a performance objective or objectives or shares that have their vesting accelerate upon the achievement of a performance objective or objectives.
Restricted Stock Vesting. As part of the Executive’s compensation, Executive shall be issued Sixteen Million Four Hundred Ninety Nine Thousand Seven Hundred (16,499,700) restricted Company Shares which shall vest in Executive, become unrestricted and be delivered to Executive in accordance with the terms and conditions of the Executive’s Restricted Stock Award Agreement, as well as in accordance with the 2011 Plan.
Restricted Stock Vesting. The Restricted Stock awarded hereunder shall vest as of the dates and in the amounts set forth below provided that Employee is employed on such date by any member of the Covanta Group:
Restricted Stock Vesting. This Agreement confirms that your restricted stock grant for 35,258 shares that you received as of February 10, 2000 will be 25% vested as of August 10, 2000 and will be 50% vested as of February 10, 2001 as a result of the stock's trading price reaching the $8 level for the required period, subject to your satisfying the service requirements (i.e., you work for the Company at least through the applicable date, a "Change of Control" as defined in the Company's 1993 Stock Option and Restricted Stock Plan, as amended, occurs before then, or you become vested pursuant to paragraph 10 of this Agreement).
Restricted Stock Vesting. In the event that Executive becomes entitled to a Separation Payment under any paragraph of paragraph 9.1., except for section 9.1.5., then Compaq shall vest Executive in the Restricted Stock as provided in this paragraph. Vesting under this paragraph shall be effective one hundred eighty calendar days after the Termination Date, provided Executive has remained in compliance with his obligations under this Agreement during that period. If Executive becomes entitled to vesting under this paragraph, then Compaq shall vest Executive in the number of shares of the Restricted Stock determined by the formula [(N/60 x 200,000) - Y] where N equals the number of whole calendar months in the period from the Effective Date to the end of the calendar year in which the Termination Date occurs (maximum of 60) and Y equals the number of shares of the Restricted Stock that have vested under section 5.4.2. of this Agreement as of the Termination Date. The 200,000 in the formula above shall be adjusted to the same extent that the original number of shares of Restricted Stock is adjusted pursuant to Section 4 (d) of the Plan due to a stock dividend, subdivision, or combination of shares or reclassification.
Restricted Stock Vesting. Unless otherwise provided in this Agreement, the shares of Restricted Stock shall become vested and non-forfeitable on such dates as follows, provided that the Grantee has remained continuously employed by the Company through such applicable date. Date Restricted Percentage of Restricted Stock Becomes Vested Stock That Becomes Vested January 4, 2011 33.33% January 4, 2012 33.33% January 4, 2013 33.34% The Restricted Stock shall become vested, pursuant to the schedule above, with respect to the nearest whole number of shares of Common Stock, as determined by the Administrator in its sole discretion.
Restricted Stock Vesting. Executive was granted 30,000 restricted shares of the Company’s common stock under the Company’s 1997 Stock Incentive Plan, as amended (the “1997 Plan”), pursuant to which 1/3 of such restricted shares vested as of May 24, 2006, and an additional 1/3 will vest on both May 24, 2007 and May 24, 2008. The 10,000 restricted shares that vested as of May 24, 2006 are fully vested and unrestricted as of such date. The remaining 20,000 restricted shares will continue to vest after the termination of Executive’s Employment Agreement throughout the time period that Executive remains an employee of the Company and until Executive’s final date of employment. At such time, vesting of a pro-rata portion of the remaining unvested restricted shares shall be accelerated and be deemed fully vested with no restrictions under the 1997 Plan. A certificate representing such unrestricted shares shall be delivered to Executive as promptly as possible. Executive acknowledges that the sale of any such unrestricted shares shall remain subject to all SEC or other applicable laws and regulations. All remaining restricted shares (the 20,000 restricted shares less the pro-rata portion that was accelerated) shall immediately cease to vest and will revert to the Company in accordance with the terms and conditions of the 1997 Plan.
Restricted Stock Vesting. Executive owns 60,000 restricted shares of the Company’s common stock, granted under the Company’s 1997 Stock Incentive Plan (the “1997 Plan”), which would have become vested as to 1/3 on May 24, 2006, 1/3 on May 24, 2007, and 1/3 on May 24, 2008. The 20,000 restricted shares that would have become vested as of May 24, 2006 will vest on the Separation Date and will become unrestricted as of such date. All other restricted stock (40,000 shares) shall immediately cease to vest and will revert to the Company in accordance with the terms and conditions of the 1997 Plan.
