Common use of Restriction Period and Vesting Clause in Contracts

Restriction Period and Vesting. (a) Subject to subsections (b) through (d) below and Section 5.8 of the Plan, the Award shall vest with respect to 33-1/3% of the original number of Shares subject to the Award on each of the first three one-year anniversaries of the Grant Date; provided, that, the Participant does not experience a Termination prior to the applicable vesting date.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Aviv REIT, Inc.), Restricted Stock Award Agreement (Aviv REIT, Inc.)

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Restriction Period and Vesting. (a) Subject to subsections (b) through (d) below and Section 5.8 of the Plan, the Award shall vest with respect to 33-1/320% of the original number of Shares subject to the Award on the date which is 181 days immediately following the Grant Date and on each of the first three four one-year anniversaries of the Grant Date; provided, that, the Participant does not experience a Termination prior to the applicable vesting date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Aviv REIT, Inc.)

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Restriction Period and Vesting. (a) Subject to subsections (b) through and (dc) below and Section 5.8 of the Plan, the Award shall vest with respect to 33-1/3% of the original number of Shares subject to the Award become fully vested on each of the first three one-year anniversaries anniversary of the Grant Date; provided, that, the Participant does not experience a Termination prior to the applicable vesting date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Aviv REIT, Inc.)

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