Service Condition for Vesting Sample Clauses

Service Condition for Vesting. Provided that the applicable Price Condition (as defined below) has been achieved, the applicable percentage of the Restricted Units set forth in Section 2 below shall vest subject to the Grantee’s continued Employment through and at the close of business on the later of (i) the Service Vesting Date (as defined below) (the “Service Condition”) and (ii) the date the applicable Price Condition is met (the Service Vesting Date, with any such later vesting date, the “Vesting Dates”). Any RHUs that do not vest on or prior to the Expiration Date (as defined below) shall immediately be forfeited as of such date.
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Service Condition for Vesting. Provided that the applicable Price Condition (as defined below) has been achieved, the applicable percentage of the Restricted Units set forth in Section 2 below shall vest subject to the Grantee’s continued Employment through and at the close of business on the Vesting Date (as defined below) (the “Service Condition”). Any RHUs that do not vest on the Vesting Date shall immediately be forfeited as of such date.
Sample 1Sample 2
Service Condition for Vesting. Provided that the applicable Price Condition (as defined below) has been achieved, a percentage of the REUs shall vest subject to the Grantee’s continued Employment through and at the close of business on the applicable Service Vesting Date or Service Vesting Dates (the “Service Condition”).The following table sets forth the maximum number of REUs that are eligible to vest on each Service Vesting Date, subject to the Grantee’s continued Employment through each such date and the satisfaction of the applicable Price Condition: Percentage of Granted REUs that May Become Vested on Applicable Service Vesting Date Applicable Service Vesting Date [●]% [●] [●]% [●] [●]% [●] [●]% [●] [●]% [●] To the extent the percentage of REUs that have achieved the Price Condition exceed the maximum percentage of REUs that may vest on a given Service Vesting Date, such excess (up to the next applicable maximum percentage) shall vest on the next Service Vesting Date, if applicable, subject to the Grantee’s continued Employment through the close of business on such date. To the extent the Service Condition with respect to any REUs is satisfied prior to the achievement of the Price Condition applicable to such REUs, then the relevant percentage of REUs will vest only on the date such Price Condition is achieved.
Sample 1

Related to Service Condition for Vesting

  • Termination of Option and Accelerated Vesting This Option will terminate upon the expiration date, except as set forth in the following provisions:

  • Employment Requirement This Option may be exercised only while the Optionee remains employed with the Company or a parent or subsidiary thereof, and only if the Optionee has been continuously so employed since the date of this Agreement; provided that:

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

  • Grant of Option; Conditions Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if:

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Xxxxx of Option; Conditions Tenant shall have the right to extend the Term (the “Renewal Option”) for one additional period of 5 years commencing on the day following the Termination Date of the initial Term and ending on the 5th anniversary of the Termination Date (the “Renewal Term”), if:

  • Termination for Nonpayment In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

  • Option Vesting Options shall vest as follows:

  • Exercise Period Vesting Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

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