Common use of Service Condition Clause in Contracts

Service Condition. Net Restricted Shares determined in accordance with Paragraphs C(1) and C(2) become Vested Shares if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if the Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Prior to _______, ___ 0% _______, ___ and after 100% The Employee shall be determined to have provided “Continuous Service” through the date specified in the Vesting Schedule above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of Employment.

Appears in 1 contract

Samples: Restricted Stock Award (Ruby Tuesday Inc)

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Service Condition. The Net Restricted Shares Unit determined in accordance with Paragraphs C(1) and C(2) become Vested Shares becomes payable only if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if to the extent the Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date dates described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Unit Becoming Payable Prior to _____, __, ___ 0% ______, ____ _% ______, ____ and after 100_% The Employee shall be determined to have provided “Continuous Service” through the each date specified in the Vesting Schedule as to the portions of the Net Unit indicated above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of EmploymentEmployment through the applicable date.

Appears in 1 contract

Samples: Performance Unit Award (Ruby Tuesday Inc)

Service Condition. Net Restricted Shares determined in accordance with Paragraphs C(1) and C(2) become Vested Shares if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if the Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Prior to ________, _____ 0% __________, ____ and after 100% The Employee shall be determined to have provided “Continuous Service” through the date specified in the Vesting Schedule above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of Employment.

Appears in 1 contract

Samples: Restricted Stock Award (Ruby Tuesday Inc)

Service Condition. The Net Restricted Shares Incentive determined in accordance with Paragraphs C(1) and C(2) become Vested Shares becomes payable only if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if to the extent Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date dates described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Incentive Becoming Payable Prior to _______June 1, ___ 2014 0% _______June 1, ___ and after 2014 50% June 1, 2015 100% The Employee shall be determined to have provided “Continuous Service” through the each date specified in the Vesting Schedule as to the portions of the Net Incentive indicated above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of EmploymentEmployment through the applicable date.

Appears in 1 contract

Samples: Ruby Tuesday Inc

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Service Condition. The Net Restricted Shares Incentive determined in accordance with Paragraphs C(1) and C(2) become Vested Shares becomes payable only if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if to the extent the Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date dates described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Incentive Becoming Payable Prior to _______, ___ 0% ______, ___ _% ______, ___ and after 100_% The Employee shall be determined to have provided “Continuous Service” through the each date specified in the Vesting Schedule as to the portions of the Net Incentive indicated above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of EmploymentEmployment through the applicable date.

Appears in 1 contract

Samples: Ruby Tuesday Inc

Service Condition. Net Restricted Shares The Total Incentive, if any, determined in accordance with Paragraphs Paragraph C(1) and C(2) become Vested Shares becomes payable only if and to the extent the Service Condition is satisfied. The Service Condition is satisfied only if to the extent the Employee provides Continuous Service to the Company and/or any affiliate for the period beginning with the Grant Date through the date dates described in the following Vesting Schedule: Continuous Service Date Percentage of Net Restricted Shares which are Vested Shares Total Incentive Becoming Payable Prior to ___ _____, % ___ 0_% ___ _____, ___ and after 100% The Employee shall be determined to have provided “Continuous Service” through the date each Continuous Service Date specified in the Vesting Schedule as to the portions of the Total Incentive indicated above if the Employee continues in the employ of the Company and/or any affiliate without experiencing a Termination of EmploymentService through the applicable Continuous Service Date.

Appears in 1 contract

Samples: Ruby Tuesday Inc

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