Common use of Service Vesting Condition Clause in Contracts

Service Vesting Condition. You must remain in the continuous service of the Company, Sterling National Bank and/or any of their subsidiaries from the Award Date through the December 31, 2021 vesting date (the “Vesting Date”) specified in this Award Notice (the “Service Vesting Condition”) in order to vest in any Performance Award Shares upon the achievement of either of the two Performance Goals during the Performance Period.

Appears in 6 contracts

Samples: Sterling Bancorp, Sterling Bancorp, Sterling Bancorp

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