Common use of Time Award Clause in Contracts

Time Award. Twenty-five percent (25%) of the Time Award shall vest on the one (1) year anniversary of August 18, 2011. Seventy-five percent (75%) of the Time Award shall vest in twelve (12) equal quarterly installments beginning on November 18, 2012 (such that six and one quarter percent (6.25%) of the Time Award will vest on each date), subject to the Participant’s continued Service through each applicable vesting date.

Time Award. Twenty-five percent (25%) of the Time Award shall vest on the one (1) year anniversary of August 18February 7, 20112014. Seventy-five percent (75%) of the Time Award shall vest in twelve (12) equal quarterly installments beginning on November 18May 7, 2012 (2015 [such that six and one quarter percent (6.25%) of the Time Award will vest on each date)], subject to the Participant’s continued Service through each applicable vesting date.

Time Award. Twenty-five Forty percent (2540%) of the Time Award shall vest on the one two (12) year anniversary of August 18, 2011. Seventy-five the Date of Grant and sixty percent (7560%) of the Time Award shall vest in twelve (12) equal quarterly installments beginning on November 18, 2012 at the end of the first calendar quarter after the two (2) year anniversary of the Date of Grant (such that six and one quarter five percent (6.255%) of the Time Award will vest on each date), subject subject, in each case, to the Participant’s continued Service through each applicable vesting date.