Time-Based Award. The Time-Based Award shall vest in accordance with the schedule set forth below (each such date, a “Time-Based Award Vesting Date”). Percentage of Award Vested Vesting Date 100% Third Anniversary of the Grant Date
Time-Based Award. The Time-Based Award entitles you to a cash payment from the Company on (or within five business days after) the Time-Based Award Payment Date in an amount equal to the Time-Based Award Payment Amount. In the event your employment with the Company terminates prior to the occurrence of the Time-Based Award Payment Date for any reason other than death, Disability, or Involuntary Termination, then you shall, for no consideration, immediately forfeit to the Company the Time-Based Award and you shall not have any further rights with respect to such Award.
Time-Based Award. The Executive will be granted an award of time-vesting RSUs (the “Time-Based LTI Award”). The Time-Based LTI Award will vest subject to a vesting schedule and the Executive’s continuous employment through the applicable vesting date. The Time-Based LTI Award is subject to the Board’s approval and the Executive’s acceptance of related equity award grant agreements with the Company containing standard terms and conditions.
Time-Based Award. The Time-Based Award, unless earlier terminated or forfeited, shall vest as to one-third (1/3rd) of the total number of Shares subject to the Time-Based Award on each of the first, second, and third anniversaries of the Grant Date, subject to the Participant remaining in continuous Employment on the applicable vesting date.
Time-Based Award. Subject to the Participant’s continued employment with the Company through the applicable vesting date, or as otherwise set forth in Section 2(c) hereof, the Units subject to the Time-Based Award shall vest and become nonforfeitable with respect to one-third (1/3) of such Units on the last day of the Company’s 2008, 2009 and 2010 fiscal years, (i.e., the fiscal years ending in those calendar years), respectively (determined without regard to any future changes of the Company’s fiscal year).
Time-Based Award. 80,000 shares shall vest over a four (4) year period based on continued employment with the Company, with 20,000 shares vesting on each of the first, second, third and fourth anniversaries of the Effective Date (the “Time-Based Award” and such shares, the “Time-Based Shares”), evidenced by an award agreement, in substantially the form attached hereto as Exhibit E. Notwithstanding anything in the Integrated Electrical Services, Inc. (n/k/a IES Holdings, Inc.) Amended And Restated Executive Officer Severance Benefit Plan dated as of January 12, 2016 (“Severance Plan”) or in any other benefit plan or agreement to the contrary, if Executive’s employment is terminated by the Company without Cause, by Executive for Good Reason, or due to Executive’s death or Disability (“Cause,” “Good Reason” and “Disability” are as defined in Section 14 of the Severance Plan), the unvested Time-Based Shares shall automatically vest in full as of the Executive’s date of termination. If, immediately following the occurrence of a Change in Control (as defined in Section 4.03 of the Severance Plan), the value of the unvested Time-Based Shares is determined by reference to a class of stock that is publicly traded on an established U.S. securities market (a “Publicly Traded Stock”), including by reason of an adjustment due to recapitalization or the assumption of the Time-Based Award by the corporation surviving any merger or other corporate transaction or the publicly traded parent corporation thereof (the “Successor Corporation”), the unvested Time-Based Shares shall become vested subject only to satisfying the relevant service condition described in this Section 5(C)(1). In such circumstance, the service condition will be deemed satisfied in full upon any termination of Executive’s employment (i) by the Company without Cause, (ii) by Executive for Good Reason, or (iii) due to Executive’s death or Disability, in any case occurring on or after such a Change in Control. If, immediately following the occurrence of the Change in Control, the value of the unvested Time-Based Shares is not determined by reference to a Publicly Traded Stock, whether because the Successor Corporation does not have Publicly Traded Stock or determines not to assume the Time-Based Award, the unvested Time-Based Shares shall vest in full upon the occurrence of such Change in Control. Upon any termination of Executive’s employment at any time for any reason other than by the Company without Cause, by Executive ...
Time-Based Award. The Time-Based Award will be a portion of the New Hire Option covering 1,168,530 shares (an amount that represents approximately one percent (1%) of the fully-diluted capitalization of the Company as of the date hereof) and will be subject to time-based vesting and, subject to the approval of the Board of the final vesting terms, it will be recommended that the Time-Based Award will vest per the following vesting schedule: twenty-five percent (25%) of the total shares subject to the Time-Based Award will vest on the one (1)-year anniversary of the vesting commencement date and 1/48th of the total shares subject to the Time-Based Award will vest ratably on each one (1) month anniversary thereafter (and if there is no corresponding day, the last day of the month), provided that the Executive remains a service provider of the Company through the applicable vesting date.
Time-Based Award. The Target Amount of the Time-Based Award shall vest and be earned in full on the Vesting Date, subject to the Participant’s continuous service with the Company or any Affiliate or Subsidiary through the Vesting Date (the “Service Condition”).
Time-Based Award. The Time Based Award will vest in three (3) annual installments as follows: (i) shares on December 31, 2006; (ii) shares on December 31, 2007; and (iii) shares on December 31, 2008, provided that the Executive is employed by the Company on the relevant December 31 and such Executive’s employment with the Company had not terminated during the applicable twelve (12) month period preceding the vesting date, unless otherwise provided in Section 8 of this Agreement.
Time-Based Award. The Time-Based Award, unless earlier terminated or forfeited, shall vest as to one-third (1/3rd) of the total number of Shares subject to the Time-Based Award on each of the first, second, and third anniversaries of the Grant Date, subject to the Participant remaining in continuous Employment on the applicable vesting date. Notwithstanding the foregoing, in the event that the Participant’s Employment terminates as a result of the Participant’s death or is terminated by the Company due to the Participant’s Disability, the Time-Based Award, to the extent then outstanding and unvested, shall become fully vested as of the date of termination. [●] Shares of the Award will be subject to the performance-based vesting provisions set out in Section II below (“Performance-Based Award”) in accordance with the terms of this Agreement, including this Schedule A, and the Plan.
