Time-Based RSUs. Fifty percent (50%) of the Total Target RSUs (the “Time-Based RSUs”) shall vest in equal installments of twelve and one-half percent (12.5%) of the Total Target RSUs on March 12, 2014, March 12, 2015, March 12, 2016, and March 12, 2017 (or if the Company’s shares are not traded such day on an established national or regional securities exchange, the vesting date shall be the immediately prior day on which the Company’s shares are traded on an established national or regional securities exchange), subject to the Participant’s continued employment by the Company or one of its Subsidiaries through each such vesting date; and
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Hawaiian Telcom Holdco, Inc.)
Time-Based RSUs. Fifty percent (50%) of the Total Target RSUs RSUs, rounded to the nearest whole share (the “Time-Based RSUs”) ), shall vest in equal installments of twelve and one-half percent (12.5%) of the Total Target RSUs on March 12, 20142018, March 12, 20152019, March 12, 20162020, and March 12, 2017 2021, (or if the Company’s shares are not traded such day on an established national or regional securities exchange, the vesting date shall be the immediately prior day on which the Company’s shares are traded on an established national or regional securities exchange), subject to the Participant’s continued employment by the Company or one of its Subsidiaries through each such vesting date; and
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Hawaiian Telcom Holdco, Inc.)
Time-Based RSUs. Fifty percent (50%) of the Total Target RSUs (the “Time-Based RSUs”) shall vest in equal installments of twelve and one-half percent (12.5%) of the Total Target RSUs on March 12, 20142016, March 12, 20152017, March 12, 20162018, and March 12, 2017 2019, (or if the Company’s shares are not traded such day on an established national or regional securities exchange, the vesting date shall be the immediately prior day on which the Company’s shares are traded on an established national or regional securities exchange), subject to the Participant’s continued employment by the Company or one of its Subsidiaries through each such vesting date; and
Appears in 1 contract
Sources: Employment Agreement (Hawaiian Telcom Holdco, Inc.)