Common use of Time Condition Clause in Contracts

Time Condition. The Performance Shares shall be deemed to have satisfied the Time Condition in equal installments on the first business day of each calendar month over a four-year period beginning January 1, 2026, subject to the Participant’s continued employment with the Company (or any affiliate thereof) through each applicable vesting date except as otherwise set forth in this Agreement.

Appears in 2 contracts

Sources: Performance Award Agreement (New ERA Energy & Digital, Inc.), Performance Award Agreement (New ERA Energy & Digital, Inc.)

Time Condition. The Performance Shares shall be deemed to have satisfied the Time Condition in equal installments on the first business day of each calendar month over a four-year period beginning January March 1, 2026, subject to the Participant’s continued employment with the Company (or any affiliate thereof) through each applicable vesting date except as otherwise set forth in this Agreement.

Appears in 1 contract

Sources: Performance Award Agreement (New ERA Energy & Digital, Inc.)