Common use of Time of Vesting Clause in Contracts

Time of Vesting. One-third of the Restricted Stock Units covered by this Agreement shall vest on each of the first, second, and third anniversaries of the Date of Grant, with the vesting of each installment subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, if any) through the applicable vesting date; provided, however, that upon the Grantee’s termination of employment due to his death or Disability, the number of Restricted Stock Units that would have vested during the Company’s fiscal year in which the Grantee’s termination of employment due to his death or Disability occurs (but which had not vested in such fiscal year prior to the date of the Grantee’s termination of employment due to his death or Disability), will fully vest as of the date of the Grantee’s termination of employment due to his death or Disability.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Post Holdings, Inc.), Restricted Stock Unit Agreement (Post Holdings, Inc.), Restricted Stock Unit Agreement (Post Holdings, Inc.)

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