Common use of Time Vesting Requirement Clause in Contracts

Time Vesting Requirement. The “Time Vesting Requirement” means the time-based vesting Restrictions for the Performance Units during the Performance Period. Provided the Committee certifies that the Performance Vesting Requirement has been satisfied, the time-based Restrictions on the Performance Units shall lapse and the Performance Units shall become vested as to:

Appears in 2 contracts

Samples: Settled Performance Share Unit Award Agreement (Approach Resources Inc), Settled Performance Share Unit Award Agreement (Approach Resources Inc)

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Time Vesting Requirement. The “Time Vesting Requirement” means the time-based vesting Restrictions for the Performance Units Restricted Shares during the Performance Restricted Period. Provided the Committee certifies that the Performance Vesting Requirement has been satisfied, the The time-based Restrictions on the Performance Units Restricted Shares shall lapse and the Performance Units vesting date shall become vested occur as to:

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Approach Resources Inc), Restricted Stock Award Agreement (Approach Resources Inc)

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