Common use of Time Vesting Clause in Contracts

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] shares vesting on the one year anniversary of the Date of Award, the second installment of [__] shares vesting on the two year anniversary of the Date of Award and the third installment of [__] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Saia Inc), Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments outlined in the table below with the first installment of [__] shares vesting on the one year anniversary of the Date of Award, the second installment of [__] shares vesting on the two year anniversary of the Date of Award and the third installment of [__] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictionsthe restrictions of Section 2.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Saia Inc), Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [____] shares vesting on the one year anniversary of the Date of Award, the second installment of [____] shares vesting on the two year anniversary of the Date of Award and the third installment of [____] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [____] shares vesting on the one year anniversary of the Date of Award, the second installment of [____] shares vesting on the two year anniversary of the Date of Award and the third installment of [____] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] shares vesting on the one year anniversary 616295224 of the Date of Award, the second installment of [__] shares vesting on the two year anniversary of the Date of Award and the third installment of [__] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] ( ) shares vesting on the one year anniversary of immediately upon the Date of Award, the second installment of [__] ( ) shares vesting on the two one year anniversary of the Date of Award and the third installment of [__] ( ) shares vesting on the three second year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Butler National Corp)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] 1,566 shares vesting on the one year anniversary of the Date of Award, the second installment of [__] 1,566 shares vesting on the two year anniversary of the Date of Award and the third installment of [__] 1,566 shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)