Vesting and Delivery of Shares. (a) Subject to the terms and provisions of the Plan and this Agreement, within sixty (60) days after each Vesting Date with respect to the Award, the Company shall issue or transfer to the Participant the number of Shares that vested on such Vesting Date as set forth on the Notice and the Retained Distributions, if any, covered by that portion of the Award. Except as otherwise provided in Sections 5 and 6, the vesting of such RSUs and any Retained Distributions relating thereto shall occur only if the Participant has continued in employment of the Company or any of its Affiliates on the Vesting Date and has continuously been so employed since the Date of Grant (as defined in the Notice).
Vesting and Delivery of Shares. 100% of the shares shall vest, and you will receive a certificate for the shares, on ________, 20__ (the “Vesting Date”). Except as provided herein, the shares will not vest, and you shall not receive a certificate on the Vesting Date, unless you are a Director of Invacare on a continuous basis from the date hereof through such Vesting Date.
Vesting and Delivery of Shares. Unless previously forfeited, Unit will deliver to you, or your designated beneficiary, or if none, to your devisees in the event of death, shares of Unit common stock (in lieu of the shares of restricted stock) as follows:
Vesting and Delivery of Shares. The Award shall become vested as to 1/3 of the Earned RSUs on each of December 31, 20___, December 31, 20___, and December 31, 20_. For avoidance of doubt, any RSUs not earned in accordance with Section 2 are deemed forfeited as of the end of the Performance Period and the Grantee will not be eligible to vest in such forfeited RSUs. Subject to the terms of the Plan and Sections 3(b), 3(f), 3(g), and 5(a) hereof, upon or as soon as practicable after vesting of any Earned RSUs hereunder (but in no event later than March 15th of the calendar year following the end of the Period of Restriction applicable to such RSUs), payment with respect to the vested RSUs shall be made in Shares (one Share for each RSU earned), free of all restrictions otherwise imposed by this Agreement.
Vesting and Delivery of Shares. No portion of the Award is vested as of the date hereof. Subject to Section 3 below, for the next five years, on each anniversary of the date hereof, 20% of the Award granted hereunder will vest. Notwithstanding the foregoing, in the event of your (i) death or (ii) involuntary termination of employment by the Company for a reason other than “cause” (as defined below), any then-unvested portion of the Award shall accelerate in full and become 100% vested. Vested Awarded Shares will be delivered to you as soon as practicable following vesting, but in any event no later than 2 1⁄2 months following the calendar year in which such Awarded Shares became vested (or any earlier date, after vesting, required to avoid characterization as non-qualified deferred compensation under Section 409A of the Code). In connection with the delivery of Awarded Shares, par value will be deemed paid for each Awarded Share by past services rendered by you. For purposes of the foregoing, “cause” shall mean: (i) your conviction by a court of competent jurisdiction of, or the pleading of guilty or nolo contendere to, any felony or any crime involving moral turpitude; (ii) gross negligence, breach of fiduciary duty or breach of any confidentiality, non-competition or developments agreement in favor of the Company; (iii) you shall have willfully and continually failed to substantially perform your duties with the Company after a written demand for substantial performance is delivered by the Company, which demand specifically identifies the manner in which the Company believes that you have not substantially performed your duties pursuant to the disciplinary procedures of the Company, and such failure of substantial performance shall have continued for a period of thirty (30) days after such written demand; (iv) you have been chronically absent from work (excluding vacations, illnesses or leaves of absences); (v) the commission by you of an act of fraud, embezzlement or misappropriation against the Company; or (vi) you shall have refused, after explicit notice, to obey any lawful resolution or direction by the Board which is consistent with your duties to the Company.
Vesting and Delivery of Shares. Subject to your continuous service with Invacare (except as provided in Article II) through [Insert Date] (the “Vesting Date”), you will be entitled to receive a number of shares of Invacare common stock (the “Shares”) equal to 100% of the Restricted Stock Units (“RSUs”) granted hereunder. The Shares will be delivered to you no later than sixty (60) days following the Vesting Date, subject to any applicable withholding.
Vesting and Delivery of Shares. You shall vest and will receive a certificate for the percentage of shares indicated on the date shown opposite such percentage, rounded to the nearest whole share: Percentage of Award Shares to be delivered On the corresponding Date indicated Date of Delivery of Shares 25% ___ 15, 20__ 25% ___ 15, 20__ 25% ___ 15, 20__ 25% ___ 15, 20__ Except as provided herein, the award will not vest, and you shall not receive a certificate on each vesting date indicated above unless you are a current employee of Invacare or a subsidiary on a continuous basis from the date hereof through such vesting date.
Vesting and Delivery of Shares. (a) Subject to the terms and provisions of the Plan and this Agreement, within sixty (60) days after each Vesting Date with respect to the Award, the Company shall issue or transfer to the Participant the number of Shares that vested on such Vesting Date as set forth on the Notice and the Retained Distributions, if any, covered by that portion of the Award. Except as otherwise provided in Sections 4, 5 and 6, the vesting of such RSUs and any Retained Distributions relating thereto shall occur only if (i) the Service Condition has been satisfied by the Participant’s continuous Employment by the Company or any of its Affiliates from the Date of Grant through the Vesting Date and (ii) the Performance Condition has been satisfied.
Vesting and Delivery of Shares. (a) Subject to the terms and provisions of the Plan and this Agreement, within sixty (60) days after each Vesting Date with respect to the Award, the Company shall issue or transfer to the Participant the number of Shares that vested on such Vesting Date as set forth on the Notice and the Retained Distributions, if any, covered by that portion of the Award. Except as otherwise provided in Sections 4, 5 and 6, the vesting of such RSUs and any Retained Distributions relating thereto shall occur only if (i) the Service Condition has been satisfied by the Participant’s continuous employment by the Company or any of its Affiliates from the Date of Grant through the Vesting Date and (ii) the Performance Condition has been satisfied. If the Performance Condition is not satisfied or deemed satisfied pursuant to Section 4(d), then, except as specified in Section 5(b) in the event of death or Disability before the Determination Date, the RSUs and any Retained Distributions relating thereto shall be forfeited.
Vesting and Delivery of Shares. The Performance Period (as defined in the Plan) for the Restricted Stock Units (“RSUs”) granted hereunder shall start on January 1, 20__ and end on December 31, 20__. Subject to your continuous employment with Invacare or a subsidiary (except as provided in the case of your Retirement (as defined in Article II), death or disability) through the final date of the Performance Period (the “Vesting Date”), you will be entitled to receive a number of shares of Invacare common stock (the “Shares”) equal to the number of RSUs that vest based on the levels of achievement of the performance goals set forth in Exhibit A, which may range from 0% to 150% of the Target Number. To the extent deliverable, the Shares will be delivered to you no later than sixty (60) days following the Vesting Date, subject to any applicable withholding.
