VESTING AND FORFEITURE OF RESTRICTED STOCK Sample Clauses

VESTING AND FORFEITURE OF RESTRICTED STOCK. Subject to earlier vesting in accordance with the provisions of Paragraph 7(b) below, Grantee shall become vested as to 50% of the shares of Restricted Shares subject to this Agreement as of four years following the Grant Date, and Grantee shall become vested as to the remaining 50% of the shares of Restricted Shares subject to this Agreement as of five years following the Grant Date, each such date being a Vesting Date; provided, however, that Grantee shall not vest, pursuant to this Paragraph 4, in shares of Restricted Shares as to which Grantee would otherwise vest as of a given date if Grantee has not been continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date (the vesting or forfeiture of such shares to be governed instead by the provisions of Paragraph 5). Notwithstanding the foregoing, in the event that any date on which vesting would otherwise occur is a Saturday, Sunday or a holiday, such vesting shall instead occur on the business day next following such date.
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VESTING AND FORFEITURE OF RESTRICTED STOCK. The Restricted Stock shall vest, or shall be forfeited, in whole or in part, as provided on Exhibit A attached hereto.
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VESTING AND FORFEITURE OF RESTRICTED STOCK. Subject to the limitations contained herein, you will vest in your Restricted Stock as provided in your Grant Notice, provided that vesting will cease upon the termination of your employment with the Company and its Subsidiaries and Affiliates. If there is a Change in Control (as defined in the Plan) while you are employed by the Company or any Subsidiary or Affiliate of the Company, and you are terminated without Cause or you terminate for Good Reason, your Restricted Stock shall become immediately 100% vested upon such Change in Control and subsequent termination. Any Restricted Stock in which you are not vested when you terminate employment with the Company and its Subsidiaries and Affiliates shall be forfeited and ownership of such Shares shall return to the Company on your employment termination date.
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VESTING AND FORFEITURE OF RESTRICTED STOCK. Subject to earlier vesting in accordance with the provisions of Paragraph 7(b) below, Grantee shall become vested as to 100% of the shares of Restricted Shares subject to this Agreement as of one (1) year following the Grant Date; provided, however, that Grantee shall not vest, pursuant to this Paragraph 4, in shares of Restricted Shares as to which Grantee would otherwise vest as of a given date if Grantee has not been continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date (the vesting or forfeiture of such shares to be governed instead by the provisions of Paragraph 5). Notwithstanding the foregoing, in the event that any date on which vesting would otherwise occur is a Saturday, Sunday or a holiday, such vesting shall instead occur on the business day next following such date.
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VESTING AND FORFEITURE OF RESTRICTED STOCK. Your Award Shares will vest and become immediately transferrable on ______________ (“Vesting Date”), which is ______________ from the date of grant (“Restriction Period”), if you remain in service of Cass through the Vesting Date, the Restriction Period will lapse with respect to the Award Shares and Xxxx shall deliver the Shares to you effective on the Vesting Date. Xxxx shall deliver the Shares to you as explained in Section 3 of this Award Agreement.
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VESTING AND FORFEITURE OF RESTRICTED STOCK. Subject to earlier vesting in accordance with the provisions of Paragraph 7(b) below, Grantee shall become vested as to 50% of the Restricted Shares subject to this Agreement as of January 1, 2001, and Grantee shall become vested as to the remaining 50% of the Restricted Shares subject to this Agreement as of January 1, 2002, each such date being a Vesting Date; provided, however, that Grantee shall not vest, pursuant to this Paragraph 4, in shares of Restricted Shares as to which Grantee would otherwise vest as of a given date if Grantee has not been continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date (the vesting or forfeiture of such shares to be governed instead by the provisions of Paragraph 5).
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VESTING AND FORFEITURE OF RESTRICTED STOCK 
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Related to VESTING AND FORFEITURE OF RESTRICTED STOCK

  • Forfeiture of Restricted Stock Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Award of Restricted Stock 1.1 Effective as of the Grant Date, the Company hereby grants to Grantee an award of the number of shares of restricted Common Stock of the Company specified above (“Restricted Stock”), subject to, and in accordance with, the restrictions, terms and conditions set forth in the Plan and this Agreement.

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

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