Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock shall become vested, and the restrictions described in Sections 2(b) and 2(c) shall lapse, according to the following vesting schedule, if the Grantee continues to be employed by, or provide service to, the Employer (as defined in the Plan) from the Date of Grant until the applicable vesting date:
Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock shall become vested, and the restrictions described in Sections 2(c) and 2(d) shall lapse, according to the following vesting schedule, if the Grantee continues to be employed by, or provide service to, the Employer (as defined in the Plan) from the Date of Grant until the applicable vesting date: Vesting Date Vested Shares The vesting of the Restricted Stock shall be cumulative, but shall not exceed 100% of the shares underlying the Restricted Stock. If the foregoing schedule would produce fractional shares, the number of shares that vest shall be rounded down to the nearest whole share.
Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock will become vested as set forth in Section 1 hereof.
Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock shall become vested, and the restrictions described in Paragraphs 2(b) and 2(c) below shall lapse, if the Grantee is employed by, or providing service to, the Employer (as defined in the Plan) on the applicable date: Date Shares for Which the Restricted Stock Is Vested First anniversary of the Date of Grant 25% Second anniversary of the Date of Grant 25% Third anniversary of the Date of Grant 25% Fourth anniversary of the Date of Grant 25% The vesting of the Restricted Stock is cumulative, but shall not exceed 100% of the shares of common stock of the Company subject to the Restricted Stock. If the foregoing schedule would produce fractional shares of common stock of the Company, the number of shares of common stock for which the Restricted Stock becomes vested shall be rounded down to the nearest whole share of common stock. The Restricted Stock shall become fully vested on the fourth anniversary of the Date of Grant, if the Grantee is employed by, or providing service to, the Employer on such date.
Vesting and Nonassignability of Restricted Stock. The shares of Restricted Stock shall become vested, and the restrictions described in Sections 2(b) and 2(c) shall lapse, in the manner provided below, if the Grantee continues to be employed by, or provide service to, the Employer (as defined in the Plan) from the Date of Grant until the applicable vesting date. For this purpose, the term “Shares” refers to the number of shares underlying that portion of the Award that vests in the manner described under Vest Type and Full Vest Date. The term “
Vesting and Nonassignability of Restricted Stock a. Except as otherwise provided in Paragraph 2(b) below, the Restricted Stock shall become vested, and the restrictions described in Paragraph 2(e) shall lapse at such times set forth below (the “Vesting Date”), as long as the Grantee has continuously served as an employee of Tivity Health (or an affiliate of Tivity Health) from the Effective Time through the applicable Vesting Date:
Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock shall become vested, and the restrictions described in Sections 2(d) and 2(e) shall lapse in accordance with the following schedule, if the Grantee continues to provide service to the Company from the Date of Grant until the applicable vesting date: Exhibit 10.3 ------------------------------------- ------------------------------------------ VESTING DATE SHARES VESTED ------------------------------------- ------------------------------------------ Date of Grant + 1 year 33-1/3% ------------------------------------- ------------------------------------------ Date of Grant + 2 years 33-1/3% ------------------------------------- ------------------------------------------ Date of Grant + 3 years 33-1/3% ------------------------------------- ------------------------------------------
Vesting and Nonassignability of Restricted Stock. The shares of Restricted Stock shall become vested, and the restrictions described in this Section 2 shall lapse, in the manner provided below, if the Grantee continues to provide service to the Company and/or its Affiliates (collectively, the “Employer”) as an employee from the Date of Grant until the applicable vesting date. For this purpose, the term “Shares” refers to the number of shares of Restricted Stock underlying that portion of the Award that vests in the manner described below. Except as provided in Section 4 below shares of Restricted Stock shall vest as follows:
Vesting and Nonassignability of Restricted Stock. The shares of Restricted Stock shall become vested, and the restrictions described in Sections 2(b) and 2(c) shall lapse, upon the Grantee’s satisfaction of the requirements of the Vesting Schedule set forth in the Summary of Grant. If the Vesting Schedule set forth in the Summary of Grant would result in the Grantee vesting in a fractional share of Restricted Stock, the number of shares in which the Grantee becomes vested shall be rounded down to the nearest whole share of Restricted Stock. Except as otherwise provided in the Summary of Grant, if the Grantee ceases to be employed by, or provide service to, the Employer for any reason before the Restricted Stock fully vests, the shares of Restricted Stock that are not then vested shall be forfeited and must be immediately returned to the Company. During the period before the shares of Restricted Stock vest (the “Restriction Period”), the non-vested Restricted Stock may not be assigned, transferred, pledged or otherwise disposed of by the Grantee. Any attempt to assign, transfer, pledge or otherwise dispose of the shares contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the shares, shall be null, void and without effect.
Vesting and Nonassignability of Restricted Stock. (a) The shares of Restricted Stock shall vest and the restrictions described in Section 2 shall lapse according to the following schedule, if the Participant is employed by, or provides service to, the Company from the Date of Grant until the applicable vesting date: Vesting Date Percentage of Shares of Restricted Stock Which Shall Vest: Six Months following the Date of Grant 25% Twelve Months following the Date of Grant 25% Eighteen Months following the Date of Grant 25% Twenty-Four Months following the Date of Grant 25% The vesting of the shares of Restricted Stock shall be cumulative, but shall not exceed 100% of the shares of Restricted Stock. If the foregoing schedule would produce fractional shares, the number of shares that vest shall be rounded down to the nearest whole share of Common Stock.
