Vesting and Restrictions. Restrictions shall be imposed on a transfer of the Shares issued pursuant to the Restricted Stock Award, and such Shares shall be subject to risk of forfeiture, as follows: The Shares issued pursuant to the Restricted Stock Award shall become vested at the rate of 25% per year on each of July 1, 2005, July 1, 2006, July 1, 2007 and July 1, 2008, provided the Recipient is still in the employ of the Corporation or a Subsidiary on each such respective vesting date. Restrictions shall be imposed on any transfer of the Shares subject to the Restricted Stock Award until such time as the Shares shall become vested in accordance with this Section 2. If the Recipient's employment with the Corporation and its Subsidiaries terminates prior to the date on which the Shares become vested, any Shares (and any dividends, distributions and adjustments with respect thereto) which were not theretofore vested shall be forfeited. Notwithstanding the preceding, 100% of the Shares shall become vested in the event of any of the following: (i) the consummation of a Change in Control while the Recipient is in the employ of the Corporation or a Subsidiary, (ii) termination of the Recipient's employment by the Corporation or a Subsidiary without Cause or (iii) such special circumstance or event as in the opinion of the Committee merits special consideration. Any other applicable restrictions or conditions under the requirements of any stock exchange upon which the Shares issued pursuant to the Restricted Stock Award or shares of the same class are then listed, and under any securities law applicable to such Shares, shall be imposed.
Vesting and Restrictions. All of the Restricted Stock Units shall be 100% vested as of the Grant Date; provide however that none of such Restricted Stock Units or the underlying Common Shares may be sold, exchanged, transferred, pledged, hypothecated, or otherwise disposed of by the Participant, whether voluntarily, involuntarily, or by operation of law (collectively, “Prohibited Dispositions”) until the expiration of the Restricted Period and any purported Prohibited Disposition shall be void and unenforceable against the Company; provided that the designation of a beneficiary shall not constitute a Prohibited Disposition. The “Restricted Period” shall be the period commencing on the Grant Date and ending on ending on the date the Participant is no longer a director or an executive officer of the Company.
Vesting and Restrictions. (a) The Restricted Shares will vest and the restrictions set forth in paragraph (b) will lapse, in accordance with the Vesting Schedule set forth on Schedule A, attached hereto, subject to all other terms and conditions of this Agreement and the Plan.
Vesting and Restrictions. (a)Subject to Sections 2(b), 2(c) and 2(d) hereof, the RSU Award shall vest on January 1, 2019 (the “Vesting Date”), provided that the Holder remains continuously employed by the Corporation or a Subsidiary from the Award Date through (and including) the Vesting Date.
Vesting and Restrictions. This grant is subject to both a Performance Restriction and a Time-Based Restriction, as described below (collectively, the “Period of Restriction”).
Vesting and Restrictions. These Restricted Shares are fully vested as of the Effective Date but are not tradable in the public markets until the first anniversary of the Effective Date.
Vesting and Restrictions. (a) Except as provided in Sections 2(b) and 2(c) below and otherwise provided pursuant to the acceleration provisions of the Plan, the RSU Award shall become vested as follows: 25% of the RSU Award will vest on each of the first, second, third and fourth anniversary of the Award Date (each, a “Vesting Date”) (which amount may be rounded to avoid fractional RSU Shares), provided the Holder remains continuously employed by, or providing services to, the Corporation or one of its Subsidiaries from the Award Date through (and including) each such respective Vesting Date.
Vesting and Restrictions. All of the Restricted Stock Units shall be 100% vested as of the Grant Date subject to the following restrictions:
Vesting and Restrictions. This grant is subject to a Time-Based Restriction, as described below (collectively, the “Period of Restriction”). Time-Based Restrictions Anniversary Date % of Restricted Stock [First (1st) anniversary of the Effective Date of Grant] [33.33 %] [Second (2nd) anniversary of the Effective Date of Grant] [33.33 %] [Third (3rd) anniversary of the Effective Date of Grant] [33.34 %] Vesting
Vesting and Restrictions. This Amendment serves to amend Section 2 of each of the Award Agreements by adding the following to the end thereof: “Notwithstanding anything in this Section 2 or the Agreement to the contrary, in the event of the Holder’s death, Disability, termination of employment by the Corporation without Cause or the Holder’s termination of employment on account of a resignation for Good Reason, all of the Holder’s unvested and outstanding RSUs shall immediately become vested.”
