Common use of Vesting during the Restriction Period Clause in Contracts

Vesting during the Restriction Period. Subject to the terms and conditions of this Agreement, the Restricted Stock Units shall vest and shall no longer be subject to any restriction in three substantially equal annual installments (each, an “Installment”), with each Installment to vest on the date immediately preceding the date of the relevant annual meeting of the Company’s stockholders (each such annual meeting, an “Annual Meeting”) as set forth below: Vesting Dates (with respect to Annual Meetings) Portion of Restricted Stock Units Vesting (Installments) Date immediately preceding date of [ ] Annual Meeting 1/3 Date immediately preceding date of [ ] Annual Meeting 1/3 provided, however that if an Annual Meeting has not occurred during the period commencing on January 1 and ending on June 30 of the calendar year in which such Annual Meeting is expected to occur, the Installment that would otherwise have vested on the date immediately preceding the date of such Annual Meeting shall instead vest on July 1 of such calendar year.

Appears in 1 contract

Samples: Agreement (Assurant Inc)

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Vesting during the Restriction Period. Subject to the terms and conditions of this Agreement, the Restricted Stock Units shall vest and shall no longer be subject to any restriction in three substantially equal annual installments (each, an “Installment”), with each Installment to vest on the date immediately preceding the date of the relevant annual meeting of the Company’s stockholders (each such annual meeting, an “Annual Meeting”) as set forth below: Vesting Dates (with respect to Annual Meetings) Portion of Restricted Stock Units Vesting (Installments) Date immediately preceding date of the [ ] Annual Meeting 1/3 Date immediately preceding date of the [ ] Annual Meeting 1/3 Date immediately preceding date of the [ ] Annual Meeting 1/3 provided, however that if an Annual Meeting has not occurred during the period commencing on January 1 and ending on June 30 of the calendar year in which such Annual Meeting is expected to occur, the Installment that would otherwise have vested on the date immediately preceding the date of such Annual Meeting shall instead vest on July 1 of such calendar year.

Appears in 1 contract

Samples: Agreement (Assurant Inc)

Vesting during the Restriction Period. Subject to the terms and conditions of this Agreement, the Restricted Stock Units shall vest and shall no longer be subject to any restriction in three substantially equal annual installments (each, an “Installment”), with each Installment to vest on the date immediately preceding the date of the relevant annual meeting of the Company’s stockholders (each such annual meeting, an “Annual Meeting”) as set forth below: Vesting Dates (with respect to Annual Meetings) Portion of Restricted Stock Units Vesting (Installments) Date immediately preceding date of [ ] Annual Meeting 1/3 Date immediately preceding date of [ ] Annual Meeting 1/3 provided, however that if an Annual Meeting has not occurred during the period commencing on January 1 and ending on June 30 31 of the calendar year in which such Annual Meeting is expected to occur, the Installment that would otherwise have vested on the date immediately preceding the date of such Annual Meeting shall instead vest on July 1 of such calendar year.

Appears in 1 contract

Samples: Award for Directors (Assurant Inc)

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Vesting during the Restriction Period. Subject to the terms and conditions of this Agreement, the Restricted Stock Units shall vest and shall no longer be subject to any restriction in three substantially equal annual installments (each, an “Installment”), with each Installment to vest on the date immediately preceding the date of the relevant annual meeting of the Company’s stockholders (each such annual meeting, an “Annual Meeting”) as set forth below: Vesting Dates (with respect to Annual Meetings) Portion Vesting of Restricted Stock Units Vesting (Installments) Date immediately preceding date of the [ ] Annual Meeting 1/3 Date immediately preceding date of the [ ] Annual Meeting 1/3 Date immediately preceding date of the [ ] Annual Meeting 1/3 provided, however that if an Annual Meeting has not occurred during the period commencing on January 1 and ending on June 30 of the calendar year in which such Annual Meeting is expected to occur, the Installment that would otherwise have vested on the date immediately preceding the date of such Annual Meeting shall instead vest on July 1 of such calendar year.

Appears in 1 contract

Samples: Agreement (Assurant Inc)

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