Common use of Vesting, etc Clause in Contracts

Vesting, etc. The Award shall vest in full on the earlier of (a) the first anniversary of the Grant Date, subject to the Grantee’s continued service as a member of the Board through such date, or (b) the termination of the Grantee’s service as a member of the Board as a result of his or her death. Except as provided in subsection (b), if the Grantee’s service as a member of the Board ceases for any reason, the Award, to the extent not already vested will be automatically and immediately forfeited.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Trinseo S.A.), Restricted Stock Unit Agreement (Trinseo S.A.)

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Vesting, etc. The Award shall vest in full on the earlier of (a) the first anniversary of the Grant Date, subject to the Grantee’s continued service as a member of the Board through such date, or (b) the termination of the Grantee’s service as a member of the Board as a result of his or her death. Except as provided in subsection (b), if the Grantee’s service as a member of the Board ceases for any reason, the Award, to the extent not already vested vested, will be automatically and immediately forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Planet Fitness, Inc.)

Vesting, etc. The Award shall vest in full on the earlier of (a) the first anniversary of the Grant grant date or the next annual meeting of shareholders (“Vesting Date”), subject to the Grantee’s continued service as a member of the Board through such date, or (b) the termination of the Grantee’s service as a member of the Board as a result of his or her death. Except as provided in subsection (b), if If the Grantee’s service as a member of the Board ceases for any reasonreason prior to the Vesting Date, the Award, to the extent not already vested will be automatically and immediately forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Planet Fitness, Inc.)

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Vesting, etc. The Award shall vest in full on the earlier of (a) the first anniversary of the Grant Date, subject to the Grantee’s continued service as a member of the Board through such date, or (b) the termination of the Grantee’s service as a member of the Board as a result of his or her death. Except as provided in subsection (b), if the Grantee’s service as a member of the Board ceases for any reason, the Award, to the extent not already vested will be automatically and immediately forfeited.. ​

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Trinseo PLC)

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