Vesting Event. The Award Agreement shall provide that the Retention Bonus RSUs will vest and become nonforfeitable if the VWAP of Parent’s Class A Common Stock is above $15.00 for any twenty (20) out of thirty (30) consecutive Trading Days beginning on the date that is one hundred eighty (180) days after the Closing Date and ending on the date that is the fifth (5th) anniversary of the Closing Date (the “Vesting Event”). If the Vesting Event is not achieved on or before the fifth (5th) anniversary of the Closing Date, all Retention Bonus RSUs shall be immediately forfeited and the Award Agreement shall terminate.
Vesting Event. If not previously vested, each outstanding LINN Incentive Unit will vest in its entirety on the date of a Vesting Event. For purposes hereof, “Vesting Event” means the sale, in one or more series of related transactions (i) for cash of all or substantially all of the outstanding Capital Interests or assets of the Company to a Person, other than an Affiliate of Quantum, (x) at any time after, as of the time of such determination, the aggregate Capital Contributions of the Capital Member exceed 85% of the total Capital Commitment of the Capital Member or (y) in which any Unfunded Capital Commitments are reduced to zero and the Company does not anticipate raising any additional capital, or (ii) for Marketable Securities, or a combination of cash and Marketable Securities, if and only if the Company elects to terminate the MSA or if the MSA is automatically terminated pursuant to Section 10.2(a)(ii) of the MSA as a result of the Company’s election not to renew the MSA, in each case at or after such sale for Marketable Securities, of all or substantially all of the outstanding Capital Interests or assets of the Company to a Person other than an Affiliate of Quantum; provided, however, that a Vesting Event will occur upon the sale or other Transfer of such Marketable Securities for cash, regardless of whether the Company has elected to terminate the MSA or the MSA is automatically terminated pursuant to Section 10.2(a)(ii) of the MSA. For the avoidance of doubt, if the Company sells all or substantially all of the outstanding Capital Interests or assets of the Company for securities other than Marketable Securities, clause (i) or (ii) of the definition of Vesting Event, as applicable, would apply to the subsequent sale of such securities for Marketable Securities or cash, provided that the other requirements of clause (i) or (ii), as applicable, are satisfied.
Vesting Event. [First Anniversary of Grant Date] [Second Anniversary of Grant Date] [Third Anniversary of Grant Date] Option Shares Vested [One-Third] [One-Third] [One-Third] In any event this Option shall become fully vested and exercisable with respect to all of the Option Shares three years after the date hereof.
Vesting Event. The following Vesting Event has occurred on or around [●], 20__. ____________________________
Vesting Event. Provided Executive is still employed by the Company upon the occurrence of a dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or substantially all of the assets or capital stock of the Company, all of the Shares and Options shall vest immediately.
Vesting Event. 1. [Determined by Committee — these can be performance criteria or a combination of time-based restrictions and performance criteria.] [Option 2] The Option will vest with respect to the Shares specified below in accordance with the following schedule, subject to termination or forfeiture in accordance with the terms of the Plan, provided the Optionee is employed by the Company on the vesting dates specified below: Percentage of Original Cumulative Grant Vesting on Number of Shares Percentage of Original Vesting Date Vesting Date Vesting Grant Vested 25% 25% 25% 50% 25% 75% 25% 100% Notwithstanding the foregoing, to the extent the Option remains outstanding but is not fully vested as of a Change in Control of the Company on or after , 2011, the Option will fully vest upon the Change in Control and become immediately exercisable in full and will remain exercisable in accordance with its terms.
Vesting Event. The following Vesting Event has occurred on or around __________________, 20___: _____ Amazon or one of its Affiliates has executed an Aircraft Lease Agreement with the Corporation or one of its Affiliates for a Committed Aircraft in accordance with the terms of the A&R ATSA. _____ Amazon or one of its Affiliates has executed an extension of an Existing Lease for a Boeing 767-200 model Aircraft or Boeing 767-300 model Aircraft in accordance with the terms of the A&R ATSA. _____ A Committed Aircraft has commenced operations in accordance with the terms of the A&R ATSA.
Vesting Event. The following Vesting Event has occurred on or around __________________, 20___: _______ Amazon or one of its Affiliates has executed __________ Aircraft Lease Agreements with the Corporation or one of its Affiliates for an Additional Aircraft. _______ Amazon or one of its Affiliates has executed __________ Lease Upgrades with the Corporation or one of its Affiliates.
Vesting Event. Upon the occurrence of a Company Vesting Event, the SAR shall become immediately exercisable as to all Shares covered by such SAR, whether or not previously vested. In the event that a Participant’s Service terminates, the SAR shall be exercisable only to the extent the SAR was vested as of the date of such termination, unless otherwise specified in the Participant’s SAR Agreement.
Vesting Event. Upon the occurrence of a Company Vesting Event, the Restricted Stock shall become immediately vested, whether or not previously vested.
