Common use of Vesting if Business Relationship Continues Clause in Contracts

Vesting if Business Relationship Continues. All of the shares of Restricted Stock initially shall be unvested shares. For so long as the Participant maintains continuous service to the Company or its subsidiaries or affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth below, the Restricted Stock shall become vested according to the schedule set forth below, subject to Section 3 hereof: Vesting Date Number of Vested Shares One year from the Vesting Start Date (the “Anniversary Date”) 25% of the Restricted Stock On the last day of each subsequent three-month period following the Anniversary Date 6.25% of the Restricted Stock Until the Restricted Stock vests, as provided in this Section and in Section 3, the Participant may not sell, assign, transfer, pledge, or otherwise dispose of the Restricted Stock.

Vesting if Business Relationship Continues. All of the shares of Restricted Stock initially shall be unvested shares. For The Restricted Stock shall become vested according to the schedule set forth below, subject to Section 3 hereof, for so long as the Participant maintains continuous service to the Company or its subsidiaries or affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth belowbelow (or if such date is not a trading day for the New York Stock Exchange, or such other stock exchange on which the Restricted Stock shall become vested according to Company’s shares are then listed, on the schedule set forth below, subject to Section 3 hereof: Vesting Date Number first trading day following such date): On each anniversary of Vested Shares One year from the Vesting Start Date (the “Anniversary Date”) 25% , one-third of the Restricted Stock On the last day of each subsequent three-month period following the Anniversary Date 6.25% of the Restricted Stock granted shall vest. Until the Restricted Stock vests, as provided in this Section and in Section 3, the Participant may not sell, assign, transfer, pledge, or otherwise dispose of the Restricted Stock.