Vesting of Award Units Sample Clauses

Vesting of Award Units. Subject to Sections 2.4 and 2.5 of this Agreement, restrictions on the Award Units will lapse and the Award Units will vest in the percentages and on the dates specified in the following vesting schedule, provided the Grantee remains in the continuous employ or service of the Company or any Subsidiary from the Date of Grant to the applicable vesting date: Vesting Date Portion of Award Shares Vested *[ ] anniversary of the Date of Grant *[ ]% of Award Units (excluding any fractional portion less than one unit) *[ ] anniversary of the Date of Grant *[ ]% of Award Units (excluding any fractional portion less than one unit) *[ ] anniversary of the Date of Grant Remaining Award Units The period from the Date of Grant to the final Vesting Date specified in the preceding schedule is referred to in this Agreement as the “Restriction Period.”
Sample 1
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Vesting of Award Units. 2.1 Subject to adjustment as set forth in Section 2.2 below, the Award Units will become nonforfeitable (“Vested”) on December 31, (the “Vesting Date”), provided that (a) the Committee has certified that the Company has achieved a level of average annual Return on Invested Capital (as defined below) of at least percent for the three (3) year period from January 1, to December 31, (the “Performance Period”), and (b) the Grantee remains in continuous employ or service with the Company or any Subsidiary until the Vesting Date.
Sample 1
Vesting of Award Units. Reference is hereby made to that certain Executive Lease Agreement, dated as of the date hereof, by and among Channel Intelligence, Inc., the Company’s affiliate (“CI”), the Company, Internet Capital Group Operations, Inc., ICG Group, Inc. and the Participant (as such agreement may be amended from time to time, the “Lease Agreement”). Thirty-three and thirty-three one hundredths percent (33.33%) of the Award Units shall vest on March 1, 2013, provided that the Participant continuously provides the Services (as defined in the Lease Agreement) to CI from the Award Date through March 1, 2013 pursuant to the Lease Agreement. Eight and thirty-three one hundredths percent (8.33%) of the Awards Units shall vest on each of June 1, 2013, September 1, 2013, December 1, 2013 and March 1, 2014 to the extent that the Participant continuously provides the Services to CI pursuant to the Lease Agreement from the Award Date through the applicable vesting date. Eight and thirty-three one hundredths percent (8.33%) of the Awards Units shall vest on each of June 1, 2014, September 1, 2014, December 1, 2014 and March 1, 2015 to the extent that (a) the Participant continuously provides the Services to CI pursuant to the Lease Agreement from the Award Date through March 31, 2014 and (b) the Participant continuously provides the Services to CI pursuant to the Lease Agreement and/or serves on the Board of Directors of CI, in each case, from April 1, 2014 through the applicable vesting date. If the above calculation of vested Award Units would result in a fraction, any fraction will be rounded to zero. The Award Units which have become vested pursuant to the vesting schedule set forth in this Section 1.3 are herein referred to as the “Vested Award Units” and all Award Units which are not Vested Award Units are herein referred to as the “Unvested Award Units.”
Sample 1
Vesting of Award Units. 2.1 Subject to Article 5 below, some or all of the Award Units will vest and become non-forfeitable (“Vested”) on December 31, 20 (the “Vesting Date”), provided that (a) the Committee has certified that the Company has achieved a level of average annual Return on Invested Capital (as defined below) of at least percent for the three (3) year period from January 1, 20 to December 31, 20 (the “Performance Period”), and (b) the Grantee remains in the continuous employ of or service with the Company or any Subsidiary until the Vesting Date. The number of Award Units that will Vest on the Vesting Date will be determined in accordance with Section 2.2 below.
Sample 1
Vesting of Award Units 
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Related to Vesting of Award Units

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of RSUs (a) Subject to Participant’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold Performance Goals for payout set forth in Exhibit A hereto, and (b) the Grantee's Continuous Service from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded to the nearest whole PSU.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents:

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

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