Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of __________________________________, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates (the period from the Date of Grant until _______ __, 20__, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Horizon Global Corp), Restricted Stock Units Agreement (Horizon Global Corp)

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Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first __________________________________, conditioned upon _ anniversaries of the Grantee’s Date of Grant if the Grantee remains in the continuous employment with of the Company or a Subsidiary through until each such dates date (the period from the Date of Grant until _______ __, 20__the last such anniversary of the Date of Grant, the “Vesting Period”). Any Subject to the terms of the Plan, any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, including if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Ceco Environmental Corp), Restricted Stock Units Agreement (Ceco Environmental Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the ___________________________________ anniversary of the Date of Grant, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates date (the period from the Date of Grant until the___________ __, 20__anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each the second anniversary of __________________________________the Date of Grant, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates date (the period from the Date of Grant until _______ __, 20__the second anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable vested and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of __________________________________the first three anniversaries of October 17, conditioned upon 2018 if the Grantee’s Grantee remains in the continuous employment with of the Company or a Subsidiary through until each such dates date (each such date a “Vesting Date” and the period from the Date of Grant until _______ __October 17, 20__2021, the “Vesting Period”). Any Subject to the terms of the Plan, any RSUs that do not so become nonforfeitable vested will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (NRC Group Holdings Corp.)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of _____________, _______________ and _______, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates (the period from the Date of Grant until _______ __, 20__, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

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Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of __________________________________July 1, 2018, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates date (the period from the Date of Grant until _______ __July 1, 20__2018, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of __________________________________, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates date (the period from the Date of Grant until _______ __, 20___, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the ___________________________________ anniversary of the Date of Grant, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through such dates date (the period from the Date of Grant until the _________ __, 20__anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so become nonforfeitable will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

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