Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. If the Executive remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) specified in the grant notice ("RSU Vesting Date"), the RSUs shall become vested on such date and the Executive shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the Plan or this Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.04.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (W.W. Grainger, Inc.), Restricted Stock Unit Agreement (Grainger W W Inc), Restricted Stock Unit Agreement (W.W. Grainger, Inc.)

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Vesting of RSUs. If the Executive remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) date specified in the grant notice ("the β€œRSU Vesting Date"”), the RSUs shall become fully vested on such date and the Executive shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the Plan or this Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.04.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Grainger W W Inc)

Vesting of RSUs. If the Executive remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) date specified in the grant notice (the "RSU Vesting Date"), the RSUs shall become fully vested on such date and the Executive shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the Plan or this Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.04.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Grainger W W Inc)

Vesting of RSUs. If the Executive Participant remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) specified in the grant notice ("RSU Vesting Date"), the RSUs shall become vested on such date and the Executive Participant shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the 2022 Plan or this Award Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive Participant shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.042.05.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (W.W. Grainger, Inc.)

Vesting of RSUs. If the Executive Participant remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) specified in the grant notice ("RSU Vesting Date"), the RSUs shall become vested on each such date and the Executive Participant shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the an applicable RSU Vesting Date unless otherwise provided or permitted by the Plan or this Award Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive Participant shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.042.05.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (W.W. Grainger, Inc.)

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Vesting of RSUs. If the Executive Participant remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) specified in the grant notice ("RSU Vesting Date"), the RSUs shall become vested on such date and the Executive Participant shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the 2022 Plan or this Award Agreement, and any RSUs that do not vest RSU22 shall be forfeited in full and the Executive Participant shall have no further rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.04.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (W.W. Grainger, Inc.)

Vesting of RSUs. If the Executive remains continuously employed by the Employer (or any other Subsidiary or Affiliate) until the vesting date(s) date specified in the grant notice (the "RSU Vesting Date"), the RSUs shall become fully vested on such date and the Executive shall be entitled to receive the underlying Shares as provided herein. The RSUs shall not vest before the RSU Vesting Date unless otherwise provided or permitted by the Plan or this Agreement, and any RSUs that do not vest shall be forfeited in full and the Executive shall have no further future rights with respect to such RSUs. Each RSU that becomes vested as provided herein shall be settled in accordance with Section 2.04.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Grainger W W Inc)

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