Vesting of the Shares. (a) Twenty-five percent (25%) of the Shares automatically shall vest in Grantee on each of the first four (4) anniversaries of the Award Date (each such anniversary being referred to herein as a “Vesting Date”); provided, however, that no Shares shall vest in Grantee on a particular Vesting Date unless Grantee has been continuously employed by the Company from the Award Date until such Vesting Date. For purposes of this Agreement, in the context of employment of Grantee, the term “Company” shall include a Subsidiary (as defined in the Plan) if Grantee is then employed by a Subsidiary; provided, however, that neither a transfer of Grantee from the employ of the Company to the employ of a Subsidiary nor the transfer of Grantee from the employ of a Subsidiary to the employ of the Company or another Subsidiary shall be deemed to be a Termination of Employment of Grantee.
Vesting of the Shares. (a) One-third of the Shares covered by this agreement, shall become nonforfeitable on the third, fourth and fifth anniversaries of the Date of Grant (so that 100% of the Shares will be nonforfeitable on the fifth anniversary of the Date of Grant), subject to the Employee remaining in the continuous employ of the Company or a subsidiary during the applicable vesting period. For the purposes of this agreement: "
Vesting of the Shares. (a) The Participant’s interest in the Restricted Stock Units shall vest and become non-forfeitable on each of the vesting dates set forth above (each a “Vesting Date”) if the Participant remains in continuous service with the Company or an Affiliate from the Vesting Commencement Date through each applicable Vesting Date. Except as provided in paragraphs 2(b) through (e) below, if the Participant’s service with the Company or an Affiliate is terminated prior to a Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.
Vesting of the Shares. Subject to earlier expiration or termination as provided herein, the Shares will become vested and nonforfeitable as follows:
Vesting of the Shares. (a) The Shares covered by this agreement, irrespective of the date originally issued to the Trustee for Employee's benefit, shall become nonforfeitable as follows:
Vesting of the Shares. (a) The Shares automatically shall vest in Grantee on the first anniversary of the Award Date (such anniversary being referred to herein as the “Vesting Date”); provided, however, that no Shares shall vest in Grantee on the Vesting Date unless Grantee has been continuously employed by the Company from the Award Date until the Vesting Date. For purposes of this Agreement, in the context of employment of Grantee, the term “Company” shall include a Subsidiary (as defined in the Plan) if Grantee is then employed by a Subsidiary; provided, however, that neither a transfer of Grantee from the employ of the Company to the employ of a Subsidiary nor the transfer of Grantee from the employ of a Subsidiary to the employ of the Company or another Subsidiary shall be deemed to be a Termination of Employment of Grantee.
Vesting of the Shares. On each of September 30, 1999 and the last day of each of the seven calendar quarters thereafter and provided that Purchaser has not then terminated his continuous employment with the Company, 12,500 Shares shall vest and no longer be subject to the Lapsing Repurchase Right; provided, however, that in the event that at any time before the Shares are fully vested the Company terminates Purchaser's employment for any reason other than "for cause" (as defined in Section 6.1(d)) or Purchaser terminates his employment for "good reason" (as defined in Section 6.1(e)), all of the unvested Shares shall on the date of termination of Purchaser's employment with the Company vest and no longer be subject to the Lapsing Repurchase Right.
Vesting of the Shares. (a) 10% of the Shares shall become vested as of the last day of each fiscal year of the Company (the "Fiscal Year End Date") from fiscal 1998 through fiscal 2002 and 16.66% of the Shares shall become vested as of the Fiscal Year End Date of each of fiscal 2003, 2004 and 2005, subject to the earlier vesting of ETA Stock as described below. All Shares (in excess of the Shares scheduled to vest in any such year) which vests as ETA Stock under Section 2(b) will reduce in inverse order the Shares scheduled to vest, beginning with the Fiscal Year End Date in fiscal 2005.
Vesting of the Shares. The Shares vest as follows: 25,000 of the Shares shall vest on September 30, 2000 and the remaining 75,000 shares shall vest in 12 equal quarterly installments, with the first installment vesting on December 31, 2000 and one additional installment vesting on the last day of each of the 11 calendar quarters thereafter, provided that on each vesting date Purchaser has not then terminated his continuous employment with the Company; provided, however, that in the event that at any time before the Shares are fully vested either the Company terminates Purchaser's employment for any reason other than "for cause" (as defined in Section 6.1(d)) or Purchaser terminates his employment for "good reason" (as defined in Section 6.1(e)), all of the unvested Shares shall on the date of termination of Purchaser's employment with the Company vest and no longer be subject to the Lapsing Repurchase Right.
Vesting of the Shares. (a) The Participant’s interest in one-third of the Shares shall vest and become nonforfeitable on each of the first anniversary of the Date of Grant and the second and third anniversaries of the Vesting Commencement Date (each a “Vesting Date”) if the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant through each applicable Vesting Date. Except as provided in paragraphs 2(b) or (c), if the Participant’s employment with the Company or an Affiliate is terminated prior to a Vesting Date, any Shares that remain unvested as of the date of such termination shall be forfeited.
