Common use of Vesting of the Shares Clause in Contracts

Vesting of the Shares. The Participant’s interest in the Restricted Stock Units shall vest and become non-forfeitable on the dates set forth above, each such date a “Vesting Date”, provided the Participant remains in continuous service with the Company or an Affiliate of the Company through the applicable Vesting Date. If the Participant’s service with the Company or an Affiliate is terminated prior to the applicable Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.

Appears in 2 contracts

Samples: Stock and Incentive Plan Restricted Stock Unit Agreement (Verano Holdings Corp.), Restricted Stock Unit Agreement (Verano Holdings Corp.)

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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, above (each such date a “Vesting Date”, provided ) if the Participant remains in continuous service with the Company or an Affiliate of from the Company Vesting Commencement Date through the each applicable Vesting Date. If 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 the applicable a Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (NI Holdings, Inc.), Restricted Stock Unit Agreement (NI Holdings, Inc.)

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, above (each such date a “Vesting Date”, provided ) if the Participant remains in the continuous service with employ of the Company or an Affiliate of from the Company Vesting Commencement Date through the each applicable Vesting Date. If Except as provided in paragraphs 2(b) through (e) below, if the Participant’s service employment with the Company or an Affiliate is terminated prior to the applicable a Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (NI Holdings, Inc.)

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Vesting of the Shares. A. The Participant’s interest in the Restricted Stock Units shall vest and become non-forfeitable on the dates vesting date(s) set forth above, above (each such date a “Vesting Date”, provided ) if the Participant remains in the continuous service with on the Company or an Affiliate Company’s Board of Directors (the Company “Board”) from the Vesting Commencement Date through the each applicable Vesting Date. If Except as provided in paragraphs 2(b) through (d) below, if the Participant’s service with on the Company or an Affiliate Board is terminated prior to the applicable a Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (NI Holdings, Inc.)

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