Vesting Periods Sample Clauses

Vesting Periods. Subject to continued employment through the applicable vesting date, the RSUs shall vest as follows: • 33% on __________________ [Date]; • 33% on __________________ [Date]; and • Remainder on: ____________ [Date].
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Vesting Periods. The shares of Restricted Stock subject to this Agreement shall vest in 25% increments upon Participant’s continued service as a Director twelve months, twenty-four months, thirty-six months and forty-eight months after the Grant Date, and shall be fully vested upon the Director’s death or having reached such mandatory retirement age as may have been established for Directors. The number of shares vesting as of the first increment shall be adjusted to the extent necessary to assure that no fractional shares vest at the expiration of any period.
Sample 1
Vesting Periods. The Units shall vest, except as hereinafter provided, as follows: __% of the Units on [date]; An additional __% of the Units on [date]; and An additional __% of the Units on [date].
Sample 1
Vesting Periods. The Equity Units shall vest over the three (3) year period beginning on the date of commencement of service as a member of the Board (the “Commencement Date”), and ending on the third anniversary of the Commencement Date (such three-year period, the “Equity Vesting Period”). Equity Units under this award shall vest ratably on a daily basis during the Equity Vesting Period provided the Director continues to serve as a member of the Board, regardless of whether the Director subsequently becomes an employee of the Company. The Retainer Units shall vest over the one (1) year period (or portion thereof) beginning on the Commencement Date and ending on the first anniversary of the Commencement Date (such period, the “Retainer Vesting Period”). Retainer Units under this award shall vest ratably on a daily basis during the Retainer Vesting Period provided the Director continues to serve as a member of the Board, regardless of whether the Director subsequently becomes an employee of the Company.
Sample 1
Vesting Periods. The period from the Grant Date to each vesting date will be a separate “vesting period.” Bonus Recoupment In consideration of the grant of this award, you agree that you are subject to the JPMorgan Chase Bonus Recoupment Policy as in effect from time to time as it applies both to the cash incentive compensation awarded to you for 2011 and to this award. You can access this policy through the following link: xxxx://xxx.xxxxxxxxxxxxx.xxx/corporate/About-JPMC/corporate-governance-principles.htm#recoupment Recapture Provisions (Detrimental Conduct, Risk-Related and Other Recapture Provisions) Notwithstanding any terms of this Award Agreement to the contrary, JPMorgan Chase reserves the right in its sole discretion to cancel your outstanding restricted stock units under this award and/or to recover from you an amount equal to the Fair Market Value (determined as of the vesting date) of the net number of shares distributed to you under this award: • If you engaged in conduct detrimental to the Firm insofar as it causes material financial or reputational harm to the Firm or its business activities, or • If this award was based on materially inaccurate performance metrics, whether or not you were responsible for the inaccuracy, or • If this award was based on a material misrepresentation by you, or • If you improperly or with gross negligence failed to identify, raise or assess, in a timely manner and as reasonably expected, risks and/or concerns with respect to risks material to the Firm or its business activities, or • If your employment was terminated for Cause (see “Definitions” below) or the Firm determines after the termination of your employment that your employment could have been terminated for Cause. See “Remedies” below for additional information. The Firm’s right to cancel and/or recover value of this award (or any cash bonus) under the JPMorgan Chase Bonus Recoupment Policy and the other provisions of this award relate to the organizational goals of the Firm as that as defined regulations issued under Section 409A of the Internal Revenue Code (“Code”).
Sample 1
Vesting Periods. The Option shall vest at a rate of 25% per year commencing on the first anniversary of the date of the grant (described above) and 25% on each subsequent date until 100% vested. Employee must be employeed on the date vesting is to occur or any outstanding and unvested portion of the Option shall be forfeited.
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Vesting Periods. The share rights granted in September 2012 will be eligible for vesting 50% in 2014 and 50% in 2015. Share rights granted in 2013 and subsequent years will be eligible for vesting after three years subject to the vesting conditions with a single retest 12 months later.
Sample 1
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Vesting Periods. Subject to continued employment through the applicable vesting date, the RSUs shall vest as follows: • 16.6% (rounded up to the nearest whole share) on the later of (i) July 21, 2012 and (ii) the earlier of the tenth day following the date of (A) the Distribution and (B) the final determination by the board of directors of Sunoco, Inc. to abandon the Distribution. • 16.7% (rounded up to the nearest whole share) on July 21, 2013 • 16.7% (rounded up to the nearest whole share) on July 21, 2014 • Remainder on July 21, 2015
Sample 1

Related to Vesting Periods

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Retention periods Documentation which serves as evidence of orderly and proper data processing must be retained by ATOSS in accordance with the applicable statutory retention periods beyond the end of the contract. To relieve itself of this obligation, ATOSS may turn said documentation over to the Customer at the end of the contract.

  • Waiting Periods All applicable waiting periods, if any, under the HSR Act shall have expired or been terminated.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Limitation Periods To the extent that any limitation period applies to any claim for payment of the Obligations or remedy for enforcement of the Obligations, the Obligor agrees that:

  • Vesting Schedule Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • Meal Periods (a) Meal periods shall be scheduled as closely as possible to the middle of the workday. The length of the meal period shall be not less than thirty (30) minutes and not more than sixty (60) minutes.

  • Vesting Any Class A preferred shares issuable hereunder shall be subject to cliff vesting on December 31, 2025 (the “Initial Vesting Date”), and in the event vesting occurs on the Initial Vesting Date, a new cliff vesting period shall apply to all Class A shares issuable to Masterworks from and after such Initial Vesting Date until the three-year anniversary of such Initial Vesting Date and all of such Class A preferred shares will vest on such three-year anniversary of the Initial Vesting Date and such process will be repeated in successive three-year periods (each such vesting date, together with the Initial Vesting Date, a “Vesting Date”). Any vesting period may be extended for a five-year period or shortened in accordance with this Section 6, provided, that any applicable Vesting Date shall be accelerated upon an Approved Sale to the date any such Approved Sale is consummated, except in the case that such sale is not approved by the Special Committee. At any time prior to the 12-month anniversary of the applicable Vesting Date, the Parties can mutually agree in writing to extend the Vesting Date for one or more additional five-year periods, or agree at any time to accelerate the Vesting Date to an earlier date, provided that any agreement to accelerate the Vesting Date to an earlier date (other than in connection with a sale of the Artwork) shall be ineffective unless and until the Company obtains the consent of holders of a majority of the Class A shares eligible to vote on such matter. Any Class A shares beneficially owned by the Administrator and its affiliates shall not be eligible to vote on such matter. The unvested Class A preferred shares issued or issuable hereunder shall be forfeited if this Agreement is terminated prior to the applicable Vesting Date or if the Special Committee does not approve a sale of the Artwork. The Administrator may also, in its sole discretion, reduce unearned management fees or voluntarily forfeit any unvested management fees, in whole or in part. Any Class A preferred shares that are forfeited shall no longer be deemed to be outstanding and shall have no rights to distributions. All of the Class A preferred shares issued pursuant to this Agreement prior to the Effective Date shall be fully vested upon issuance and shall not be subject to the vesting provisions set forth in this Section 6. The holders of the Company’s Class A shares may remove and replace the Administrator with another person or entity by the affirmative vote of two-thirds (2/3) of the Class A shares eligible to vote, such removal to take effect on the date any such successor administrator has been appointed (the “Removal Effective Date”).

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