Vesting Plan Sample Clauses

Vesting Plan. A Vesting Plan shall be prepared which describes the procedures, timing, infrastructure, property, documentation and method by which vesting shall occur. This Plan shall conform with TIDC’s requirements for vesting and to TIDC’s Project Commissioning and Operational Readiness Strategy. Schedule 9 – Project Brief South West Rail Link Glenfield Junction Alliance Project Brief Table of Contents 1 Introduction 190 2 The Project 190 3 Planning Approval 193 4 General Requirements 195 5 Operational Requirements 196 6 Maintenance 196 7 Safety Management 196 8 Operational Readiness 196 9 Other information 197 1 Introduction The South West Rail Link (SWRL) forms part of the response of the NSW Government to issues of reliability and passenger growth on the metropolitan rail network. In December 2004, the NSW Government announced that a new rail line, the SWRL would be constructed between Glenfield and Leppington to support the population growth and provide public transport for the planned development of the South West Growth Centre. The NSW Government’s Rail Clearways Program to improve capacity and reliability on CityRail’s suburban network would facilitate the operation of this new line. The SWRL is planned to be delivered in two stages with the first stage to be commissioned and handed over in January 2013. On 31 October 2008, the NSW Minister for Transport announced that the SWRL would be delivered in stages to match population growth in Sydney’s South West region. The announcement included a direction to proceed with Stage 1 - Glenfield Transport Interchange to be commissioned and handed over to RailCorp in 2013. Xxxxx 0 - XXXX Xxxxxxxx from Glenfield South to Leppington would be constructed in a time consistent with land releases and population growth in the region.
Sample 1
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Vesting Plan. Article 8) A.
Sample 1

Related to Vesting Plan

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • 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.

  • Vesting of RSUs (a) Subject to Participant’s continued employment with or service to a Participating Company on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold Performance Goals for payout set forth in Exhibit A hereto, and (b) the Grantee's Continuous Service from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded to the nearest whole PSU.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

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