Vesting Requirements Sample Clauses

Vesting Requirements. The RSUs shall vest only if a Liquidity Event occurs prior to [8 years from start of Service Period]. If a Liquidity Event does not occur prior to [8 years from start of Service Period], Participant will forfeit the total number of RSUs subject to the Award. A Liquidity Event that occurs prior to [8 years from start of Service Period] shall be referred to as the “Initial Vesting Event.” The number of RSUs that vest upon or following an Initial Vesting Event shall be determined as follows: (i) The number of RSUs that vest on the Initial Vesting Event, whether or not Participant continues in Service through the Initial Vesting Event, shall be determined by multiplying (x) the total number of RSUs subject to this Award by (y) a fraction, the numerator of which is the number of months of actual Service completed by Participant in the Service Period (rounded down to the closest whole month), and the denominator of which is 48 months. (ii) If Participant continues in Service through the Initial Vesting Event, then with respect to RSUs that have not vested as of such Initial Vesting Date, vesting shall be determined as follows: (a) If the Initial Vesting Event is a Sale Event, then vesting of the unvested RSUs will be determined under Paragraph 4. (b) If the Initial Vesting Event is an IPO, vesting of any unvested RSUs shall continue in accordance with the Service Vesting Schedule, subject to Participant’s continued Service through each monthly vesting date during the Service Period, provided, however, that for the purposes of this Section 2(A)(ii)(b), the Initial Vesting Event shall not commence until the later of (x) six months following the IPO and (y) such period of time following the IPO that shares of capital stock underlying the relevant RSUs are no longer subject to any lock-up or market standoff agreement on the part of the Participant.

Vesting Requirements. The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

Vesting Requirements. The Shares subject to the Award shall initially be unvested and shall vest only in accordance with the vesting provisions of this Paragraph 3 or the special vesting acceleration provisions of Paragraph 5. The actual number of Shares in which Participant shall vest under this Paragraph 3 shall be determined as follows:

Vesting Requirements. B.1 An Award becomes vested only upon satisfaction of both the service-based vesting requirements and the performance-based vesting requirements set forth below.

Vesting Requirements. A Teacher shall be fully vested in the retirement benefits described in this Section if the retiring Teacher has satisfied the following requirements: The Teacher has at least fifteen (15) years of employment in the Corporation as a Teacher as defined in this Agreement, and is at least fifty-five (55) years of age as of December 31 during the calendar year in which they retire.

Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which the Performance Goal specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Vesting Requirements. The Shares subject to the Award shall initially be unvested and shall vest only in accordance with the vesting provisions of this Paragraph 3 or the special vesting acceleration provisions of Paragraph 5. The actual number of Shares in which Participant shall vest under this Paragraph 3 shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which the Performance Goals specified on Schedule I to the Award Notice are actually attained and (ii) then the number of the Performance Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Vesting Requirements. The Share Units shall become fully vested on the third anniversary of the date hereof (the “Vesting Date”), subject to the Participant’s continued employment with the Company or any of its subsidiaries through the Vesting Date.

Vesting Requirements. A teacher shall be fully vested in the retirement benefits described in this Section if the retiring teacher has satisfied the following requirements: