Common use of Vesting Rules Clause in Contracts

Vesting Rules. Notwithstanding the requirements of the Vesting Schedule and Paragraph D above, the Employees shall become 100% vested in the Restricted Shares if the Employee provides continuous services to the Company and/or any Affiliate following the Grant Date through the date of any of the earlier events listed below: (a) in the event of the Employee’s involuntary Termination of Employment without Cause; or (b) in the event of the Employee’s Termination of Employment due to a resignation for Good Reason. The Restricted Shares which have satisfied (or are deemed to have satisfied) the conditions of the Vesting Schedule are herein referred to as the “Vested Shares.” Any portion of the Restricted Shares which have not become Vested Shares in accordance with this Paragraph E. before or at the time of Employee’s Termination of Employment shall be forfeited. There will be no proration of the Vesting Schedule for partial years of service.

Vesting Rules. Notwithstanding the requirements of the Vesting Schedule and Paragraph D D. above, the Employees shall become 100% vested in the Restricted Shares if the Employee provides continuous services to the Company and/or any Affiliate following the Grant Date through the date of any of the earlier events listed below: (a) in the event of the Employee’s involuntary Termination of Employment without Cause; or (b) in the event of the Employee’s Termination of Employment due to a resignation for Good Reason. The Restricted Shares which have satisfied (or are deemed to have satisfied) the conditions of the Vesting Schedule are herein referred to as the “Vested Shares.” Any portion of the Restricted Shares which have not become Vested Shares in accordance with this Paragraph E. before or at the time of Employee’s Termination of Employment shall be forfeited. There will be no proration of the Vesting Schedule for partial years of service.