Common use of Vesting upon Leave of Absence Clause in Contracts

Vesting upon Leave of Absence. In the event that the Grantee takes an authorized leave of absence (“LOA”), the Restricted Stock Units awarded by this Agreement that are eligible to be earned shall either: (i) not be affected, or (ii) shall be deferred for a period of time equal to the duration of such LOA, based on the Company’s LOA policy in effect at such time as determined by the Company in its sole discretion.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Brocade Communications Systems Inc), Restricted Stock Unit Agreement (Brocade Communications Systems Inc), Restricted Stock Unit Agreement (Brocade Communications Systems Inc)

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Vesting upon Leave of Absence. In the event that the Grantee takes an authorized leave of absence (“LOA”), the Restricted Stock Units awarded by this Agreement that are eligible to be earned shall either: (i) not be affected, or (ii) shall be deferred for a period of time equal to the duration of such LOA, based on the Company’s LOA policy in effect at such time as determined by the Company in its sole discretion.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Brocade Communications Systems Inc)

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