Deemed Service definition
Examples of Deemed Service in a sentence
Any Award Shares which would have vested and become nonforfeitable during the Deemed Service Period shall vest and become nonforfeitable immediately upon the termination of your Service as contemplated by this Section 2(e).
Deemed Service Any notice or written communication to be served by one party upon the other party pursuant to the terms of this Agreement shall be deemed to have been validly served if delivered in accordance with clause 7.1 JURISDICTION Governing law The construction, validity and performance of this Agreement will be governed by the laws of England and Wales Exclusive Jurisdiction The Parties agree to submit irrevocably to the exclusive jurisdiction of the English courts.
With respect to Prior Equity Awards that are restricted stock units and vest as a result of the Deemed Service, the Company’s common stock shall be delivered to you in respect of such Prior Equity Awards on or about April 1, 2011, although in no event shall such shares be delivered to you prior to the Effective Date of this Agreement (as defined in Section 15).
Deemed Service by Certificate of Posting Any notice sent by Certificate of Posting shall be deemed to be served at the time when in due course of posting it would be delivered at the address to which it is sent.
With the exception of the Deemed Service, all outstanding stock options and restricted stock units previously granted to you under the Plan or otherwise (the “Prior Equity Awards”) shall cease to vest as of the Resignation Date.