Examples of Normal Vesting Date in a sentence
If the scheduled Normal Vesting Date is a non-business day, the next following business day will be considered the Normal Vesting Date.
If the Committee is unable to meet in January of a given year, then the Normal Vesting Date for that year will be the date not later than March 31 of that year as selected by the Compensation Committee.
Notwithstanding the foregoing, any of these Units that do not vest as of the Normal Vesting Date shall be forfeited.
Any Performance Shares not awarded as shares of Common Stock on a Normal Vesting Date will expire and be forfeited; such Performance Shares may not be carried forward for any additional Performance Period.
On the Normal Vesting Date, the value of the Shares (using the average daily closing price over the 30 days preceding the Normal Vesting Date and assuming all dividends are reinvested) is compared with the value of each of the Peer Group Companies (using the same 30-day average methodology as of the Normal Vesting Date and again assuming that all dividends are reinvested).