Examples of Subsequent Vesting Date in a sentence
The remaining 75% of the Shares shall vest in equal 25% increments on each anniversary of the Initial Vesting Date (each, a “Subsequent Vesting Date”) as long as the Participant is employed by the Company on each such Subsequent Vesting Date.
To allow accurate drive-time calculation, the calculation was based on existing speed limits and possibly boat connections.
If no Subsequent Vesting Date is established, then further benefits under the Deferred Compensation PRP shall be calculated each Plan Year, and the first day of each Plan Year shall be treated for Section 4 as a new Subsequent Vesting Date.
The occurrence of the Initial Vesting Event prior to the Expiration Date is intended to be a “substantial risk of forfeiture,” within the meaning of Section 409A, and the settlements related to the Initial Vesting Date and any Subsequent Vesting Date are each intended to be an exempt “short-term deferral,” within the meaning of Section 409A and the Company intends that its initial tax position on its tax return will be consistent with this intent absent a change in legal guidance or other circumstance.
In the event of the death of a Participant who has attained an Initial Vesting Date or Subsequent Vesting Date and has received a PRP benefit, the death benefit payable by the Deferred Compensation PRP is calculated using the same methodology as used by the RS Plan to determine the amount of a death benefit payable from the RS Plan.
The Performance Condition will initially, in respect of the Initial Vesting Date, be measured over a period of four (4) calendar quarters, starting with the calendar quarter ongoing at the date of grant, after which the measurement period will gradually be increased by one (1) calendar quarter at each Subsequent Vesting Date.
If Holder is employed by the Company on the Initial Vesting Date (as defined in the Agreement) or any Subsequent Vesting Date (as defined in the Agreement), the Escrow Agent shall deliver to the Holder one of the four stock certificates representing the Shares on the Initial Vesting Date or the Subsequent Vesting Date, as applicable.
Unless all Councillors are present and unanimously agree to deal with another matter, only the business specified in the notice is to be transacted.
SCH currently operates five health centers in central and southwest Fresno County.
It can be seen from the retaining wall displacement curve that compared with other cases, this case has a cantilever wall displacement, which might be the reason for the triangular pattern of ground settlement of this case, different from the grooved settlement of other cases.