Time-Based RSA definition
Examples of Time-Based RSA in a sentence
The applicable award agreements give the Company the right to impose additional requirements on Executive with respect to the Awards and shares issuable thereunder (specifically in Section 27 of the Time-Based RSA agreement and in substantially identical paragraphs in the other award agreements).
The Company shall repurchase all of Employee’s Time-Based RSA that remain unvested immediately following the Accelerated Vesting and the Company shall repurchase all of Employee’s Performance-Based RSA.
Immediately following the Accelerated Vesting specified in Section 2(c) above, Employee shall cease vesting of the Time-Based RSA.
Subject to this Agreement becoming effective on the Effective Date, effective as of the Termination Date, Employee will receive six (6) months of Accelerated Vesting, which shall mean the immediate vesting of a number of shares of the Time-Based RSA that would have vested had the Employee continued to be employed by the Company for an additional six (6) month period beyond the Termination Date.