Vested definition

Vested means that an Option has become exercisable in respect of a number of Option Shares by the Optionee pursuant to the terms of the Option Agreement.

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Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

Vested means being an active member of the system in each of five calendar years.

Examples of Vested in a sentence

• Notwithstanding the foregoing, the Company may, in its sole discretion, withhold any such taxes from any other cash remuneration otherwise paid by the Company to the Participant or withhold the number of Shares to be delivered upon the settlement of the Vested DSUs with an aggregate Fair Market Value that equals the required tax withholding obligations of the Company.

• Upon termination of the Participant’s service with the Company or any Affiliate for cause (as defined in any employment or similar service agreement between the Participant and the Company or an Affiliate, or in the absence of any such definition or agreement, then as determined in the Committee’s discretion), the Participant shall be deemed to have forfeited all of the Participant’s Awarded Units (including forfeiture of all Vested RSUs).

• The Company may, in its sole discretion and prior to the date of settlement, require the Participant receiving payment in respect of Vested RSUs pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income arising with respect to this Award.

• The Company may, in its sole discretion and prior to the date of settlement, require the Participant receiving payment in respect of Vested DSUs to pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income arising with respect to this Award.

• If the Participant dies prior to the date his Vested RSUs are settled, as described in Section 3 above, payment in respect of such Vested RSUs may be received by any individual who is entitled to receive the property of the Participant pursuant to the applicable laws of descent and distribution.

More Definitions of Vested

Vested means, with respect to an Award, the portion of the Award that is not subject to a condition that the Grantee remain actively employed by the Firm in order for the Award to remain Outstanding. The fact that an Award becomes Vested shall not mean or otherwise indicate that the Grantee has an unconditional or nonforfeitable right to such Award, and such Award shall remain subject to such terms, conditions and forfeiture provisions as may be provided for in the Plan or in the Award Agreement.

Vested means that a member has been credited with at least 5 full years of membership

Vested means that portion of the Award to which the Employee has a nonforfeitable right.

Vested means that a member is eligible to receive a future

Vested means, with respect to any Option, SAR, Share Unit, share of Restricted Stock, DSU or other award included in a Grant, that the applicable conditions with respect to Time Vesting, achievement of Performance Conditions, Restrictions (as defined in Section 17) and/or any other conditions established by the Board have been satisfied or, to the extent permitted under the Plan, waived, whether or not the Participant’s rights with respect to such Grant may be conditioned upon prior or subsequent compliance with any restrictive covenants (and any applicable derivative term shall be construed accordingly).

Vested means a portion of the Option granted to the Participant which is available to be exercised by such Participant at any time and from time to time;

Vested means that an option has become exercisable in respect of options held by an optionee.