Vesting definition

Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

Vesting in relation to an Option, means an Option becoming exercisable and in relation to a Conditional Award, means a Participant becoming entitled to have the Shares transferred to him subject to the Plan, and the term “Vested” shall be construed accordingly.

Vesting or “Vested”) in accordance with Section 5 of this Agreement.

Examples of Vesting in a sentence

• B3.3 Vesting of Restricted Stock is conditional upon your continued employment as of each vesting date, and the terms and conditions set forth in the associated Award agreement.

• Subject to the terms and conditions of this Warrant, Holder may exercise this Warrant in whole or in part with respect to any Warrant Shares which have vested during the Vesting Period, at any time or from time to time, on any Business Day during the Exercise Period.

• Subject to clause 7.4, the Board may, either at its discretion or as it may have prescribed in the Rules, on or after the occurrence of a Qualifying Event, vary the Vesting Date or waive or vary any Performance Conditions or Performance Period or a combination thereof to allow the vesting and conversion, expiry or lapse, of Rights.

• Pursuant to paragraph 26(c) of the Transaction Approval and Vesting Order, the Court authorized and directed the Monitor to pay, on a pro rata basis, an aggregate amount not to exceed $4,000,000 to the Tobacco Tax Authorities for Incremental Post-Filing Tobacco Tax Exposure (as defined in paragraph 26(c) of the Transaction Approval and Vesting Order).

• Except as may be provided otherwise in the Vesting Schedule in Exhibit A to Participant’s Grant Notice, the Participant’s RSUs shall terminate to the extent such units have not become vested prior to the first date the Participant is no longer employed by or in service to the Company or one of its Affiliates, regardless of the reason for the termination of the Participant’s employment or service with the Company or an Affiliate, whether with or without cause, voluntarily or involuntarily.

More Definitions of Vesting

Vesting means the process by which the Grantee becomes entitled to receive the benefit of a grant made to him under the Scheme.

Vesting means earning by the Option Grantee, of the right to Exercise the Options granted to him in pursuance of the Plan.

Vesting or “Vested”) in accordance with Section 3 and Section 4 of this Agreement.

Vesting means the process by which the employee is given the right to apply for shares of the company against the option granted to him in pursuance of ESOS.

Vesting means the process by which the employee becomes entitled to receive the benefit of a grant made to him under any of the schemes;

Vesting. A Options: 1/3 of the total number of Equity Units subject to the Initial Grant shall vest ratably (25% a year) on each of the first through fourth anniversaries of the date of grant ("A Options"), provided the Executive is in the employ of the Company on each such date. If there is a Change in Control (as defined in Schedule D to the Employment Agreement) prior to the fourth anniversary of the date of grant, and the Executive is still in the employ of the Company, all unvested A Options shall vest.

Vesting means that portion of the Restricted Stock Units that are paid and transferred to Employee in shares of Stock and as to which Employee has acquired a non-forfeitable right in accordance with the vesting schedule in Section B.2.