Vesting definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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 means the process by which the Participant is given the right to apply for Shares of the Company against the Option granted to him in pursuance of the Plan.

Examples of Vesting in a sentence

The Participant shall forfeit any unvested Shares of Restricted Stock that do not vest based on the foregoing proration or that are scheduled to vest in subsequent years of the Vesting Period.
Subject to Section 2 of the Award Agreement, the Vesting Period will commence on the Effective Date and end on the last date of vesting as provided in (iii) below, with 33 1/3% of the Award of Restricted Stock vesting on (i) February 27th of the first calendar year following the Effective Date, (ii) February 27th of the second calendar year following the Effective Date, and (iii) February 27th of the third calendar year following the Effective Date.
By way of example, if the Participant was employed by the Company for 73 days during the year of the Vesting Period, the Participant would be entitled to vest in (73 divided by 365 = twenty percent (20%)) of the amount of the Shares of Restricted Stock that were scheduled to vest during that year.
The Shares of Restricted Stock shall be (i) surrendered to the Company upon the forfeiture of any such Shares or (ii) released to the Participant once the Vesting Period has lapsed and they are no longer Shares of Restricted Stock.
The Company shall direct its stock transfer agent to make entries in its records for the Shares of Restricted Stock to reflect that they are being held in escrow for the Vesting Period.

More Definitions of Vesting

Vesting in relation to an Option, means the 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.

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

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

Vesting means Shares subject to an Award becoming due to be transferred to the Participant (and “vest” shall be construed accordingly).

Vesting in relation to Qualified Restricted Stock Units, means an Eligible Individual becoming entitled to have the Shares transferred to him subject to the Plan, and the terms “Vest” and “Vested” shall be construed accordingly.

Vesting. (“Vest” or “Vested") means that Your Award is no longer subject to substantial risk of forfeiture. You shall become Vested in Your Award upon satisfaction of criteria described in (a) through (f) below. Distribution of a Vested Award shall be made in accordance with Section 6.