Vesting Date definition
Examples of Vesting Date in a sentence
If the Board of Directors of the Company approves a five-year strategic plan proposed by the Participant before the first anniversary of the Grant Date, one-third of the Award will instead vest on such first anniversary of the Grant Date (the “2027 Vesting Date” and, collectively with the 2029 Vesting Date, the “Vesting Dates”) with the remaining two-thirds continuing to vest on the 2029 Vesting Date.
Any portion of the Retention Bonus that vests will be payable to you in a lump sum within sixty (60) days following the applicable Vesting Date.
The Company shall settle as soon as administratively possible after the applicable Vesting Date, any vested portion of the Restricted Unit Award by the payment to the Participant of one share of Common Stock (a “Share”) for each vested Restricted Unit, subject to any applicable tax withholding requirements.
If the Participant is deemed a Specified Employee at the time of the Vesting Date, then such payment will be delayed until the earlier of the date that is six months following the Vesting Date and the Participant’s death.
If, after June 30, [year] but prior to the Vesting Date, you cease to be employed by the Affiliated Group as a result of your death, and Cause does not then exist, your estate will receive the Units, if any, to which you would have been entitled on the Vesting Date had your employment not been so terminated.