Examples of Vesting Date in a sentence
The expiry date of each Option is 5.00pm (Melbourne time) on the date that is 3 years after the relevant Vesting Date (Expiry Date).
In respect of Resolution 5, 50% of the Options will vest on 29 September 2021 and 50% will vest on 29 September 2022 (Vesting Dates) subject to the holder continuing to be employed by the Company up to the relevant Vesting Date.
Prior to the Vesting Date, any Award made under the terms of the Share Award Scheme shall be personal to the Awardee to whom it is made and shall not be assignable and no Awardee shall in any way sell, transfer, charge, mortgage, encumber or create any interest in favour of any other person over or in relation to the Awarded Shares granted to him/her/it pursuant to such Award, unless a waiver is granted by the Stock Exchange.
The Options are exercisable at any time and from time to time from the Vesting Date to on or prior to the Expiry Date.
In respect of Resolution 4, 50% of the Options will vest on 6 May 2021 and 50% will vest on 6 May 2022 (Vesting Dates) subject to the holder continuing to be employed by the Company up to the relevant Vesting Date.