Vesting Fraction definition

Vesting Fraction means a fraction (which shall not exceed one (1)) in which (i) the numerator shall equal the sum of (A) the Performance Exit Vested Shares, (B) the Annual Performance Vested Shares and (C) the Time Vested Shares and (ii) the denominator shall equal 1,689,975.
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Vesting Fraction means a fraction, the numerator of which is $19 million on the Closing Date (and which numerator shall increase annually, in equal increments of $4.1 million, on each of the first five anniversaries after the date of this Agreement, until the Termination Date occurs) and the denominator of which is $39.5 million, provided that if the Termination Date occurs on or after a Change of Control, the Vesting Fraction shall be one (1).
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Vesting Fraction means (a) if the Maximum 2006 Performance Condition is attained, 1.0 and (b) if the Maximum 2006 Performance Condition is not attained, a number equal to the greater of zero or:
Sample 1

Examples of Vesting Fraction in a sentence

  • Based on the special Change of Control vesting schedule, the proportion of the total shares subject to the option (irrespective of any prior exercise) is determined as follows: Total Shares subject to option Change of Control Vesting Fraction 100 20 + 10 = 60 shares Since 20 shares have already vested, an additional 40 shares of the original 100 shares would become vested upon the Change of Control.

  • If you experience a Termination without Cause on or after the first anniversary of the Grant Date, that number of unvested RSUs equal to the number of unvested RSUs multiplied by the Vesting Fraction (determined as set forth below) shall immediately vest, and any remaining unvested RSUs shall immediately be forfeited.

  • Based on the special Change of Control vesting schedule, the proportion of the total shares subject to the option (irrespective of any prior exercise) is determined as follows: Total Shares subject to option Change of Control Vesting Fraction 100 20 + 10 50 = 60 shares Since 20 shares have already vested, an additional 40 shares of the original 100 shares would become vested upon the Change of Control.

  • The "Vesting Fraction" shall be a fraction, the numerator of which shall be the number of days from the Date of Grant to the date of the Participant's death or Disability and the denominator of which shall be 1,095.

  • A The basis of the terrorist lists adopted by the EU The European Union’s recourse to restrictive measures is not new given that it is one of the means by which the Common Foreign Security Policy (CFSP) is conducted.

  • In such event, (1) the aggregate Deemed Capital Contribution of Silvester, Fulham and Right Trust shall be reduced by the product of (x) such aggregate Deemed Capital Contribution as of the Termination Date and (y) an amount equal to one (1) minus the Vesting Fraction and (2) the amount of such reduction shall be reallocated equally to the Capital Contributions of the Class A Members and the Class B Members.

  • If, prior to the Settlement Date, Participant's position as a Service Provider to the Company or any of its Affiliates is terminated on account of the Participant's death or Disability, then within 60 days of the Participant's death or Disability, a number of Performance Shares equal to the Vesting Fraction (as defined below) multiplied by 67% (Target) (rounded up to the nearest whole share) shall be settled and the remaining Performance Shares will be forfeited.

  • If you experience a Termination without Cause on or after the first anniversary of the Grant Date, that number of outstanding and unvested RSUs equal to the number of unvested RSUs multiplied by the Vesting Fraction (determined as set forth below) shall immediately vest, and any remaining unvested RSUs shall immediately be forfeited.

  • Based on the special Change of Control vesting schedule, the proportion of the total shares subject to the option (irrespective of any prior exercise) is determined as follows: Total Shares subject to option 100 Change of Control Vesting Fraction 20 + 10 50 = 60 shares Since 20 shares have already vested, an additional 40 shares of the original 100 shares would become vested upon the Change of Control.

  • Prior to adopting this standard, the Company recognized these costs as the benefits were paid.


More Definitions of Vesting Fraction

Vesting Fraction means (a) if the Maximum 2007 Performance Condition is attained, 1.0 and (b) if the Maximum 2007 Performance Condition is not attained, a number equal to the greater of zero or: (lii)
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Related to Vesting Fraction

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • PSU means Public Sector Undertaking

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Vesting Event means the earliest to occur of the following events:

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • 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.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • RSUs means restricted stock units.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.