Vesting of Restricted Shares. The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.
Vesting of Restricted Shares. The Restricted Shares shall vest (“Vested Shares”) in accordance with the following schedule:
Vesting of Restricted Shares. (a) Subject to Subsection (b) below, 2,000 Restricted Shares shall become earned and vested according to the following schedule: Number of 2,000 Restricted Shares that Become Vested and Earned Vesting Date 2,000 July 2, 2008
Vesting of Restricted Shares. (a) The Restricted Shares shall become vested and nonforfeitable (“Vested”) if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary through the vesting dates set forth below with respect to the percentage of Restricted Shares set forth next to such date: Vesting Date Percentage of Restricted Shares Vesting on such Vesting Date
Vesting of Restricted Shares. Subject to the terms of this Agreement and the Plan, this grant of Restricted Shares is subject to the following limitations:
Vesting of Restricted Shares. All of the Restricted Shares are unvested. Subject to Section 6.2, Restricted Shares shall vest upon, but only upon, the earliest to occur of the events described in Section 3.1, 3.2 or 3.3, in each case subject to the limitations set forth in Section 3.4. Subject to Section 6.2, all unvested Restricted Shares shall be forfeitable as set forth in Section 3.4 and shall be non-transferable as set forth in Section 4.3. All vested Restricted Shares shall become non-forfeitable and transferable at the time they first vest, although:
Vesting of Restricted Shares. Except as may be otherwise provided below, including in Section 4, or under any written employment-related agreement with Grantee (including any confidentiality, non-solicitation, non-competition, change of control or similar agreement, as required by the Company), if any, 100% of the Restricted Shares will vest and become non-forfeitable (and the restrictions imposed on the Restricted Shares under Section 2 will expire) on the third anniversary of the Vesting Commencement Date, provided Grantee has continued in the employment of the Company and/or its Affiliates through such date. Any date on which the Restricted Shares vest shall be considered a “Vesting Date.” Notwithstanding anything to the contrary in this Agreement, if Xxxxxxx’s employment is terminated and such termination is voluntary, including a Retirement, and Grantee remains on the board of directors of the Company or any Affiliate of the Company whose equity is publicly traded on the New York Stock Exchange or the NASDAQ Stock Market following such termination of employment, Grantee shall be treated as employed for purposes of this Agreement as long as Grantee remains on such board of directors, in which case any references herein to Xxxxxxx’s employment shall be deemed to include his or her continued service on such board.
Vesting of Restricted Shares. The Restricted Shares are subject to forfeiture to the Company until they become vested and non-forfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law, except to (i) an immediate family member or (ii) a trust or other estate-planning vehicle (collectively, the “Permitted Transferees”), so long as any such Permitted Transferee, as a condition to such transfer, agrees in writing to be bound by the terms of this Agreement with respect to the Restricted Shares.
Vesting of Restricted Shares. Subject to the terms and conditions of this Agreement and the Plan, the shares of Restricted Stock shall vest in accordance with the vesting schedule set forth on Exhibit A hereto provided the Grantee remains continuously employed by the Company until the applicable vesting dates listed on Exhibit A.
Vesting of Restricted Shares. The Restricted Stock will vest with respect to 25% of the underlying shares of Restricted Stock on the Grant Date and with respect to an additional 75% of the underlying shares of Restricted Stock on the first anniversary of the Grant Date. Shares of Restricted Stock shall fully vest upon the Participant’s death or Termination of Employment due to Disability. Except as otherwise provided in Section 5 of this Agreement , unvested shares of Restricted Stock shall be forfeited by the Participant upon the Participant’s Termination of Employment, as defined in the Plan, for any reason other than death or Termination of Employment due to Disability, as defined in the Plan.
