Vesting of RSUs definition

Vesting of RSUs. This award will vest and become nonforfeitable as to one-third of the RSUs subject hereto on each of the first three anniversaries of the Vesting Start Date, subject to the Executive’s continued employment with the Company or any Subsidiary through each such anniversary, provided, that if the Executive’s employment with the Company or any Subsidiary is terminated by the Company without Cause or by the Executive with Good Reason (each as defined in the Employment Agreement), then, to the extent not previously vested, a number of RSUs shall vest and become nonforfeitable immediately prior to such termination equal to the number of RSUs that would have vested had the Executive remained continuously employed by the Company for a period of one year after such termination and, provided, further, that if the Executive remains continuously employed by the Company or any Subsidiary through a Change in Control or the Executive’s employment with the Company or any Subsidiary terminates due to the Executive’s death or Disability (as defined in the Employment Agreement), in any case, prior to the vesting of any RSUs granted hereunder, then, to the extent not previously vested, all RSUs granted hereunder shall vest in full upon such occurrence and, provided, further, that if a Change in Control occurs during the two-month period immediately after the Executive’s termination of employment other than due to a termination by the Company for Cause or by the Executive without Good Reason, then all RSUs granted hereunder shall vest in full upon such Change in Control (any date on which any RSUs vest in accordance herewith, a “Vesting Date”). The Executive’s signature below indicates the Executive’s agreement with and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EXECUTIVE FURTHER ACKNOWLEDGES THAT THE EXECUTIVE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A HERETO, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EXECUTIVE By: XXX X. XXXXX APPENDIX A
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Vesting of RSUs. The RSUs shall be divided for vesting purposes into two (2) fifty-percent (50%) components, the “Time-Vest RSUs” (rounded down to the nearest whole RSU) and the “Performance-Vest RSUs” (rounded up to the nearest whole RSU) which shall vest and become nonforfeitable, as follows:
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Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 150,000 Shares on each of the first three anniversaries of the Commencement Date provided for in the Employment Agreement (December 15, 2005), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EMPLOYEE
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Examples of Vesting of RSUs in a sentence

  • Vesting of RSUs is conditional upon the expiry of a time-based vesting period.

  • Vesting of RSUs is subject to continued employment of the Beneficiaries with a Scheme Company over the vesting period.

  • Vesting of RSUs and payment of dividend equivalents will be conditioned upon the satisfaction of the terms and conditions described in the Grant Notice and this Agreement.

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  • Tranches allocated to other fiscal years remained subject to achievement of substantive performance metrics.• Vesting of RSUs and PSUs scheduled for January 2021 was accelerated to December 28, 2020, to allow for certainty with regard to tax rates applicable upon vesting.• Stock ownership guidelines applicable to the Company's NEOs were suspended.• The 2020 SPSUs were modified to waive the performance targets for tranches I through IV and allow immediate vesting in October 2020.

  • Vesting of RSUs is subject to the members of the Executive Management having continued employment throughout the vesting period with the modifications rising from customary leaver provisions as determined by the Board.

  • Vesting of RSUs is subject to the grantee’s continued service with Intevac.

  • Hence, upon their vesting, employees with RSUs receive shares at a defined value without paying any consideration to exercise the RSUs. Vesting of RSUs gives rise to a receipt by a Ukrainian recipient (employee) of shares or a cash payment.

  • Date of Earliest Transaction (MM/DD/YYYY) Explanation of Responses:(1) Vesting of RSUs previously granted to the Reporting Person.

  • Vesting of RSUs granted under this Plan shall be conditioned upon continued service as a director of the Company, provided that vesting shall be accelerated upon the director’s death or disability or upon a Change in Control.


More Definitions of Vesting of RSUs

Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 125,000 Shares on each of the first three anniversaries of the date of the Employment Agreement (January 20, 2006), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EMPLOYEE ____________________________________ _____________________________ Xxxxxxx X. Xxxxxx Name: ______________________________ Address: _____________________ Title: _______________________________ _____________________________ _____________________________ APPENDIX A TERMS AND CONDITIONS OF INDUCEMENT RESTRICTED STOCK UNITS
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Vesting of RSUs. The RSUs will vest and become nonforfeitable as to 100% of the RSUs on the date of the Company’s 2015 Annual Meeting of Stockholders or, if earlier, upon the occurrence of a Change in Control, in either case, subject to the Participant’s continued service with the Company as an Employee, Consultant or member of the Board through such date, provided, however, that if the Participant’s service relationship with the Company terminates due to the Participant’s death or “disability” (within the meaning of Code Section 409A), all then-unvested RSUs will vest and become nonforfeitable immediately prior to such termination (any date on which any RSUs vest in accordance herewith, a “Vesting Date”).
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Vesting of RSUs. [Specify schedule and circumstances on which vesting of the RSUs would occur. Vesting could include time-based, performance-based or other conditions.] [, provided, however, that if the Participant's service relationship with the Company is terminated by the Company without Cause, by the Participant with Good Reason (each, as defined in [the Participant's employment agreement] [Appendix A hereto]) or due to the Participant's death or “disability” (within the meaning of Code Section 409A), in any such case, on or after ______________, all then-unvested RSUs will vest and become nonforfeitable immediately prior to such termination (it being understood that no accelerated vesting shall apply in connection with any termination occurring prior to __________) (any date on which any RSUs vest in accordance herewith, a “Vesting Date”)]. [In addition, the RSUs may be subject to accelerated vesting under certain circumstances to the extent set forth in Section 11.2 of the Plan.] [Notwithstanding anything to the contrary contained in this Agreement, to the extent that any additional RSUs are credited to the Participant's Account (as defined below) in respect of Dividend Equivalent rights (if any) in accordance with Section 3 of Appendix A attached hereto, such additional RSUs shall be deemed granted and fully vested as of the applicable dividend payment date set forth in Section 3(a)(i) through Section 3(a)(iii) below.] Payment of RSUs: Vested RSUs shall be paid to the Participant in the form of shares of Stock as set forth in Section 6 of Appendix A attached hereto.
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Vesting of RSUs. The RSUs will vest according to the following schedule (the “Vesting Schedule”): The number of RSUs eligible for vesting shall be equal to the product of the Total Grant and the Achievement Ratio (as defined in Appendix B) as determined on [Date] (the “Determination Date”) and rounded down to the nearest whole unit (the “Vesting Eligible RSUs”). So long as you remain in Continuous Service through each such date, twenty-five percent (25%) of the Vesting Eligible RSUs (rounding up to the nearest whole RSU) shall become vested on [Date](the “Vesting Start Date”) and on each anniversary of the Vesting Start Date such that one hundred percent (100%) of the Vesting Eligible RSUs are vested on the third (3rd) anniversary of the Vesting Start Date.
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Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 108,333 Shares (the final installment to be 108,334 Shares) on each of the first three anniversaries of the date of the Employment Agreement (January 20, 2006), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EMPLOYEE Xxxxx X. Xxxxx Name: Address: Title: APPENDIX A TERMS AND CONDITIONS OF INDUCEMENT RESTRICTED STOCK UNITS
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Vesting of RSUs. [Specify schedule and circumstances on which vesting of the RSUs would occur. Vesting could include time-based, performance-based or other conditions.]2, provided, however, that if the Participant’s service relationship with the Company is terminated by the Company without Cause or by the Participant with Good Reason (each, as defined in Appendix A hereto), [in either such case, on or after ________,2]1 or due to the Participant’s death or “disability” (within the meaning of Code Section 409A), all then-unvested RSUs will vest and become nonforfeitable immediately prior to such termination [(it being understood that no accelerated vesting shall apply in connection with a termination by the Company without Cause, or by the Participant with Good Reason, occurring prior to ________2)]1 (any date on which any RSUs vest in accordance herewith, a “Vesting Date”). In addition, the RSUs may be subject to accelerated vesting under certain circumstances to the extent set forth in Section 11.2 of the Plan. Payment of RSUs: Vested RSUs shall be paid to the Participant in the form of shares of Stock or in cash in an amount equal to the value of the shares of Stock otherwise deliverable, in any case, as set forth in Section 6 of Appendix A attached hereto.
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Related to Vesting of RSUs

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • RSUs means restricted stock units.

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

  • 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.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

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

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

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

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

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

  • 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.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

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

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • 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;

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

  • 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;

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

  • 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;

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • DSUs means the deferred share units granted under the DSU Plan;

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).