Vesting Payment definition

Vesting Payment means any payment (including any taxes related thereto) made after the Original Closing Date in respect of unvested stock, options and other employee compensation arrangements existing immediately prior to the consummation of the Merger.
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Vesting Payment shall have the meaning provided in § 8.1.3.
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Examples of Vesting Payment in a sentence

  • If any such individuals do not cash their checks within that one-hundred twenty (120) day period, their Vesting Payment checks shall be void and a stop-pay shall be placed on the checks.

  • As a holder of Phantom Stock Units, the Grantee has the rights of a general unsecured creditor of the Company unless and until the Vesting Payment (as defined in Section 5) is paid out to Grantee, as set forth herein.

  • Members of the Vesting Subclass shall have one-hundred twenty (120) calendar days after mailing by or at the direction of Defendants to cash their Vesting Payment.

  • In such event, those individuals shall be deemed to have irrevocably waived any right in or claim to a Vesting Payment, but the Settlement Agreement nevertheless shall be binding upon them.

  • At each time that Executive's Plan Shares shall vest, Company shall pay to Executive an amount (a "DCA Vesting Payment") bearing the same proportion to the amount of each DCA Vesting Deduction theretofore made as the number of Plan Shares so vesting shall bear to the number of Executive's Plan Shares that shall have remained unvested at the time such DCA Vesting Deduction shall have been made.

  • Except with respect to Phantom Stock Units that become vested by reason of Section 4(c), within sixty (60) days after any Phantom Stock Units become vested, the Company shall transfer to Grantee the Vesting Payment (as defined in Section 5, below) attributable to the vested Phantom Stock Units and such Phantom Stock Units shall expire when such Vesting Payment is made.

  • The aggregate Per Share Vesting Payment (as defined below) for each Stockholder is set forth on EXHIBIT A next to such Stockholder's name, such aggregate Per Share Vesting Payment being equal to each Stockholder's pro rata portion of the Vesting Payment (on a per share basis, the "Per Share Vesting Payment").

  • The shares of AB Common stock issued as the Vesting Payment shall be subject to registration with the SEC in accordance with the terms and conditions of the Registration Rights Agreement.

  • The Per Share Vesting Payment shall be paid to the Stockholders at the addresses set forth on EXHIBIT A hereto promptly following the occurrence of the Vesting Event.

  • In connection with any Additional Payment or Vesting Payment, such Stockholders shall, as a condition to such Additional Payment or Vesting Payment, provide the representation set forth in Section 2.28 as of the time of the receipt of the Additional Payment or Vesting Payment, as the case may be.