Vesting Period definition

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

Vesting Period means the period beginning on the Grant Date and ending on the Vesting Date.

Vesting Period means, in relation to Restricted Shares or Restricted Units, any period of not less than 12 months beginning with the first day of the month in which the grant of the applicable Restricted Shares or Restricted Units is effective, during which such Restricted Shares or Restricted Units may be forfeited if the Participant terminates employment.

Examples of Vesting Period in a sentence

• The Share Option (including both vested and unvested Shares) shall become void and the Entitled Person shall not be entitled to the Share Option, if the Contract is terminated during the Vesting Period due to any circumstances other than those described under the section “Good Leaver” above.

• Based on the use of the closing price for the Billerud share on 3 March, 2011, a theoretical assumption of a yearly increase of 10% of the share price, a 59% fulfillment of the performance conditions and estimations on turnover of personnel and a Vesting Period of three years, the cost for LTIP 2011 including social security costs equals approximately SEK 9,000,000, which is on annualized basis equivalent to approximately 0.2% of Billerud’s total staff costs for the financial year 2010.

• An SAR may be exercised (i) by giving written notice to the Company specifying the whole number of SARs which are being exercised and (ii) by executing such documents as the Company may reasonably request.(d) Minimum Vesting Period.

• Matching Share RightFor each Saving Share that the participant invests in and locks in to LTIP 2011, the participant is, free of charge, allotted one (1) Matching Share Right, which entitles the participant to, free ofcharge, receive one (1) Billerud share, based on the following conditions: (i) he participant must remain employed within the Billerud Group during the Vesting Period; and (ii) all Saving Shares must be retained during the Vesting Period.

• The Committee shall, as soon as reasonably practicable following the completion of the Vesting Period applicable to a Performance Share Award determine, in its sole discretion, the “ Vesting Percentage”.

More Definitions of Vesting Period

Vesting Period of an Option means, for the purpose of the Plan and its related instruments, the period between the Adoption Date and the date on which the Grantee may exercise the rights awarded pursuant to the terms of the Option. Unless otherwise determined by the Committee, any period in which the Grantee shall not be employed by the Company (or, in the case of consultants, contractors or directors, shall not be in the service of the Company) or in which the Grantee shall have taken an unpaid leave of absence, shall not be included in the Vesting Period.

Vesting Period means the period during which an Award granted hereunder is subject to a service or performance-related restriction, as set forth in the related Award Agreement.

Vesting Period means, with respect to a Grant of Share Units, the period specified by the Board, commencing on the Grant Date and ending on the last Vesting Date for such Share Units.

Vesting Period means the period(s) as stipulated herein or in the Stock Option Agreement that the Participant may purchase the Option Shares.

Vesting Period of an Award means, for the purpose of the Plan and its related instruments, the period between the Adoption Date and the date on which (i) the Grantee may exercise the Award into Exercised Shares; or (ii) if said Award does not require the Grantee to exercise it, the date on which the Award vests into an Exercised Share; or (iii) the date on which a Share (not resulting from another type of Award) may be freely transferred by the Grantee (subject to any other restrictions prescribed herein or by law).

Vesting Period means the period of time commencing on the date of this Agreement and ending on the date on which the entire Option has vested.

Vesting Period means the period beginning on the day after the last day of the Performance Period and ending December 31, 2014.