Examples of Vesting Period in a sentence
During the Vesting Period, the Beneficiaries are not the owners of the Shares and do not have any right attached to such Shares, whether it be voting rights or rights to dividends.
For example, the Board of Directors may choose to shorten or lengthen the Vesting Period and/or to introduce a mandatory lock-up period and/or waive or modify any condition to Vesting and/or introduce new conditions.
The terms and conditions applicable to an Offer, including the Final Acceptance Date, the First Exercise Date, the Last Exercise Date, any Grant Conditions, any Vesting Conditions and any Vesting Period, are as determined by the Board (in its absolute discretion).
The vesting of the Total Number of Restricted Stock Units shall begin as of the Vesting Commencement Date and the Restricted Stock Units will vest pro rata over the Vesting Period, in equal regular installments on the Vesting Installment Frequency, until all Restricted Stock Units shall have vested as of the end of the Vesting Period.
The Beneficiaries will be notified at least one month before the end of the Vesting Period and may choose another method of holding the shares, indicating the details of their individual account, or may decide to forgo the Free Shares upon delivery.