Vesting Period definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

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

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.

Examples of Vesting Period in a sentence

• If a Change of Control occurs during the Vesting Period but a Double Trigger Event does not occur, the Award will be payable following each Vesting Date in accordance with Section 4 and the first sentence of Section 5, subject to the other terms of this Agreement including Sections 6 and 7.

• During the Vesting Period, dividend equivalents shall be converted into additional Restricted Stock Units based on the closing price of the Stock on the New York Stock Exchange on the dividend payment date.

• Except as otherwise set forth herein, the number of Shares actually payable to the Employee is contingent on the Employee’s continuous Service through each Vesting Date occurring during the Vesting Period.

• In the event of a Participant’s death or Disability prior to the last day of the Vesting Period, the number of Performance Shares that becomes payable under Section 3 is determined as follows: A.

• If a Double Trigger Event occurs during the Vesting Period, the Restricted Stock Units, to the extent not previously vested, shall become immediately vested in full and payable in accordance with Sections 4 and 5.

More Definitions of Vesting Period

Vesting Period means the period during which the vesting of the Option granted to the Participant in pursuance of the Plan takes place.

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.

Vesting Period means the period specified in the Addendum.

Vesting Period means the period during which the vesting of the Option granted to the Employee, in pursuance of the ESOP 2022, takes place.

Vesting Period means the period during which the vesting takes place.

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 a fixed period of time between the date of offer by the employer and the date after which the option to purchase can be exercised by the employee.