Vesting Portion definition

Vesting Portion means such percentage of the Securities subject to an Award (rounded down to the nearest whole Security) as may Vest on or about any Vesting Date as set out in the Award Letter.
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Examples of Vesting Portion in a sentence

  • Any remaining unvested portion of the Option (whether with respect to the Time-Based Vesting Portion or Performance-Based Vesting Portion) shall be cancelled immediately (subject to Section 2(b)(iii) and Section 2(c)(iii)) and the Grantee shall immediately forfeit any rights to the Option Shares subject to such unvested portion.

  • For the avoidance of doubt, any installment of the Performance-Based Vesting Portion for Measurement Years prior to the Measurement Year in which the Change in Control occurs which did not vest and become exercisable in accordance with Section 2(b)(ii) because the applicable performance-based vesting conditions were not met, shall be forfeited and shall no longer remain outstanding, subject to subsection (iii) below.

  • IndexOver Performance Period Portion of Target Award Vesting(“Vesting Portion”) TSR results above the Threshold level and below the Maximum level shall result in a Vesting Portion that is interpolated between the Threshold and Maximum Vesting Portions set forth on this Exhibit A.

  • If your employment terminates under circumstances constituting both a Company Action and Retirement, the Company Action Vesting Portion shall become exercisable on the termination date and, together with any portion of the Option which was already exercisable, shall remain exercisable until the Expiration Date.

  • In the event that the Targets have not been achieved as of July 1, 2009, the Performance Vesting Portion shall be irrevocably forfeited by the Executive.

  • Thereafter, one-thirty sixth (1/36th) of the Time Vesting Portion shall vest on a monthly basis over the remaining twenty-four (24) month period.

  • Executive must remain continuously employed with the Employer through the relevant vesting date in order to be entitled to receive any Performance Vesting Portion of the Restricted Stock Award.

  • The remaining 50% unvested portion of the Time Vesting Portion shall continue to vest in equal monthly installments over the remaining original vesting period until fully vested.

  • Restrictions with respect to 50% of the related Vesting Portion of the LTIP Award set forth on Exhibit B shall lapse as of the later of the Determination Date and the third anniversary of the Date of Grant (the “Vesting Date”), with the restrictions on the remaining 50% of such Vesting Portion lapsing on the fourth anniversary of the Date of Grant (the “Anniversary Date”).

  • Restrictions with respect to 100% of the related Vesting Portion of the Stock Award set forth on Exhibit A shall lapse as of the later of the Determination Date and [_____________] (the “Vesting Date”).