Vesting Provisions definition
Examples of Vesting Provisions in a sentence
In addition, the Executive’s unvested Qualifying Long-Term Incentive Awards shall vest in accordance with and to the extent provided in the Vesting Provisions.
In addition, the Executive's unvested Qualifying Long-Term Incentive Awards shall vest in accordance with and to the extent provided in the Vesting Provisions.
If an Employee does not have a nonforfeitable right to Employer contributions, exclude Years of Vesting Service earned before a period of 5 consecutive 1-Year Breaks in Service/Periods of Severance:[ ] Yes [ ] No Special Vesting Provisions 9a.
Vesting Provisions - An employee who leaves the employment of the Town is entitled to all of his or her contributions and a portion of the Town’s contributions as follows: Years of Service Retirement Provisions - Under the provisions of the Defined Contribution Plan, employees are eligible for normal retirement at age 65 with 10 years credited service.
Effective as of the date of grant specified in the Award Summary (the “Grant Date”), the Company grants to Participant Performance Stock Options to purchase up to [*]% of the number of Shares specified in the Award Summary (i.e., [*]% of the number of Performance Stock Options that would vest upon achievement of [Performance Vesting Provisions], as set forth in Section 1.2).
In addition, if an Executive incurs an Involuntary Termination the Executive’s unvested Qualifying Long-Term Incentive Awards will vest in accordance with and to the extent provided in the Vesting Provisions.
The period during which the Restricted Stock Units have not vested and therefore are subject to a substantial risk of forfeiture is referred to below as the Restricted Period.2.2. Special Vesting Provisions.
Effective as of the date of grant specified in the Award Summary (the “Grant Date”), the Company grants to Participant an award of [*]% of the number of Performance Restricted Stock Units specified in the Award Summary (i.e., [*]% of the number of Performance Restricted Stock Units that would vest upon achievement of [Performance Vesting Provisions], as set forth in Schedule A below).
Effective as of the date of grant specified in the Award Summary (the "Grant Date"), the Company grants to Participant an award of [*]% of the number of Performance Restricted Stock Units specified in the Award Summary (i.e. [*]% of the number of Performance Restricted Stock Units that would vest upon achievement of [Performance Vesting Provisions], as set forth in Section 1.2).
Such Participant shall surrender all outstanding Awards to the Company, and all Awards of such Participant shall be canceled.5.4 Special Change in Control Vesting Provisions.