Vests definition

Vests means a right to exercise has arisen and “Vesting” shall be construed accordingly.
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Vests. “Vesting” and “Vested” shall be construed accordingly;
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Vests means an Option becoming exercisable in accordance with these Rules and the Option Agreement and “Vesting” and “Vested” shall be construed accordingly.Where the context so permits, the singular shall include the plural and vice versa and the masculine gender shall include the feminine. Any reference to a statutory provision is to be construed as a reference to that provision as for the time being amended or re-enacted and shall include any regulations or other subordinate legislation made under it.Values stated in sterling shall mean the equivalent value in the currency of the territory in which an Eligible Employee is employed determined by the Board by reference to such published rate of exchange between sterling and the said currency as may be available to the Board and which the Board in its absolute discretion determines appropriate.
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Examples of Vests in a sentence

  • If an Option Vests under more than one provision of the rules of the Plan, the provision resulting in the shortest exercise period will prevail.

  • Examples include, but are not limited to: Imprinted Hard Hats, Eyewear or First Aid Kits, Custom Cylinders, and specially manufactured and custom products, including Traffic Vests, Clothing, Rainwear, Fall Protection Harnesses, Self-Contained Breathing Apparatus (Configured and Pre- configured), and customized gas detection products.

  • Vests like the Noxgear Tracer 360 are ONLY approved if they're accompanied by the reflective shoulder add-ons.

  • Vests are also required for employees working along the rail alignment, or anywhere they have exposure to vehicular traffic.

  • Vests shall be provided to all new Officers prior to the end of their first week as Officers.

  • Vests shall be replaced every five (5) years by making a proper request to the Division Commander, or at any time when obvious damage to the vest requires replacement.

  • Safety Vests are required if you plan on touring any RIPTA Facilities other than the Conference Room as part of this meeting.

  • Vests in three equal installments on the dates that are two and a half, three and a half, and four and a half years following the grant date.

  • Reflective safety wear for each crewmember (must meet American National Standard for High Visibility Public Safety Vests if working within the right of way of any federal-aid highway.

  • Vests maintained in the investigation units may be used any time a plainclothes officer might benefit from being readily identified as a member of law enforcement.


More Definitions of Vests

Vests means that Gxxxxxx’s substantial risk of forfeiture of the RSUs, based on Grantee’s Termination of Service, has lapsed. Forfeiture and Clawback of RSUs:
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Vests means that Employee’s substantial risk of forfeiture of the RSUs under this Agreement has lapsed. However, terms of this Agreement and Company policies relating to clawback (or recoupment) of Shares or the cash value of Shares delivered in settlement of the RSUs in some cases will continue to apply after vesting. Forfeiture and Clawback of RSUs:
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Vests means an Option becoming exercisable in accordance with these Rules and the Option Agreement and "Vesting" and "Vested" shall be construed accordingly.
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Vests. , "vesting", or "vested" means a nonforfeitable, unconditional or legally enforceable
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Related to Vests

  • Vest means to become exercisable or to otherwise obtain ownership rights in an award.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Nonforfeitable means a Participant's or Beneficiary's unconditional claim, legally enforceable against the Plan, to the Participant's Accrued Benefit.

  • Date of Award means the date this Contract is fully executed.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • the award , except in sub-paragraph (2), means—

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.