Vests definition

Vests means a right to exercise has arisen and “Vesting” shall be construed accordingly.
Vests in respect of an Award, means when an Award Holder becomes entitled to acquire some or all of the Plan Shares the subject of an Award and the terms “Vest”,
Vests means an Option becoming exercisable in accordance with these Rules and the Option Agreement and "Vesting" and "Vested" shall be construed accordingly.

Examples of Vests in a sentence

  • Vests shall be worn at all times while on duty, unless excused by previously stated guidelines.

  • The Company hereby grants to the Employee the Award, which entitles the Employee to earn a cash payment in an amount equal to the product of (a) the Cash Target Amount, and (b) the Percentage of the Award that Vests.

  • Prior to the date on which any Aggregate RSU Consideration Vests pursuant to Section 5 hereof, none of the RSUs nor any right to receive a Share upon the settlement thereof, nor any other rights to receive any Aggregate RSU Consideration, may be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process.

  • It is the sole responsibility of each employee to review the applicable standards and manufacturer’s specifications to determine which threat level of Vest will be appropriate for the employee’s specific work duties and circumstances and to replace worn or failed Vests.

  • Vests shall be replaced whenever they are defective, but in no case longer than eight (8) years from their original purchase.

  • Vests will be replaced every five (5) years or as approved by the Employer.

  • Unless otherwise prohibited herein, Passengers are permitted to wear Wearable Defibrillator Life Vests on board all Cape Air aircraft.

  • The County and Association mutually agree that the recognized guideline for Vests is the U.S. Department of Justice/NIC Selection and Application Guide to Personal Body Armor (NIJ Guide 100-01, as amended) and that the current rating standard for threat level protection for the term of this Agreement is NIJ Standard – 01.01.04.

  • Vests & Sweaters must be the grade appropriate color and the embroidered school logo is required.

  • Company will reflect in its records the restrictions under which the Aggregate RSU Consideration is held and will not allow distribution or transfer of any Aggregate RSU Consideration prior to the date on which such Aggregate RSU Consideration Vests pursuant to Section 5 below.


More Definitions of Vests

Vests. “Vesting” and “Vested” shall be construed accordingly;
Vests means that ▇▇▇▇▇▇▇’s substantial risk of forfeiture of the DSUs, based on Grantee’s Termination of Service, has lapsed.
Vests. , "vesting", or "vested" means a nonforfeitable, unconditional or legally enforceable
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: