Service Vesting Condition. You must remain in the continuous service of the Company, Sterling National Bank and/or any of their subsidiaries from the Award Date through the December 31, 2021 vesting date (the “Vesting Date”) specified in this Award Notice (the “Service Vesting Condition”) in order to vest in any Performance Award Shares upon the achievement of either of the two Performance Goals during the Performance Period.
Service Vesting Condition. Notwithstanding any provisions to the contrary in the Plan, but subject to any provision in the Participant’s employment agreement that specifically references this Award Agreement (but, for the avoidance of doubt, without giving effect to any other provision in such agreement or in any other individual agreement (including a Transition and Succession Agreement)), the vesting of the Performance RSUs shall be subject to the Participant’s continued employment with the Company or its Subsidiaries through (i) in the case of settlement pursuant to Section 2 of this Award Agreement, the Final Vesting Date and (ii) in the case of settlement pursuant to Section 4 of this Award Agreement, the date of the applicable Change in Control (the “Service Vesting Condition”).
Service Vesting Condition. (a) The Earned PRSUs with respect to each Performance Period will vest and become nonforfeitable on the respective Determination Date, immediately upon the Committee’s determination and certification that such PRSUs have been earned, provided that the Grantee remains continuously employed with the Company from the Grant Date through the applicable Determination Date on which vesting occurs. Except as otherwise provided in Section 5(b) or (c), upon the Grantee’s Termination for any reason at any time before all of his or her PRSUs have vested, the Grantee’s unvested PRSUs shall be automatically forfeited upon such Termination and the Company shall not have any further obligations to the Grantee under this Award Agreement.
Service Vesting Condition. One hundred percent (100%) of any PSUs that become earned PSUs in accordance with paragraph (a) shall become vested as of the Performance Period End Date. Upon the termination of the Participant’s relationship with the Company (and/or a Subsidiary) as a Service Provider for any reason other than the death of the Participant prior to the Performance Period End Date, any then outstanding PSUs, whether or not earned, will be automatically and immediately forfeited for no consideration.
Service Vesting Condition. Except as otherwise provided in this subsection (i), this Award shall become vested pursuant to the following vesting schedule (the “Vesting Schedule”), provided the Grantee remains in Continuous Service from the date of grant through the applicable vesting date and provided further that any one of the applicable performance conditions set forth in subsection (ii) has been satisfied as of such vesting date: Vesting Date Percentage of Award that Vests [Second anniversary of the date of grant] [ ]% [Third anniversary of the date of grant] [ ]% [Fourth anniversary of the date of grant] [ ]% [Fifth anniversary of the date of grant] [ ]% [Sixth anniversary of the date of grant] [ ]% If a performance condition set forth in subsection (ii) of this Paragraph 2(a) has not been satisfied as of a vesting date set forth in the Vesting Schedule, the portion of the Award that otherwise would vest upon such vesting date (the “Deferred Portion”) shall not vest; provided, however, that if any performance condition for a subsequent Performance Period is thereafter satisfied, the Deferred Portion shall vest on the last day of the Performance Period as for which such performance condition is satisfied, so long as the Grantee was an employee of the Company on the last business day of such Performance Period. Notwithstanding anything herein to the contrary, if no performance condition has been satisfied as of the sixth anniversary of the date of grant but the performance condition for the final Performance Period is satisfied, the Award shall vest in full on the last day of the final Performance Period, so long as the Grantee was an employee of the Company on the last business day of such Performance Period. If no performance condition set forth in subsection (ii) of this Paragraph 2(a) is satisfied after completion of all Performance Periods set forth in Exhibit A or, if earlier, as of the date of the Grantee’s termination of employment, the Award shall be forfeited in its entirety and the Grantee’s rights with respect thereto shall cease. If the Grantee’s employment terminates (whether or not the performance condition has been satisfied) prior to the applicable vesting date, any then unvested portion of the Award shall be forfeited and the Grantee’s rights with respect thereto shall cease.
Service Vesting Condition. Except as otherwise provided in Section 3 hereof, the Shares subject to the Option will satisfy the service-vesting condition based on Participant’s continued employment with the Company or any Affiliate over a period of forty-eight (48) months from the Grant Date, with one forty-eighth (1/48th) vesting on the first monthly anniversary of the Grant Date and one forty-eighth (1/48th) vesting on each monthly anniversary thereafter.
Service Vesting Condition. Subject to earlier vesting as provided in Section 3(b), the SARs will service-vest as follows (the “Service-Vesting SARs”): .
Service Vesting Condition. Notwithstanding any provisions to the contrary in the Plan, the vesting of the Chairman Retention RSUs shall be subject to the Participant’s continued service as chairman of the Board of Directors of the Company through each applicable Vesting Date (the “Service Vesting Condition”). Notwithstanding the foregoing or anything in this Award Agreement, the Letter Agreement or the Plan to the contrary, in the event Participant ceases to serve in the role of Chairman of the Board during the Initial Term for any reason (including death or disability), other than as the result of a voluntary resignation from such role without Good Reason or involuntary removal from such role for Cause (in each case as defined in the Letter Agreement), the Chairman Retention RSUs shall immediately vest upon such cessation and shall be settled in Ordinary Shares within three (3) business days of such cessation, as described in Section 7 of the Letter Agreement.
Service Vesting Condition. Subject to all the terms of this Agreement and to your continuous Service through the applicable dates of vesting, your right to purchase Shares under this Option shall vest as to three-fourths (3/4) of the total number of Shares covered by this Option, as shown above (or 37 Shares), over 12 calendar quarters based on time of service with 6.25% of the total number of Shares covered by this Option vesting on June 30, 2013 and an additional 6.25% at the end of each of the next eleven calendar quarters (with the last of such vesting occurring on March 31, 2016).
Service Vesting Condition. (a) The PSUs are subject to forfeiture until they vest. Subject to (i) the achievement of the Performance Conditions for payout set forth in Section 4 above, and (ii) the Grantee’s continuous employment from the Grant Date through the third anniversary of the Grant Date, the Earned Award determined pursuant to Section 4 will vest and become nonforfeitable on the third anniversary of the Grant Date. Except as provided in Section 5(b) or (c), upon the Grantee’s Termination for any reason at any time before the end of the Performance Period, all of the Grantee’s PSUs shall be automatically forfeited upon such Termination and the Company shall not have any further obligations to the Grantee under this Agreement.
