Stock-Price Vesting Condition Sample Clauses

Stock-Price Vesting Condition. Notwithstanding the general vesting provisions contained in Section 2(a)(ii) above, upon the Grantee’s death or Disability while employed with the Company or a Subsidiary, the Stock-Price Employment Condition will be waived for the one-year period immediately following such event (or until June 30, 2016, if earlier) and if following such death or Disability but prior to the earlier of (1) the end of such one-year period or (2) June 30, 2016, the average closing price of the Stock during any 20-consecutive-trading-day-period is equal to or greater than $45, the Stock-Price Vesting Condition shall be satisfied.
Sample 1
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Stock-Price Vesting Condition. In the event of a Change in Control, (1) if the Company’s stockholders receive a per-share value for their shares of Stock in the Change-in-Control transaction equal to or greater than $25, the Stock-Price Vesting Condition shall be fully satisfied, as of the date of the consummation of such Change in Control transaction or (2) if the Company’s stockholders receive a per-share value for their shares of Stock in the Change-in-Control transaction equal to or greater than the closing price of the Stock on the Grant Date but less than $25, the Stock-Price Vesting Condition shall be satisfied, as of the date of the consummation of such Change in Control transaction, with respect to a portion of the Restricted Stock Units equal to the total number of Restricted Stock Units multiplied by a fraction, the numerator of which shall be the per-share value received by the Company’s stockholders for their shares of Stock in the Change-in-Control transaction and the denominator of which shall be $25, or (3) if the Company’s stockholders receive a per-share value for their shares of Stock in the Change-in-Control transaction equal to less than the closing price of the Stock on the Grant Date, the Stock-Price Vesting Condition shall not be satisfied and to the extent that the Stock-Price Vesting Condition has not previously been satisfied as of the date of the consummation of such Change in Control transaction, all unvested Restricted Stock Units shall be forfeited.
Sample 1
Stock-Price Vesting Condition. Except as specifically set forth below in Sections 2(b) and 2(c), in the event of the Grantee’s death, Disability, or termination without Cause (as defined below) or for Good Reason (as defined below), as applicable, the stock price vesting condition for all Restricted Stock Units will be satisfied on the last day of the first 20-consecutive-trading-day-period after the Grant Date during which the average closing price of the Stock over such period is equal to or greater than $25, which occurs (1) while the Grantee remains employed with the Company or a Subsidiary (the “Stock-Price Employment Condition”) and (2) on or prior to March 31, 2013 (the “Stock-Price Vesting Condition”).
Sample 1
Stock-Price Vesting Condition. Notwithstanding the general vesting provisions contained in Section 2(a)(ii) above, upon the termination of the Grantee’s employment with the Company and all Subsidiaries of the Company by the Company or a Subsidiary without Cause or by the Grantee for Good Reason, in each case, following the first anniversary of the Grant Date, the Stock-Price Employment Condition will be waived for the one-year period immediately following such termination (or until March 31, 2013, if earlier) and if, following such termination date but prior to the earlier of (1) the end of such one-year post-termination period or (2) March 13, 2013, the average closing price of the Stock during any 20-consecutive-trading-day-period is equal to or greater than $25, the Stock-Price Vesting Condition shall be satisfied.
Sample 1
Stock-Price Vesting Condition. The stock price vesting condition will be satisfied on the last day of the first 20-consecutive-trading-day-period after the Grant Date during which the average closing price of the Stock over such period is equal to or greater than $45, which occurs (1) while the Grantee remains employed with the Company or a Subsidiary (the “Stock-Price Employment Condition”) and (2) on or prior to June 30, 2016 (the “Stock-Price Vesting Condition”).
Sample 1
Stock-Price Vesting Condition. Notwithstanding the general vesting provisions contained in Section 2(a)(ii) above, upon the termination of the Grantee’s employment with the Company and all Subsidiaries by the Company or a Subsidiary without Cause, the Stock-Price Employment Condition will be waived for the one-year period immediately following such termination (or until June 30, 2016, if earlier) and if following such termination date but prior to the earlier of (1) the end of such one-year post-termination period or (2) June 30, 2016, the average closing price of the Stock during any 20-consecutive-trading-day-period is equal to or greater than $45, the Stock-Price Vesting Condition shall be satisfied.
Sample 1

Related to Stock-Price Vesting Condition

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person's services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company's repurchase option shall provide that upon such person's termination of employment or service with the Company, with or without cause, the Company or its assignee (to the extent permissible under applicable securities laws and other laws) shall have the option to purchase at cost any unvested shares of stock held by such person.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Vesting Conditions Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Award Agreement. A Stock Unit Award Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change in Control occurs with respect to the Company.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Restriction Period and Vesting (a) The restrictions on the Award shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19, 1998 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 through 2002, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period").

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

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