Restricted (Vesting) Period. The restricted period of time is from the date of this Agreement through January 24, 2008 (the “Restricted Period”). The time period restrictions will lapse, and the RSUs will vest, on January 24, 2008, but only if the Grantee remains in office as a director of the Corporation or its subsidiary, National Penn Bank (the “Bank”), through the end of the Restricted Period.
Restricted (Vesting) Period. The period of time during which the transfer of shares of Restricted Stock is restricted is from the date of this Agreement through January 24, 2008 (the “Restricted Period”). The time period restrictions will lapse, and the Restricted Stock will vest, on January 24, 2008, but only if the Grantee remains in office as a director of the Corporation or its subsidiary, National Penn Bank (the “Bank”), through the end of the Restricted Period.
Restricted (Vesting) Period. The transfer of shares of Restricted Stock shall be restricted until the date on which such shares vest, which shall occur as to 25% of the shares on each anniversary of the Date of Grant (the “Restricted Period”), but only if the Grantee remains continuously employed by the Corporation or a subsidiary of the Corporation through such vesting date.
Restricted (Vesting) Period. The period of time during which the transfer of shares of Restricted Stock is restricted is from the date of this Agreement through the later of February 15, 2012 and the last day of the period during which the Corporation or any of its affiliates has any obligation under the Troubled Asset Relief Program, other than an obligation arising solely from the issuance of warrants to the U.S. Department of Treasury (the “Restricted Period”). The time period restriction will lapse, and the Restricted Stock will vest upon the expiration of the Restricted Period, but only if the Grantee remains continuously employed by the Corporation or a subsidiary of the Corporation through the end of the Restricted Period or as otherwise provided herein.
Restricted (Vesting) Period. Vesting of the RSUs is subject to the completion of continued service by the Grantee from the Date of Grant through [_________] (such date, the “Vesting Date” and such period, the “Vesting Period”). The RSUs will vest upon expiration of the Vesting Period, but only if the Grantee remains continuously employed by the Corporation through the end of the Vesting Period or as otherwise provided herein.
Restricted (Vesting) Period. The period of time during which the transfer of shares of Restricted Stock and the right to receive Over Performance Shares is restricted is from the Date of Grant to January 10, 2014 (the “Restricted Period”) The time period restriction will lapse and Restricted Stock and any Over Performance Shares will vest upon expiration of the applicable Restricted Period and achievement of the Performance Goals as defined in subsection 3. b. and Exhibit A, but only if the Grantee remains continuously employed by the Corporation through the end of the applicable Restricted Period or as otherwise provided herein.
Restricted (Vesting) Period. The period of time during which the transfer of shares of Restricted Stock is (i) with respect to 1/3rd of the Restricted Stock (rounded up to the next whole number of shares), from the date of this Agreement through May 14, 2013, (ii) with respect to another 1/3rd of the Restricted Stock (rounded up to the next whole number of shares), from the date of this Agreement through May 14, 2014, and (iii) with respect to the balance of the Restricted Stock, from the date of this Agreement through May 14, 2015 (each of the periods set forth in clauses (i), (ii) and (iii) is, as to the corresponding portion of the Restricted Stock, the “Restricted Period”). The time period restriction will lapse and Restricted Stock will vest upon expiration of the applicable Restricted Period but only if the Grantee remains continuously employed by the Corporation through the end of that Restricted Period or as otherwise provided herein.
Restricted (Vesting) Period. Vesting of the RSUs is subject to the completion of continued service by Grantee (i) with respect to of the RSUs, from the date of this Agreement through , (ii) with respect to another of the RSUs, from the date of this Agreement through , and (iii) with respect to the last of the RSUs, from the date of this Agreement through (“Vesting Dates”) (each of the periods set forth in clauses (i), (ii) and (iii) is, as to the corresponding portion of the RSUs, a “Vesting Period,” and all Vesting Periods collectively are the “Restricted Period”). RSUs will vest upon expiration of the applicable Vesting Period if but only if the Grantee remains continuously employed by the Corporation through the end of that Vesting Period or as otherwise provided herein.
Restricted (Vesting) Period. Vesting of the RSUs is subject to the completion of continued service as a director of the Corporation from the Date of the Grant through February 11, 2022 (such date, the “Vesting Date”). The RSUs will vest upon the Vesting Date, but only if the Grantee has provided continuous service as a director of the Corporation through the Service Period, or as otherwise provided herein.
Restricted (Vesting) Period. [The RSUs will vest in three installments at the Vesting Dates (as defined below), provided that Grantee has remained continually employed by the Company Group through the applicable Vesting Date, as follows: (a) [____] of the Time-Based RSUs will vest at [________], (b) [_______] of the Time-Based RSUs will vest at [___________], and (c) with respect to [________] of the Time-Based RSUs will vest at [____________] (each of the dates set forth in clauses (a), (b) and (c) is, as to the corresponding portion of the RSUs, a “Vesting Date”, and each such period, a “Vesting Period”).] OR [Vesting of the RSUs is subject to the completion of continued service by the Grantee from the Date of Grant through [___________] (such date, the “Vesting Date” and such period the “Vesting Period”)]. The RSUs will vest upon expiration of the Vesting Period, but only if the Grantee remains continuously employed by the Company Group through the end of the Vesting Period or as otherwise provided herein.]
