Restriction Periods. Each Restriction Period commences on the Grant Date and ends as follows:
Restriction Periods. The RSUs are subject to the Restriction Periods shown on the first page of this Agreement.
Restriction Periods. (i) Subject to the provisions of the Plan and this Award Agreement (including Section 3), the restrictions on your Restricted Stock will lapse and the Restricted Stock will become fully vested with respect to:
Restriction Periods. The Restricted Stock Units are subject to Restriction Periods which shall terminate ratably in three installments, with the first Restriction Period terminating on the second anniversary of the On-Cycle Award Date, and the subsequent Restriction Periods terminating on the third and fourth anniversaries of the On-Cycle Award Date, or if Corporation’s Common Stock is not traded on any such termination date, on the next date on which the Corporation’s Common Stock is traded. If the termination of a Restriction Period will result in a fractional share, then the amount shall be rounded down to the nearest whole share and the Restriction Period for all fractional shares shall terminate upon the expiration of the last Restriction Period for the Award. For purposes of this Agreement, “On-Cycle Award Date” shall mean the Award Date for RSUs awarded in January of the current year.
Restriction Periods. The Restricted Stock Units are subject to Restriction Periods which shall terminate ratably in installments over four years from the Award Date on each annual anniversary of the Award Date or, if Corporation’s Common Stock is not traded on any such anniversary date, on the next preceding date on which the Corporation’s Common Stock is traded. If the termination of a Restriction Period will result in a fractional share, then the amount shall be rounded down to the nearest whole share and the Restriction Period for all fractional shares shall terminate upon the expiration of the last Restriction Period for the Award.
Restriction Periods. The Restricted Stock Units are
Restriction Periods. (i) Subject to the provisions of the Plan and this Award Agreement (including Section 3), provided that you are continuously employed by the Company, continuously serve as a member of the Advisory Board of the Company (“Advisory Board Member”), or continuously serve as a member of the Board of Directors of the Company (“Director”), as applicable, the restrictions on your Restricted Stock will lapse and the Restricted Stock will become fully vested according to the following schedule:
Restriction Periods. Each Restriction Period commences on the Grant Date; Restriction Period 1 ends on July 1, 2021, Restriction Period 2 on July 1, 2022, Restriction Period 3 on July 1, 2023, and Restriction Period 4 on July 1, 2024. Vesting Schedule: 25% on the last day of each Restriction Period. Each RSU represents a hypothetical Share of Common Stock. As a holder of RSUs, Participant will have only the rights of a general unsecured creditor of Corporation until delivery of Shares is made as specified in this Agreement. The terms and conditions of this Award of RSUs are set forth on the following pages of this Agreement and are, in each instance, subject to the terms and conditions of the Plan. This Agreement may be acknowledged and accepted by Participant by signing, scanning and returning a copy of this page by email. ________________________________ Participant XXXXXXX BUSINESS SERVICES, INC. By ________________________________ Name ________________________________ Its ________________________________ AWARD AGREEMENT Under The Xxxxxxx Business Services, Inc. 2020 Stock Incentive Plan EMPLOYEE RESTRICTED STOCK UNITS (Executive Officer) TERMS AND CONDITIONS
Restriction Periods. (i) 33% of the Awarded Restricted Stock Units shall vest and no longer be subject to forfeiture on the first anniversary of the Grant Date; and
Restriction Periods. Except to the extent otherwise provided in this Agreement, if the Grantee remains continuously an Eligible Person through the end of each applicable Vesting Period, specified below (“Vesting Period”) the restrictions described in Section 2 hereof shall lapse with respect to, and the Grantee shall become incrementally vested in, the respective percentage of his Restricted Stock set forth below adjacent to the respective Vesting Period: Vesting Period Vested Percentage 1/20/04 through 1/20/05 20% 1/21/05 through 1/20/06 20% 1/21/06 through 1/20/07 20% 1/21/07 through 1/20/08 20% 1/21/08 through 1/20/09 20% As provided above, no portion of the Restricted Stock shall be deemed vested prior to January 20, 2005.
