Vesting of Awards. For purposes of this Section 4.3, Incentive Awards will vest 20% per year from the date the award was declared. The interest credited to each Incentive Award will also vest 20% per year from the date the award was declared.
Appears in 7 contracts
Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)
Vesting of Awards. For purposes of this Section 4.3, Incentive Awards will vest 20% per year from commencing with the date the award was declared. The interest credited to each Incentive Award will also vest 20% per year from the date the award was declared.
Appears in 5 contracts
Samples: Incentive Retirement Agreement (First Litchfield Financial Corp), Agreement (First Litchfield Financial Corp), Incentive Retirement Agreement (First Litchfield Financial Corp)
Vesting of Awards. For purposes of this Section 4.3, Incentive Awards will vest 20% per year from the date the award was declared. The interest Interest credited to each Incentive Award will also vest 20% per year from the date the award was declared.
Appears in 4 contracts
Samples: Incentive Retirement Agreement (First Litchfield Financial Corp), Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)
Vesting of Awards. For purposes of this Section 4.3, Incentive Awards will vest 20% per year from upon declaration of the date the award was declared. The interest credited to each Incentive Award will also vest and 20% per year thereafter from the date the award was declared.
Appears in 1 contract
Samples: Incentive Retirement Agreement (First Litchfield Financial Corp)
