Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below).

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (ZAIS Group Holdings, Inc.), Restricted Stock Units Agreement (Chipotle Mexican Grill Inc), Restricted Stock Units Agreement (Chipotle Mexican Grill Inc)

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Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, (i) 50% of the total RSUs subject to this award will vest on each Vesting Date indicated above, with 100% of the unvested RSUs vesting on the 3rd anniversary of the Grant Date and (ii) notwithstanding the provisions of sub-clause (i), any then-unvested RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below); provided that in each case the Participant remains continuously employed by the Company from the Grant Date until the Vesting Date or Accelerated Vesting Date, as applicable.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Chipotle Mexican Grill Inc), Restricted Stock Units Agreement (Chipotle Mexican Grill Inc)

Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below)Date.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Chipotle Mexican Grill Inc)

Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of continuously employed by the Board Company from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below).

Appears in 1 contract

Samples: Promotion Restricted Stock Units Agreement (Chipotle Mexican Grill Inc)

Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, (i) one-third of the total RSUs subject to this award will vest on each Vesting Date indicated above, with 100% of the unvested RSUs vesting on the 3rd anniversary of the Grant Date, and (ii) notwithstanding the provisions of sub-clause (i), any then-unvested RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below); provided that in each case the Participant remains continuously employed by the Company from the Grant Date until the Vesting Date or Accelerated Vesting Date, as applicable.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Chipotle Mexican Grill Inc)

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Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board of Directors of the Company from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below)Date.

Appears in 1 contract

Samples: Units Agreement (Chipotle Mexican Grill Inc)

Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the Vesting Date indicated above or upon the Accelerated Vested Date (as defined hereinin Section 3(b) below) provided the Participant remains in continuous service as employed by the Company or a member of the Board Subsidiary from the Grant Date until the respective Vesting Date or Accelerated Vesting Date (as defined in Section 3(b) below)Date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (KAMAN Corp)

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