Vesting of the Shares. (a) Twenty-five percent (25%) of the Shares automatically shall vest in Grantee on each of the first four (4) anniversaries of the Award Date (each such anniversary being referred to herein as a “Vesting Date”); provided, however, that no Shares shall vest in Grantee on a particular Vesting Date unless Grantee has been continuously employed by the Company from the Award Date until such Vesting Date. For purposes of this Agreement, in the context of employment of Grantee, the term “Company” shall include a Subsidiary (as defined in the Plan) if Grantee is then employed by a Subsidiary; provided, however, that neither a transfer of Grantee from the employ of the Company to the employ of a Subsidiary nor the transfer of Grantee from the employ of a Subsidiary to the employ of the Company or another Subsidiary shall be deemed to be a Termination of Employment of Grantee.
Vesting of the Shares. (a) One-third of the Shares covered by this agreement, shall become nonforfeitable on the third, fourth and fifth anniversaries of the Date of Grant (so that 100% of the Shares will be nonforfeitable on the fifth anniversary of the Date of Grant), subject to the Employee remaining in the continuous employ of the Company or a subsidiary during the applicable vesting period. For the purposes of this agreement: "
Vesting of the Shares. The Participant’s interest in the Restricted Stock Units shall vest and become non-forfeitable on the dates set forth above, each such date a “Vesting Date”, provided the Participant remains in continuous service with the Company or an Affiliate of the Company through the applicable Vesting Date. If the Participant’s service with the Company or an Affiliate is terminated prior to the applicable Vesting Date, any Restricted Stock Units that remain unvested as of the date of such termination shall be forfeited.
Vesting of the Shares. (a) The Shares covered by this agreement, irrespective of the date originally issued to the Trustee for Employee's benefit, shall become nonforfeitable as follows:
Vesting of the Shares. Subject to earlier expiration or termination as provided herein, the Shares will become vested and nonforfeitable as follows:
Vesting of the Shares. (a) The Shares automatically shall vest in Grantee on the first anniversary of the Award Date (such anniversary being referred to herein as the “Vesting Date”); provided, however, that no Shares shall vest in Grantee on the Vesting Date unless Grantee has been continuously employed by the Company from the Award Date until the Vesting Date. For purposes of this Agreement, in the context of employment of Grantee, the term “Company” shall include a Subsidiary (as defined in the Plan) if Grantee is then employed by a Subsidiary; provided, however, that neither a transfer of Grantee from the employ of the Company to the employ of a Subsidiary nor the transfer of Grantee from the employ of a Subsidiary to the employ of the Company or another Subsidiary shall be deemed to be a Termination of Employment of Grantee.
Vesting of the Shares. On each of September 30, 1999 and the last day of each of the seven calendar quarters thereafter and provided that Purchaser has not then terminated his continuous employment with the Company, 12,500 Shares shall vest and no longer be subject to the Lapsing Repurchase Right; provided, however, that in the event that at any time before the Shares are fully vested the Company terminates Purchaser's employment for any reason other than "for cause" (as defined in Section 6.1(d)) or Purchaser terminates his employment for "good reason" (as defined in Section 6.1(e)), all of the unvested Shares shall on the date of termination of Purchaser's employment with the Company vest and no longer be subject to the Lapsing Repurchase Right.
Vesting of the Shares. (a) 10% of the Shares shall become vested as of the last day of each fiscal year of the Company (the "Fiscal Year End Date") from fiscal 1998 through fiscal 2002 and 16.66% of the Shares shall become vested as of the Fiscal Year End Date of each of fiscal 2003, 2004 and 2005, subject to the earlier vesting of ETA Stock as described below. All Shares (in excess of the Shares scheduled to vest in any such year) which vests as ETA Stock under Section 2(b) will reduce in inverse order the Shares scheduled to vest, beginning with the Fiscal Year End Date in fiscal 2005.
Vesting of the Shares. [13] ORDERS AND DECLARES that upon the issuance of the Monitor's certificate substantially in the form appended as Schedule "A" hereto (the “Monitor’s Certificate”), all the Vendors’ right, title and interest in and to the Shares shall vest absolutely and exclusively in and with the Purchaser as set out in paragraph [1] of the Monitor’s Certificate (the “Purchaser”), free and clear of and from any and all rights, titles, benefits, priorities, claims (including claims provable in bankruptcy in the event that the Vendors should be adjudged bankrupt), liabilities (including, with respect to any person, any liability, debt, dues, guarantee, surety, indemnity obligation, or other obligation of such person of any kind, character or description, whether legal, beneficial or equitable, known or unknown, present or future, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, direct or indirect, secured or unsecured, joint or several, due or to become due or accruing due, vested or unvested, executory, determined, determinable or otherwise, and whether or not the same is required to be accrued on the financial statements of such person (collectively, the “Liabilities”), obligations, interests, prior claims, security interests (whether contractual, statutory or otherwise), liens, charges, hypothecs, mortgages, pledges, trusts, deemed trusts (whether contractual, statutory, or otherwise), assignments, judgments, executions, writs of seizure or execution, notices of sale, options, agreements, rights of distress, legal, equitable or contractual setoff, adverse claims, levies, taxes, disputes, charges, options to purchase, rights of first refusal or other pre-emptive rights in favour of third parties, restrictions on transfer of title, or other claims or encumbrances, whether or not they have attached or been perfected, registered, published or filed and whether secured, unsecured or otherwise (collectively, the "Encumbrances"), including without limiting the generality of the foregoing (i) all Encumbrances created by order of this Court, and (ii) all charges, security interests or charges evidenced by registration, publication or filing pursuant to the Newfoundland and Labrador Personal Property Security Act, or any other applicable legislation providing for a security interest in personal or movable property.
Vesting of the Shares. Subject to the provisions of Paragraphs 3 and 4 of this Agreement, the Shares shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Unrestricted Stock”) as follows:
