Common use of Vesting Clause in Contracts

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier of (i) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 10 contracts

Samples: Restricted Stock Grant Agreement (Baltic Trading LTD), Director Restricted Stock Grant Agreement (Genco Shipping & Trading LTD), Director Restricted Stock Grant Agreement (Baltic Trading LTD)

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Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) August 9, 2012, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 6 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 14, 2010, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).in

Appears in 6 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 13, 2011, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).in

Appears in 6 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI), Restricted Stock Grant Agreement (General Maritime Corp / MI)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 18, 2007, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 5 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 14, 2009, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp / MI)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) June 29, 2008, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) June 29, 2008, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 14, 2009, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (General Maritime Corp/), Restricted Stock Grant Agreement (General Maritime Corp/)

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) July 22, 2006, (ii) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Director Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

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Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) February 13, 2009, (ii) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Director Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) February 8, 2008, (ii) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

Vesting. Subject to the further provisions provision of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) May 14, 2009, (ii) the date of the next annual shareholders meeting of the Company next following to follow the date hereof (the “Annual Meeting Date”) and (ii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).in

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (General Maritime Corp / MI)

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) July 24, 2009, (ii) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Director Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) July 24, 2010, (ii) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Director Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

Vesting. Subject to the further provisions of this Agreement, the Restricted Stock shall vest on the earlier earliest of (i) Xxxxx 00, 0000, (xx) the date of the annual shareholders meeting of the Company next following the date hereof (the “Annual Meeting Date”) and (iiiii) the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence (each such date, the “Vesting Date”).

Appears in 1 contract

Samples: Director Restricted Stock Grant Agreement (Baltic Trading LTD)

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