Examples of Date of Participation in a sentence
Any person who qualifies or will qualify as an Eligible Employee on the Date of Participation with respect to a Participation Period may elect to participate in the Plan for such Participation Period.
If the Participant’s termination date occurs prior to the fifteenth (15th) anniversary of the Participant’s Date of Participation, the Employer and Participant shall continue to pay any premiums due through the fifteenth (15th) anniversary of the Participant’s Date of Participation.
Options granted under the SOP 2015 shall have a term of no more than 10 years from the Date of Participation.
The Vesting Period with respect to a Beneficiary shall commence on the Date of Participation.
During the second, third and fourth years of the Vesting Period following the Date of Participation, the remaining 75% of the options eligible to be vested per Beneficiary shall be vested with that Beneficiary on a monthly pro rata basis (i.e. 2.083% per month).
On the last day of the last calendar month of the first year of the Vesting Period following the Date of Participation, 25 % of the options eligible to be vested per Beneficiary shall be vested automatically with that Beneficiary.
Very truly yours, [NAME OF SELLING LENDER] By Title: EXHIBIT B to EXHIBIT C-2 CONFIDENTIALITY AGREEMENT , [Date of Participation] Marriott International, Inc.
On the last day of the last calendar month of the second year of the Vesting Period following the Date of Participation, 25 % of the options eligible to be vested per Beneficiary shall be vested automatically with that Beneficiary.
Very truly yours, [NAME OF SELLING LENDER] By Title: Address: Agreed and Accepted: , [NAME OF PARTICIPANT] By Title: EXHIBIT A to EXHIBIT C-2 PARTICIPATION CERTIFICATE , [Date of Participation] [Name and Address of Participant] Marriott International, Inc.
Year 3 and Year 4 During the third and fourth year of the Vesting Period following the Date of Participation, the remaining 50 % of the options eligible to be vested per Beneficiary shall be vested with that Beneficiary on a monthly pro rata basis (i.e. 2.083 % per month).