Equity Vesting definition

Equity Vesting means the benefit set forth in Section 2.2(b) of the Plan.
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Equity Vesting means the benefit set forth in Section 2.2(c) below.
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Equity Vesting shall have occurred at any particular time shall be equal to (i) the total number of Option Shares subject to the Option divided by 2,150,000 (as appropriately adjusted for stock splits, stock dividends and the like), (ii) multiplied by (A) the then outstanding number of shares of Common Stock of the Company (1) excluding Management Stock (as defined in the Stockholders' Agreement dated March 28, 2002 among the Company and its stockholders (the "Stockholders' Agreement")) that has not vested as a result of Dollar Vesting (as defined in the Stockholders' Agreement), (2) excluding all Common Stock previously issued pursuant to all Tranche A Options and Tranche B Options and (3) including all shares of Common Stock issuable upon the conversion of outstanding convertible securities, including the conversion of the Series B Preferred calculated on the basis that all shares of Series B Preferred have been converted at the "Conversion Ratio" as defined in the Certificate of Designations for the Series B Preferred Stock and with the conversion of the Series A Preferred calculated on the basis that all shares of Series A Preferred have been converted at the "Conversion Ratio" as defined in the Certificate of Designations for the Series A Preferred Stock, and multiplied by (B) 3.30769%; provided however, that upon the earlier to occur of January 31, 2007 or the occurrence of a Liquidation Event (as defined in the Stockholders' Agreement), a Qualified Public Offering (as defined in the Stockholders' Agreement) or a transaction pursuant to Section 3.10 of the Stockholders' Agreement (each, a "Vesting Termination Event"), there shall be substituted for "2,150,000" in Subsection 3(c)(i) above the sum of the number of shares of Common Stock that may be purchased pursuant to all Tranche B Options granted pursuant to the Plan that remain outstanding immediately prior to the Vesting Termination Event plus the number of shares of Common Stock previously issued upon the exercise of Tranche B Options; and further provided, in no event shall the number of Option Shares for which Equity Vesting has occurred ever exceed the total number of Option Shares set forth in Section 1. The portion of the Option that is not vested as a result of Equity Vesting upon the occurrence of a Vesting Termination Event shall not become exercisable and shall be forfeited and cancelled on the option transfer records of the Company without payment therefor to the Optionee.
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Examples of Equity Vesting in a sentence

  • Executive’s rights to the Severance Benefits (other than the Basic Transition Pay) and to the Equity Vesting are subject to and conditioned upon compliance with such restrictive covenants.


More Definitions of Equity Vesting

Equity Vesting means the benefit set forth in Section 4.2(d) of the Plan.
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Related to Equity Vesting

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Company PSUs means any performance-based restricted stock units of the Company, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Company Restricted Stock Unit means any restricted stock unit award subject to service-based vesting, payable in shares of Company Common Stock or the value of which is determined with reference to the value of shares of Company Common Stock, whether granted under a Company Stock Plan or otherwise.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Company Equity Awards means the Company Options, Company PSUs and Company RSUs.