Vesting definition

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 or “Vested”) in accordance with Section 5 of this Agreement.

Vesting in relation to an Option, means an Option becoming exercisable and in relation to a Conditional Award, means a Participant becoming entitled to have the Shares transferred to him subject to the Plan.

Examples of Vesting in a sentence

• Unless the Board determines otherwise or the Grant Agreement provides otherwise, if your employment or service with the Company terminates for any reason before your PRSU is Vested, then you will forfeit the PRSU (and the Shares to which they relate) to the extent that the PRSU does not otherwise vest on or after your termination, pursuant to the rules in the Vesting Schedule section.

• Due to fluctuations in the Share price and/or applicable exchange rates between the date the Shares are delivered to the Participant and (if later) the date on which the Shares are sold, the amount of proceeds ultimately distributed to the Participant may be more or less than the market value of the Shares on the Vesting Date or the date the shares are delivered to the Participant.

• Subject to any exceptions set forth in this Agreement or the Plan, until your 2024 RSUs are settled in accordance with Section 1 (Vesting and Settlement) of this Agreement, you may not sell, transfer or encumber your 2024 RSUs (or any rights relating to your 2024 RSU) in any way.

• RSU Award Information Grant Date Number of RSUs Granted Vesting Date Settlement of RSU Award March 1, 2024 56,250 March 1, 2027 Awards are settled by delivery of one share of Common Stock foreach RSU being settled.

• Accordingly, Battle North and its successor Landowners have and may rely on the Vested Property Rights during the Vesting Period.

More Definitions of Vesting

Vesting means the process by which the Grantee becomes entitled to receive the benefit of a grant made to him under the Scheme.

Vesting or “Vested”) in accordance with Section 3 and Section 4 of this Agreement.

Vesting means earning by the Option Grantee, of the right to Exercise the Options granted to him in pursuance of the ESOP 2021.

Vesting means the process by which the eligible Employee is given the right to apply for Shares of the Company against the Option granted to him in pursuance of this Scheme.

Vesting means the process by which the employee becomes entitled to receive the benefit of a grant made to him under any of the schemes;

Vesting means that portion of the Restricted Stock Units that are paid and transferred to Employee in shares of Stock and as to which Employee has acquired a non-forfeitable right in accordance with the vesting schedule in Section B.2.

Vesting. A Options: 1/3 of the total number of Equity Units subject to the Initial Grant shall vest ratably (25% a year) on each of the first through fourth anniversaries of the date of grant ("A Options"), provided the Executive is in the employ of the Company on each such date. If there is a Change in Control (as defined in Schedule D to the Employment Agreement) prior to the fourth anniversary of the date of grant, and the Executive is still in the employ of the Company, all unvested A Options shall vest.