Restricted Period Vesting Clause Example with 15 Variations from Business Contracts

Restricted Period Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the "Restricted Period". 3.2 The ...foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her Restricted Stock has vested, the Grantee's unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 Unless otherwise determined by The foregoing vesting schedule notwithstanding, upon the Committee at the time occurrence of a Change in Control, a 100% of the unvested Restricted Stock shall vest as of the date of the Change in Control shall have no effect on Control. 1 4. Restrictions. Subject to any exceptions set forth in this Agreement or the Plan, during the Restricted Stock. Period, the Restricted Stock or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock or the rights relating thereto during the Restricted Period shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be forfeited by the Grantee and all of the Grantee's rights to such shares shall immediately terminate without any payment or consideration by the Company. View More

Restricted Period Vesting. 3.1 3.1. Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in Schedule I have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VE...ST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the "Restricted Period". 3.2 3.2. The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her Restricted Stock has vested, vested other than death or retirement (in the case of a Director), termination of the Grantee's Continuous Service is terminated by the Company or an Affiliate for Disability, the Grantee's unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 Unless otherwise determined 3.3. The foregoing vesting schedule notwithstanding, in the event of the Grantee's death or if the Grantee's Continuous Service is terminated by the Committee at Company or an Affiliate for Disability, 100% of the time unvested Restricted Stock shall vest as of a Change in Control, a Change in Control the date of such termination. 3.4. The foregoing vesting schedule notwithstanding, if the Grantee is an Outside Director, 100% of the unvested Restricted Stock shall have no effect vest on the Restricted Stock. Grantee's attainment of mandatory retirement age for members of the Board, if any. View More

Restricted Period Vesting. 3.1 Except as otherwise provided herein, in this Agreement, provided that the Grantee remains in Continuous Service continuously employed with the Company through the applicable vesting date, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Restricted Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCE...NTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Grantee's Restricted Stock vests is referred to as the "Restricted Period". 3.2 Period." The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her Restricted Stock has vested, the Grantee's unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service if the Grantee's employment terminates prior to the applicable vesting date, and neither the Company nor any Affiliate affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 Unless otherwise determined by the Committee at the time of a Change in Control, a Change in Control shall have no effect on the Restricted Stock. View More

Restricted Period Vesting. 3.1 3.1. Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in Schedule I have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VE...ST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the "Restricted Period". 3.2 3.2. The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates for any reason at any time before all of his or her Restricted Stock has vested, vested other than death or retirement (in the case of a Director), termination of the Grantee's Continuous Service is terminated by the Company or an Affiliate for Disability, the Grantee's unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 Unless otherwise determined 3.3. The foregoing vesting schedule notwithstanding, in the event of the Grantee's death or if the Grantee's Continuous Service is terminated by the Committee at Company or an Affiliate for Disability, 100% of the time unvested Restricted Stock shall vest as of a Change in Control, a Change in Control shall have no effect on the Restricted Stock. date of such termination. View More

Restricted Period Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through has not incurred a Termination as of the applicable vesting date, date[, and further provided that any additional conditions and performance goals set forth in Schedule I (attached hereto) have been satisfied], the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DA...TE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the "Restricted Period". Period." 3.2 The foregoing vesting schedule notwithstanding, if upon the Grantee's Continuous Service terminates Termination for any reason at any time before all of his or her Restricted Stock has vested, the Grantee's unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service Termination and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 Unless otherwise determined by the Committee at the time of a Change in Control, a Change in Control shall have no effect on the Restricted Stock. View More