Restriction Period and Vesting Contract Clauses (102)

Grouped Into 5 Collections of Similar Clauses From Business Contracts

This page contains Restriction Period and Vesting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Restriction Period and Vesting. Service-Based Vesting Condition. Except as otherwise provided in this Section 3, the Award shall vest in accordance with the vesting schedule set forth in the Award Notice, provided the Holder continuously serves as a Non-Employee Director through such date. The period of time prior to such vesting shall be referred to herein as the "Restriction Period."3.2. Termination of Service. (a) Death or Disability. If the Holder's service as a Non-Employee Director terminates prior to the end of the Rest...riction Period by reason of the Holder's death or Disability, then in either case, the Award shall be 100% vested upon such termination of service. For purposes of this Award, "Disability" shall mean the Holder's absence from the Holder's duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Holder's incapacity due to physical or mental illness. (b) Termination of Service other than due to Death or Disability. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period or prior to the occurrence of a Change in Control for any reason other than due to death or Disability, then the Award shall be immediately forfeited by the Holder and cancelled by the Company unless otherwise determined by the Board in connection with such termination. 3.3. Change in Control. Upon a Change in Control, the Restriction Period shall lapse and the Award shall become fully vested. View More
Found in CDW contract
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Restriction Period and Vesting. Service-Based Vesting Condition. Except as otherwise provided in this Section 3, the Award shall vest in accordance with the vesting schedule set forth in the Award Notice, provided the Holder continuously serves as a Non-Employee Director through such date. The period of time prior to such vesting shall be referred to herein as the "Restriction Period."3.2. Termination of Service. (a) Death or Disability. If the Holder's service as a Non-Employee Director terminates prior to the end of the Rest...riction Period by reason of the Holder's death or Disability, then in either case, the Award shall be 100% vested upon such termination of service. For purposes of this Award, "Disability" shall mean the Holder's absence from the Holder's duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Holder's incapacity due to physical or mental illness. (b) Failure to Stand for Re-election. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period by reason of the Holder's failure to be nominated or otherwise stand for re-election to the Board at an annual meeting of the Company that occurs during the Restriction Period, then a prorated portion of the Award shall become vested as of the date of the annual meeting on which the Holder's service on the Board ceases, determined by multiplying the number of Shares subject to the Award by a fraction, the numerator of which shall be the number of days from the Grant Date until the date on which the Holder's service on the Board ceases and the denominator of which shall be 365. (c) Termination of Service other than due to Death or Disability. Disability or Failure to Stand for Re-Election. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period or prior to the occurrence of a Change in Control for any reason other than due to death death, Disability or Disability, failure to be nominated or otherwise stand for re-election to the Board, then the Award shall be immediately forfeited by the Holder and cancelled by the Company unless otherwise determined by the Board in connection with such termination. 3.3. Change in Control. Upon a Change in Control, the Restriction Period shall lapse and the Award shall become fully vested. View More
Found in CDW contract
Restriction Period and Vesting. 3.1. Service-Based Vesting Condition. Except as otherwise provided in this Section 3, the Award shall vest in accordance with the vesting schedule set forth in the Award Notice, provided the Holder continuously serves as a Non-Employee Director through such vesting date. The period of time prior to such vesting shall be referred to herein as the "Restriction Period."3.2. Termination of Service. (a) Death or Disability. Period." If the Holder's service as a Non-Employee Director terminates prior ...to the end of the Restriction Period by reason of the Holder's death or Disability, then in either case, the Award shall be 100% vested upon such termination of service. For purposes of this Award, "Disability" shall mean the Holder's absence from the Holder's duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Holder's incapacity due to physical or mental illness. (b) Termination of Service other than due to Death or Disability. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period or prior to the occurrence of a Change in Control for any reason other than due to death or Disability, then reason, then, except as otherwise determined by the Company, the unvested portion of the Award shall be immediately forfeited by the Holder and cancelled by the Company unless otherwise determined by the Board in connection with such termination. 3.3. Company. 3.2. Change in Control. Upon a Change in Control, the Restriction Period shall lapse and the Award shall become fully vested. View More
Found in Tricida, Inc. contract
Restriction Period and Vesting. 3.1. Service-Based Vesting Condition. Except as otherwise provided in this Section 3, the Award shall vest in accordance with full on the vesting schedule set forth in earlier to occur of (a) the Award Notice, [ ] anniversary of the Grant Date and (b) the [ ] annual meeting of the Company's shareholders that occurs after the Grant Date, provided the Holder continuously serves as a Non-Employee Director through such the applicable vesting date. The period of time prior to such the vesting shall b...e referred to herein as the "Restriction Period."3.2. Termination of Service. (a) Period." 3.2. Death or Disability. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period by reason of the Holder's death or Disability, Disability (as defined herein), then in either case, a pro-rata portion of the Award shall be 100% vested vest upon such termination of service. For purposes of this Award, "Disability" the foregoing sentence, a "pro-rata portion" shall mean the Holder's absence from product of (x) the Holder's duties with number of shares subject to the Company on Award and (y) a full-time basis for at least 180 consecutive fraction, the numerator of which is the number of days as a result that have elapsed since the Grant Date through the date of termination of the Holder's incapacity service due to physical death or mental illness. (b) Disability, and the denominator of which is 365. The portion of the Award that does not vest in connection with such termination of service shall be immediately forfeited and cancelled by the Company. For purposes of this Agreement, "Disability" shall be as defined in U.S. Treasury Regulation §1.409A-3(i)(4). 3.3. Change in Control. Upon a Change in Control Event (as defined herein), the Restriction Period shall lapse and the Award shall become fully vested. For purposes of this Agreement, "Change in Control Event" shall be as defined in U.S. Treasury Regulation §1.409A-3(i)(5). 3.4. Termination of Service other than due to Death or Disability. Service. If the Holder's service as a Non-Employee Director terminates prior to the end of the Restriction Period or prior to the occurrence of a Change in Control Event for any reason other than due to death or Disability, then the Award shall be immediately forfeited by the Holder and cancelled by the Company unless otherwise determined by the Board in connection with such termination. 3.3. Change in Control. Upon a Change in Control, the Restriction Period shall lapse and the Award shall become fully vested. Company. View More
Found in Navigant Consulting, Inc. contract
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Restriction Period and Vesting. 3.1.Performance-Based Vesting Conditions. 3.2.Termination of Employment (a)Death or Disability. 3.3.Change in Control. 3.4.Definitions.
Found in Great Lakes Dredge & Dock CORP contract
Restriction Period and Vesting. 3.1.Performance-Based Vesting 3.1.Vesting Conditions. 3.2.Termination of Employment (a)Death or Disability. 3.3.Change in Control. 3.4.Definitions.
Found in Great Lakes Dredge & Dock CORP contract
Restriction Period and Vesting. 3.1.Performance-Based Vesting Conditions. 3.2.Termination of Employment (a)Death (a)Termination due to Retirement, Death or Disability. 3.3.Change in Control. 3.4.Definitions.
Found in CDW contract
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Restriction Period and Vesting. 3.1.Service-Based Vesting Condition. 3.2.1.Termination as a Result of Holder's Death or Disability. 3.2.2.Termination for any Reason other than Death or Disability. 3.2.3.Change in Control. 3.2.4.Disability. 3.3.5.Cause.
Found in BROADWIND ENERGY, INC. contract
Restriction Period and Vesting. 3.1.Service-Based 3.1Service-Based Vesting Condition. 3.2.1.Termination as a Result of Holder's Retirement, Death or Disability. 3.2.2.Termination for any Reason other than Retirement, Death or Disability. 3.2.3.Change in Control. 3.2.4.Disability. 3.3.5.Cause. 3.2.5.Cause.
Found in BROADWIND ENERGY, INC. contract
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Restriction Period and Vesting. (a)The Units shall vest and the restrictions shall lapse as follows: (i) 25% of the Units shall vest and restrictions shall lapse on each anniversary of the grant date (the "Vesting Dates") until the Units are fully vested, or (ii) earlier pursuant to this Agreement or in accordance with Section 6.8 of the Plan (the "Restriction Period"). As used herein, the term "vest" shall mean no longer subject to a substantial risk of forfeiture. (b)If, prior to the end of the Restriction Period, the Holder...'s employment with the Company terminates by reason of death or Disability, the Units that are then unvested shall vest in full, and restrictions shall lapse, as of the date of such termination. If, after twelve months of service have been rendered and prior to the end of the Restriction Period, the Holder's employment with the Company terminates by reason of Retirement, the portion of the Award that is then unvested shall continue to vest after the date of such termination as if the Holder's employment with the Company continued until the end of the Restriction Period. (c)If, prior to the end of the Restriction Period, the Holder's employment with the Company terminates for any reason other than death or Disability, or Retirement, the Units that are then unvested as of the effective date of the Holder's termination of employment shall be forfeited by the Holder and such portion shall be cancelled by the Company. (d)In the event of a Change in Control, as defined in the Plan, the Units shall immediately vest in full and the restrictions shall lapse as provided in Section 6.8 of the Plan; provided, however, that in the event that (i) the Units constitute the payment of nonqualified deferred compensation within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) the Change in Control does not constitute a "change in control event' within the meaning of Section 409A of the Code, the Units shall not immediately vest upon such Change in Control, but instead shall vest and be payable in accordance with the vesting schedule set forth in clause (i) of Section 1(a) hereof, or earlier pursuant to Section 1(b) hereof. View More
Found in Owens Corning contract
Restriction Period and Vesting. (a)The Units (a) The Award shall vest and the restrictions shall lapse as follows: (i) 25% of the Units Award shall vest and restrictions shall lapse on each anniversary of the grant date (the "Vesting Dates") until the Units are award is fully vested, or (ii) earlier pursuant to this Agreement or in accordance with Section 6.8 of the Plan (the "Restriction Period"). As used herein, the term "vest" shall mean no longer subject to a substantial risk of forfeiture. (b)If, (b) If, prior to the end ...of the Restriction Period, the Holder's employment with the Company terminates by reason of death or Disability, the Units portion of the Award that are is then unvested shall vest in full, and restrictions shall lapse, as of the date of such termination. (c) If, after twelve months of service have been rendered and prior to the end of the Restriction Period, the Holder's employment with the Company terminates by reason of Retirement, the portion of the Award that is then unvested shall continue to vest after the date of such termination as if the Holder's employment with the Company continued until the end of the Restriction Period. (c)If, prior to the end of the Restriction Period, the Holder's employment with the Company terminates for any reason other than death or Disability, or Retirement, the Units that are then unvested portion of the Award which is not vested as of the effective date of the Holder's termination of employment shall be forfeited by the Holder and such portion shall be cancelled by the Company. (d)In (d) In the event of a Change in Control, as defined in the Plan, the Units Award shall immediately vest in full and the restrictions shall lapse as provided in Section 6.8 of the Plan; provided, however, that in the event that (i) the Units constitute the payment of nonqualified deferred compensation within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) the Change in Control does not constitute a "change in control event' within the meaning of Section 409A of the Code, the Units shall not immediately vest upon such Change in Control, but instead shall vest and be payable in accordance with the vesting schedule set forth in clause (i) of Section 1(a) hereof, or earlier pursuant to Section 1(b) hereof. Plan. View More
Found in Owens Corning contract
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Restriction Period and Vesting. 3.1Service-Based Vesting. 3.2Termination due to Death or Disability. 3.3Qualifying Retirement. 3.5Change in Control.
Found in Pulte Homes Inc. contract
Restriction Period and Vesting. 3.1Service-Based 3.1 Service-Based Vesting. 3.2Termination 3.2 Termination due to Death or Disability. 3.3Qualifying 3.3 Qualifying Retirement. 3.5Change in Control.
Found in Pulte Homes Inc. contract
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