Vesting and Forfeiture Contract Clauses (201)

Vesting and Forfeiture. (a) While you remain employed by, or engaged to provide services on an individual basis to, the Company, of the RSUs will vest on and of the RSUs will vest on . The date upon which any of the RSUs vest will be considered a "Vesting Date" for the RSUs that vest on that date. Any fractional Shares that would otherwise vest as of a particular date will be rounded down and carried forward to the next Vesting Date until a whole Share can be issued. (b) Absent any contrary provision in the Plan or any... other applicable plan or agreement, if you cease to be employed by, or engaged to provide services on an individual basis to, the Company for any reason or no reason, you will immediately and automatically forfeit all rights to any of your RSUs that have Vesting Dates after the date your employment or other service providing relationship with the Company ends. View More

Vesting and Forfeiture. Subject to the terms and conditions set forth in the Plan and this Agreement, the Restricted Stock Units shall vest as follows: (a) General. Twenty-five percent (25%) of the Restricted Stock Units shall vest on the first anniversary of the Date of Grant, and the remaining seventy-five percent (75%) of the Restricted Stock Units shall vest in substantially equal installments at the end of each three-month period measured from the first anniversary of the Date of Grant (each, a "Vesting Date") for... a period of thirty-six (36) months, subject to the Participant's continued Service through the applicable Vesting Date. (b) Termination of Service; Breach. Except as set forth in Section 11.3 of the Plan, upon termination of a Participant's Service for any reason or no reason, any then unvested Restricted Stock Units will be forfeited immediately, automatically and without consideration. If the Participant breaches Section 4, Section 5, or any other restrictive covenant with the Company or its Affiliate, any vested or unvested Restricted Stock Units will be forfeited immediately, automatically and without consideration. View More

Vesting and Forfeiture. (a) So long as the Employee continues to be employed by the Company or its Subsidiaries, the Restricted Stock shall become vested and non-forfeitable upon the earliest to occur of (i) (the "Vesting Date"), or (ii) subject to the Committee's right to declare, pursuant to Section 9.2(c) of the Plan, that the Restricted Stock shall not become immediately vested upon a Change in Control in which the successor company assumes the Restricted Stock Award, the occurrence of a Change in Control. (b) If E...mployee terminates employment for any reason, Employee's right to shares of Common Stock subject to the Restricted Stock Award that are not yet vested automatically shall terminate and be forfeited by Employee unless the Committee, in the exercise of its authority under the Plan, modifies the Vesting Date in connection with such termination. View More

Vesting and Forfeiture. (a) The Committee has determined that the Vesting Date for the Units (together with associated Service-Based Units received as dividend equivalents or in accordance with Section 4.3 of the Plan) shall be December 31, 2019, subject to Sections 6.1, 6.2 and 6.3 of the Plan. Vesting, payment and forfeiture of such Units shall otherwise be determined in accordance with the Plan. (b) For purposes of Section 6.2(b) of the Plan, if Participant's Service as an Employee terminates due to Retirement or an... Involuntary Termination Without Cause prior to the Vesting Date, (i) one-third of the Units shall be deemed to have Vested if termination occurred on or after the one-year anniversary of the Grant Date and before the two-year anniversary, and (ii) two-thirds of the Units shall be deemed to have Vested if termination occurred on or after the two-year anniversary of the Grant Date and before the Vesting Date.3. Participant's Employment by the Company. Nothing contained in this Agreement (a) obligates Participant's employer to employ the Participant in any capacity whatsoever or (b) prohibits or restricts Fortis, the Company or any Subsidiary from terminating the employment of the Participant at any time or for any reason whatsoever, with or without Cause, and the Participant hereby acknowledges and agrees that no one has made any representations or promises whatsoever to the Participant concerning the Participant's employment or continued employment. View More

Vesting and Forfeiture. (a) So long as the Employee continues to be employed by the Company or its Subsidiaries, the Performance Shares shall become vested and non-forfeitable upon the earliest to occur of (i) the date on which the Company reports quarterly net sales if net sales for the four consecutive calendar quarters including the quarter then being reported total at least $100,000,000, (ii) the date on which the market capitalization of the Company (based on the reported closing price of the Common Stock on the S...tock Exchange and the total number of shares of the Common Stock issued and outstanding) has been greater than $600,000,000 for ten consecutive trading days, (iii) the one year anniversary of the date the Centers for Medicare & Medicaid Services assign the Company transitional add on reimbursement payment status for the drug product, Triferic®, and (iv) subject to the Committee's right to declare, pursuant to Section 4822-3619-6422.2101129\000001 9.2(c) of the Plan, that the Performance Shares shall not become immediately vested upon a Change in Control in which the successor company assumes the Award, the occurrence of a Change in Control (the earliest to occur of any of the foregoing conditions in (i) through (iv) is referred to herein as the "Vesting Date"). Notwithstanding the foregoing, if the Performance Shares vest pursuant to clauses (i), (ii) or (iii) of this Section 2(a), and such Vesting Date occurs during a trading blackout period under the Company's insider trading policy as then in effect, the Vesting Date shall instead be the second day after such trading blackout period is no longer in effect. (b) If Employee's employment is terminated prior to the Vesting Date for any reason, Employee's right to shares of Common Stock subject to the Award that are not yet vested automatically shall terminate and be forfeited by Employee unless the Committee, in the exercise of its authority under the Plan, modifies the Vesting Date in connection with such termination. View More