Vesting Dates Contract Clauses (81)

Vesting Dates. On the second anniversary of the Grant Date (such second anniversary, the "Vesting Date"), the Grantee shall vest in the number of PSUs earned based on the Grantee's actual performance during the Performance Cycle relative to each performance metric, provided that the Grantee has remained in continuous employment with the Company from the Grant Date through such date and has accepted and agreed to all terms and conditions in this agreement. In the event of a Change in Control, vesting of PSUs, i...f any, shall be determined in accordance with paragraph 15 of the EICP. In accordance with paragraph 15 of the EICP, if the PSUs are assumed or replaced, or remain outstanding, such that the PSUs as assumed, replaced or continued qualify as a Replacement Award under paragraph 15 of the EICP, the occurrence of the Change in Control shall not affect the vesting or payment of the PSUs which shall then constitute a Replaced Award as defined in the EICP. However, if within two (2) years following the Change in Control and prior to the Vesting Date, Grantee's employment is terminated by the Company for any reason other than for Cause (as defined in the EICP), by the Grantee for Good Reason (as defined in the EICP), as a result of Grantee 's death or as a result of Grantee becoming Disabled, the Grantee 2 shall immediately vest in the Replacement Award upon such termination based on the provisions of The Hershey Company Executive Benefits Protection Plan ("EBPP") applicable to Grantee. Notwithstanding the foregoing, if the Committee determines that the PSUs are not replaced in connection with a Change in Control with awards meeting the requirements for Replacement Awards, the Grantee shall vest in the PSUs and receive payment in accordance with the provisions of the EBPP applicable to Grantee. If prior to the Vesting Date, the Grantee's employment with the Company terminates for any reason, then the PSUs subject to this Notice of Special Award shall terminate and be completely forfeited on the date of such termination of the Grantee's employment unless the Grantee is entitled to vesting with respect to the PSUs under the terms of the EICP or other Company-sponsored plan or agreement or as described in this paragraph 3 relating to a Change in Control, paragraph 4 below relating to special vesting conditions or paragraph 13(G) below relating to Foreign Nationals, in which case such vesting of the PSUs will be in accordance with the terms of this Notice of Special Award or the applicable plan, agreement or local law. Notwithstanding anything in the EICP or this Notice of Special Award to the contrary, if the Grantee is terminated for Cause (as defined in the EICP) from the Company prior to payment pursuant to paragraph 6, all of the PSUs will immediately and automatically without any action on the part of the Grantee or the Company, be forfeited by the Grantee. View More

Vesting Dates. The Option shall vest as follows, provided the Grantee remains in Service (defined in Paragraph 9, below) through the specified vesting date: 1/3 of the Option on the first anniversary of the Grant Date; 1/3 of the Option on the second anniversary of the Grant Date; and 1/3 of the Option on the third anniversary of the Grant Date. In addition, upon Grantee's termination of Service for any of the following reasons, the unvested portion of the Option shall vest as indicated: (a) 100% as of the dat...e of Grantee's death; or (b) 100% as of the date of Grantee's termination of Service on account of Total Disability (defined in Paragraph 9, below); or (c) 100% as of the date of Grantee's involuntary termination of Service other than for Cause, within two (2) years after a Change of Control pursuant to the definition in effect on the day immediately preceding such Change of Control; or (d) Pro-rata as of the date Grantee Retires (defined in Paragraph 9, below); except that if Grantee Retires at age 62 or older, the Option shall be 100% vested as of that date. An Option that vests pro-rata upon the event described in Subparagraph 2(d) above shall vest according to a pro-ration formula equal to the total number of days of Service that Grantee provides during the applicable Vesting Period (defined below), divided by the number of days in Page 1 the applicable Vesting Period in which the event described in Subparagraph 2(d) occurs, multiplied by the number of Shares subject to the Option that may vest during the applicable Vesting Period (rounding up to the nearest whole Share). For purposes of pro-rating, the applicable "Vesting Period" is the one-year period between the Grant Date and first anniversary of the Grant Date during which a portion of the Option vests, or the one-year period between anniversaries of the Grant Date during which a portion of the Option vests. Except as provided above, any portion of the Option that is unvested upon Grantee's termination of Service shall be deemed forfeited immediately following termination. View More

Vesting Dates. Subject to Paragraph 6, the restrictions applicable to the Restricted Stock will lapse on <>, which shall be the last day of the Restriction Period.

Found in Chico's FAS, Inc. contract

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Vesting Dates. Subject to Paragraph 6, the restrictions applicable to the Restricted Stock will lapse on <DATE>>, DATE>> (the "Vesting Date"), which shall be the last day of the Restriction Period.

Found in Chico's FAS, Inc. contract

View Variations (2)

Vesting Dates. a. Subject to Paragraph 5, if the Performance Goal set forth in Section 4(b) has been met as of the end of the Initial Performance Period or, if applicable, the end of the Extended Performance Period ending December 31, 20[ ] (as such terms are defined below), the shares of Performance-Based Restricted Stock subject to this Agreement shall vest as follows: [in full on the 5th anniversary of the date of grant OR 50% on the anniversary of the grant date immediately following the end of performance... period in which the Performance Goal is met and 50% on the 5th anniversary of the date of grant]. If the Performance Goal set forth in Section 4(b) has been met as of the end of an Extended Performance Period ending December 31, 20[ ] or after, the shares of Performance-Based Restricted Stock subject to this Agreement shall vest in full on the anniversary of the grant date immediately following the end of such performance period. Notwithstanding the above, no shares shall vest unless and until the Compensation Committee (the "Committee") has made the certification required by Paragraph 4(d).b. Except as otherwise provided in this Agreement, the Performance-Based Restricted Stock shall not vest as of the vesting dates set forth in Paragraph 4(a) unless the Company's return on invested capital for the three-year period beginning January 1, 20[ ] through December 31, 20[ ] (the "Initial Performance Period") equals or exceeds [10%] (the "Performance Goal"). If the Performance Goal is not met as of the end of the Initial Performance Period, the Initial Performance Period will be extended for additional one-year periods (each, an "Extended Performance Period"), until the earlier of (i) the end of the Extended Performance Period during which the Performance Goal has been met, or (ii) December 31, 20[ ]. If the Performance Goal is not met as of the end of the Extended Performance Period ending December 31, 20[ ], then all shares of Performance-Based Restricted Stock will be immediately forfeited and canceled. c. For purposes of this Agreement, "return on invested capital" shall be defined as net income before interest and other non-operating expenses, net of taxes divided by total long-term debt plus stockholders equity at the end of the calendar year, subject to any adjustments pursuant to Section 8.2 of the Plan.d. Following the end of the Initial Performance Period, and any Extended Performance Period, if applicable, the Committee shall determine whether the Performance Goal has been achieved as of the end of such period. View More

Vesting Dates. (a) The Option shall vest and become exercisable with respect to twenty-five percent (25%) of the shares underlying the Option on each of the first four anniversaries of the Grant Date (each such anniversary, a "Vesting Date") subject to the Participant continuing to actively and without interruption remain Employed through each such Vesting Date. (b) Notwithstanding anything to the contrary herein, any portion of the Option that is not vested and exercisable as of immediately prior to a Change ...in Control and that has not expired shall immediately vest and become exercisable as of such Change in Control. View More