Vesting of Restricted Stock Units Clause Example from Business Contracts

This example Vesting of Restricted Stock Units clause appears in 3 contracts from 3 companies

Vesting of Restricted Stock Units. The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in service as a member of the Board on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number ofRestricted Stock Units Vested Vesting Date ( %) ( %) ( %...) ( %) ( %) The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2. View More Arrow