Vesting Schedule Clause Example with 7 Variations from Business Contracts

This page contains Vesting Schedule clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Vesting Schedule. Except as otherwise provided in this Agreement, the right to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares scheduled to vest on any date will vest only if the Grantee remains in Continued Service on such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested portion of this SAR will be immediately cancelled; provided, however, that if termination of... Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on the Termination Date, the unvested portion of this SAR that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs will be considered as having vested as of the date specified by the Committee. View More

Variations of a "Vesting Schedule" Clause from Business Contracts

Vesting Schedule. Except as otherwise provided in this Agreement, the right PSUs awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares Grant. PSUs scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested porti...on of this SAR PSUs will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR PSUs that would have vested by its their terms within twelve (12) months from the Termination Date shall continue will be deemed vested on the Termination Date; and provided further, however, that in the case of PSUs as to vest as set forth which the Performance Adjustment referred to in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on has not been made at the Termination Date, the unvested portion of this SAR PSUs that would have will be deemed vested by its terms within twenty-four (24) months from on the Termination Date pursuant to this paragraph 4 shall continue to vest as set forth in the Notice of Grant despite the termination of service; (d)If termination of Continued Service is due to Retirement be determined, and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the SARs at any time, subject to the terms of the Plan. If so accelerated, vest, when such SARs will be considered as having vested as of the date specified by the Committee. Performance Adjustment has occurred. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares scheduled to vest on any date will vest only if the Grantee remains in Continued Service on such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested portion of this SAR will be immediately cancelled; provided, however, that if termination of... Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 will be deemed vested on the Termination Date, the unvested portion of this SAR that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that Grantee is in full compliance with all the terms of this Agreement at the time of vesting. Date. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs will be considered as having vested as of the date specified by the Committee. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right PSUs awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares Grant. PSUs scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested porti...on of this SAR PSUs will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR PSUs shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR PSU shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR PSU that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in on the Notice of Grant despite the termination of service; Termination Date; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on the Termination Date, then the unvested portion of this SAR PSU that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in on the Notice of Grant despite the termination of service; Termination Date; -3- (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, then the unvested portion of this SAR PSU that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in on the Notice of Grant despite the termination of service; Termination Date; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, then the entire unvested portion of this SAR PSU shall continue vest in full on the Termination Date; provided further, however, that in the case of PSUs as to vest as set forth which the Performance Adjustment referred to in the Notice of grant despite the termination of Service; provided further, however, that Grantee is in full compliance with all the terms of this Agreement Grant has not been made at the time of vesting. The Committee, in its discretion, may accelerate Termination Date, the vesting of the balance, or some lesser portion of the balance, of the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs PSUs that will be considered as having deemed vested as of on the date specified by the Committee. Termination Date pursuant to this Paragraph 4 shall be determined, and shall vest, when such Performance Adjustment has occurred. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right PSUs awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice notice of Grant which constitutes part of this Agreement. Shares grant. PSUs scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unveste...d portion of this SAR PSUs will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR PSUs shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR PSU shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR PSU that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice notice of Grant grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 (but less than age 61) on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice notice of Grant grant despite the termination of service; (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 (but less than age 62) on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice notice of Grant grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR PSU shall continue to vest as set forth in the Notice notice of grant despite the termination of Service; provided further, however, that (i) Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, vesting and (ii) in its discretion, may accelerate the vesting case of PSUs as to which the balance, or some lesser portion Performance Adjustment referred to in the notice of grant has not been made at the balance, of Termination Date, the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs PSUs that will be considered as having deemed vested as of on the date specified by the Committee. Termination Date or otherwise pursuant to this Paragraph 4 shall be determined, and shall vest, when such Performance Adjustment has occurred. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right PSUs awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares Grant. PSUs scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested porti...on of this SAR PSUs will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR PSUs shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR PSU shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR PSU that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; 3 (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR PSU shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that (i) Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, vesting and (ii) in its discretion, may accelerate the vesting case of PSUs as to which the balance, or some lesser portion Performance Adjustment referred to in the Notice of Grant has not been made at the balance, of Termination Date, the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs PSUs that will be considered as having deemed vested as of on the date specified by the Committee. Termination Date or otherwise pursuant to this Paragraph 4 shall be determined, and shall vest, when such Performance Adjustment has occurred. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right Restricted Stock Units awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares Grant. Restricted Stock Units scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Te...rmination Date"), any unvested portion of this SAR Restricted Stock Units will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, Retirement (as defined in Paragraph 29 below), then any unvested portion of this SAR Restricted Stock Units shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR Restricted Stock Unit shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR Restricted Stock Unit that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on the Termination Date, the unvested portion of this SAR Restricted Stock Unit that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR Restricted Stock Unit that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and or (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR Restricted Stock Unit shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs will be considered as having vested as of the date specified by the Committee. View More
Vesting Schedule. Except as otherwise provided in this Agreement, the right PSUs awarded by this Agreement are scheduled to exercise this SAR will vest in accordance with the vesting schedule set forth in the Notice of Grant which constitutes part of this Agreement. Shares Grant. PSUs scheduled to vest on any a particular date actually will vest only if the Grantee remains in Continued Service on through such date. Should the Grantee's Continued Service end at any time (the "Termination Date"), any unvested porti...on of this SAR PSUs will be immediately cancelled; provided, however, that if termination of Continued Service results from the Grantee's death, Disability or Retirement, then any unvested portion of this SAR PSUs shall vest as follows: (a)If termination of Continued Service is due to the Grantee's death or Disability, the unvested portion of this SAR PSU shall vest in full on the Termination Date; (b)If termination of Continued Service is due to Retirement and the Grantee is less than age 60, the unvested portion of this SAR PSU that would have vested by its terms within twelve (12) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (c)If termination of Continued Service is due to Retirement and the Grantee is age 60 on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within twenty-four (24) months from the Termination Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; (d)If termination of Continued Service is due to Retirement and the Grantee is age 61 on the Termination Date, the unvested portion of this SAR PSU that would have vested by its terms within thirty-six (36) months from the Termination -2- Date shall continue to vest as set forth in the Notice of Grant despite the termination of service; and (e)If termination of Continued Service is due to Retirement and the Grantee is age 62 or older on the Termination Date, the entire unvested portion of this SAR PSU shall continue to vest as set forth in the Notice of grant despite the termination of Service; provided further, however, that (i) Grantee is in full compliance with all the terms of this Agreement at the time of vesting. The Committee, vesting and (ii) in its discretion, may accelerate the vesting case of PSUs as to which the balance, or some lesser portion Performance Adjustment referred to in the Notice of Grant has not been made at the balance, of Termination Date, the SARs at any time, subject to the terms of the Plan. If so accelerated, such SARs PSUs that will be considered as having deemed vested as of on the date specified by the Committee. Termination Date or otherwise pursuant to this Paragraph 4 shall be determined, and shall vest, when such Performance Adjustment has occurred. View More