Vesting Schedule Clause Example with 14 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, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, and succeeding installments on each anniversary thereafter, through ___________ __, 201__. To the exten...t the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination of Employment following a Change in Control). View More
Found in Hamilton Bancorp, Inc. contract

Variations of a "Vesting Schedule" Clause from Business Contracts

Vesting Schedule. Except as otherwise provided in this Agreement, this Option Restricted Stock Unit Award first becomes exercisable, subject to the Option's expiration date, earned in accordance with the vesting schedule specified herein. The Options Restricted Stock Units granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, and succeeding installments on each anniversa...ry thereafter, through ___________ __, 201__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination of Employment following a Change in Control). ____________. View More
Found in Bancorp, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment of 20 percent (20%) becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, ________, and the succeeding four (4) equal annual installments of 20 percent (20%)... on each anniversary thereafter, through ___________ __, 201__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. _________. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, Sections 2.9 and 4.1 of the Plan (in the event of death or death, Disability or Involuntary Termination of Employment following a Change in Control). View More
Found in HV Bancorp, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ _____________ __, 201__, and succeeding installments on each anniversary thereafter, through ___________ __, 201__.... To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ ____________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination of Employment Service as a Director following a Change in Control). OUTSIDE DIRECTOR 7. Exercise Procedure. 7.1 Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant's delivery to the Company of written notice (the "Notice of Exercise of Option" attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a "net settlement" of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price of the Option. (iv) by personal, certified or cashier's check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof. 7.2 "Fair Market Value" shall have the meaning set forth in Section 8.1(r) of the Plan. View More
Found in Madison County Financial, Inc. contract
Vesting Schedule. Except No portion of this Stock Option may be exercised until such portion shall have vested. This Stock Option shall vest and become exercisable with respect to the following number of Option Shares on the dates indicated so long as otherwise provided the Optionee remains in a Service Relationship (as defined in the Plan) on such dates: Number ofOption Shares Vesting Vesting Date _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) Once vested... and exercisable, this Agreement, this Stock Option first becomes exercisable, shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary provisions hereof and of the date of grant, or __________ __, 201__, and succeeding installments on each anniversary thereafter, through ___________ __, 201__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination of Employment following a Change in Control). Plan. View More
Found in 2 Contracts from Thimble Point Acquisition Corp.
Vesting Schedule. Except as otherwise provided in this Agreement, this Option Stock Award first becomes exercisable, subject to the Option's expiration date, earned in accordance with the vesting schedule specified herein. The Options Stock Awards granted under this Agreement the Plan shall vest in five (5) four (4) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, _________, 2014, and succeeding installments on each ...anniversary thereafter, through ___________ __, 201__. _________, 2017. To the extent the Options shares of Stock awarded to me you are not equally divisible by "5," "4," any excess Options shares of Stock shall vest on _______________ __, 201__. This Option __________, 2014. Notwithstanding the above vesting schedule, vesting may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to the events listed in Section 2.6, 2.9 and 4.1 9 of the Plan (in the event of death this Agreement (e.g., death, Disability, Retirement or Disability or Involuntary Termination of Employment following a Change in Control). View More
Found in Bancorp, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option Restricted Stock Award first becomes exercisable, subject to the Option's expiration date, earned in accordance with the vesting schedule specified herein. The Options Restricted Stock granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable vesting on the first anniversary of the date of grant, or __________ __, 201__, __________, 20__, and succeeding installments on... each anniversary thereafter, through ___________ __, 201__. _________, 20__. To the extent the Options Restricted Stock awarded to me are not equally divisible by "5," any excess Options Restricted Stock shall vest on _______________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. _________, 20__. Vesting will automatically accelerate pursuant to Section 2.6, Sections 2.9 and 4.1 of the Plan (in the event of death or death, Disability or Involuntary Termination of Employment (including for Good Reason) following a Change in Control). View More
Found in Bancorp 34, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option Restricted Stock Award shall first becomes exercisable, subject to the Option's expiration date, earned and non-forfeitable in accordance with the following vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary schedule: Date Number of the date Shares Vesting* Percentage ____________, 2024 ____...___ ___% ____________, 2025 _______ ___% ____________, 2026 _______ ___% ____________, 2027 _______ ___% ____________, 2028 _______ ___% ____________, 2029 _______ ___% ____________, 2030 _______ ___% ____________, 2031 _______ ___% ____________, 2032 _______ ___% ____________, 2033 _______ ___% *Other terms and Conditions Regarding Vesting: 4.1 All shares of grant, or __________ __, 201__, and succeeding installments on each anniversary thereafter, through ___________ __, 201__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting Restricted Stock will automatically accelerate pursuant to Section 2.6, 2.9 become earned and 4.1 of the Plan (in non-forfeitable in the event of the death or Disability or Involuntary Termination of Employment following a the Participant. [CONFIRM] 4.2 All shares of Restricted Stock will automatically become earned and non-forfeitable in the event of the Change in Control). Control of the Company. View More
Found in MainStreet Bancshares, Inc. contract
Vesting Schedule. No portion of this Option may be exercised until such portion shall have vested. Except as otherwise provided in this Agreement, this Option first becomes exercisable, set forth below and subject to the Option's expiration date, in accordance terms and conditions set forth below, this Option shall be vested and exercisable with respect to the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment be...coming exercisable following number of Shares on the first anniversary dates indicated: Cumulative Number of the date of grant, or Shares Exercisable Vesting Date __________ __, 201__, and succeeding installments on each anniversary thereafter, through ___________ __, 201__. To the extent the Options awarded __________ __________ __________ __________ __________ __________ __________ Once vested, this Option shall continue to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. This Option may not be exercised exercisable at any time or times prior to the close of business on or after the Option's expiration date. Vesting will automatically accelerate pursuant Expiration Date, subject to Section 2.6, 2.9 the provisions hereof and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination of Employment following a Change in Control). Plan. View More
Found in Biostage, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, _______, 20__, and succeeding installments on each anniversary thereafter, through ___________ __, 201_..._. ________, 20__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. ________, 20__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, Sections 2.9 and 4.1 of the Plan (in the event of death or death, Disability or Involuntary Termination of Employment (including for Good Reason) following a Change in Control). View More
Found in Bancorp 34, Inc. contract
Vesting Schedule. Except as otherwise provided in this Agreement, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein. The Options granted under this Agreement shall vest in five (5) equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or __________ __, 201__, ________, 20__, and succeeding installments on each anniversary thereafter, through ___________ __, 201...__. ________, 20__. To the extent the Options awarded to me are not equally divisible by "5," any excess Options shall vest on _______________ __, 201__. ________, 20__. This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Section 2.6, Sections 2.9 and 4.1 of the Plan (in the event of death or death, Disability or Involuntary Termination of Employment (including for Good Reason) following a Change in Control). View More
Found in Bancorp 34, Inc. contract