Vesting Schedule Clause Example from Business Contracts

This example Vesting Schedule clause appears in 2 contracts from 2 companies

Vesting Schedule. Except as otherwise provided in this Agreement, this Restricted Stock Award first becomes earned in accordance with the vesting schedule specified herein. The Restricted Stock Awards granted under the Plan 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 shares of Rest...ricted Stock awarded to me are not equally divisible by "5," any excess shares of Restricted Stock shall vest on __________ __, 201__. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death, Disability or Involuntary Termination of Employment following a Change in Control). View More
Found in Madison County Financial, Inc. contract
Madison County Financial, Inc. Contracts

Restricted Stock Award Granted by MADISON COUNTY FINANCIAL, INC. under the MADISON COUNTY FINANCIAL, INC. 2013 EQUITY INCENTIVE PLAN (Filed With SEC on February 19, 2014)

Hamilton Bancorp, Inc. Contracts

Restricted Stock Award Granted by HAMILTON BANCORP, INC. under the HAMILTON BANCORP, INC. 2013 EQUITY INCENTIVE PLAN (Filed With SEC on February 5, 2014)