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. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: Vesting Date Percentage ofAward Vested First anniversary of Grant Date 25% Second anniversary of Grant Date 50% Third anniversary of Grant Date 75% Fourth anniversary of Gra...nt Date 100% 4. Accelerated Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% of the Shares subject to the Award. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, the first anniversary of the Grant Date, in each case, for this Section 4.3 to have effect.View More
Variations of a "Vesting Schedule" Clause from Business Contracts
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Forfeiture Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward Vested First anniversary of Grant Date 25% Second anniversary of Grant Date 50% Third anniversary of Grant Date 75% Fourth anni...versary of Grant Date 100% 4. Accelerated Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% 33% of the Shares subject to the Award. Restricted Stock Units. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all Forfeiture Restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, after the first anniversary of the Grant Date, in each case, Date for this Section 4.3 to have effect. effect unless the Company waives the one-year period. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Restrictions This Option shall lapse vest and the Participant shall become vested in the Award exercisable in accordance with the following schedule, subject to Section 4 hereof: 3 of this Agreement: Vesting Date Percentage ofAward ofOption Vested First anniversary of Grant Date 25% 33% Second anniversary of Grant Date 50...% 66% Third anniversary of Grant Date 75% Fourth anniversary 100% The portion of Grant Date 100% 4. the Option which has become vested and exercisable as provided herein is referred to as the "Vested Portion", and the portion of the Option that has not become vested and exercisable as provided herein is referred to as the "Non-Vested Portion." 3. Accelerated Vesting. Notwithstanding Section 3 2 above, the vesting of the Award Option shall change upon the occurrence of certain events as follows: 4.1. 3.1 Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award Option will be deemed to be vested and exercisable with respect to an additional 25% 33% (or 34% if on or after the second anniversary of the Grant Date) of the Shares subject to the Award. 4.2. Option. 3.2 Change in Control. Upon a Change in Control, the Award Option shall become 100% vested and exercisable. 4.3. 3.3 Retirement. If the Participant's employment with the Company and its Subsidiaries Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award Option shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 2 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 section 3.3 shall herein be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, 3.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award option holders, the first anniversary of the Grant Date, in each case, for this Section 4.3 3.3 to have effect. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Forfeiture Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward Vested First anniversary of Grant Date 25% Second anniversary of Grant Date 50% Third anniversary of Grant Date 75% Fourth anni...versary of Grant Date 100% 4. Accelerated Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% 33% of the Shares subject to the Award. Restricted Stock Units. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all Forfeiture Restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, after the first anniversary of the Grant Date, in each case, Date for this Section 4.3 to have effect. effect unless the Company waives the one-year period. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Forfeiture Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward of Award Vested First anniversary of Grant Date 25% 34% Second anniversary of Grant Date 50% 67% Third anniversary of Grant Dat...e 75% Fourth anniversary of Grant Date 100% 4. Accelerated Certain Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% of the all unvested Shares subject to the Award. Award shall vest. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all Forfeiture Restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the (a) the Participant is at least 65 years of age, or (b)the (b) the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, after the first anniversary of the Grant Date, in each case, Date for this Section 4.3 to have effect. effect unless the Company waives the one-year period. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Forfeiture Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward of Award Vested First anniversary of Grant Date 25% 34% Second anniversary of Grant Date 50% 67% Third anniversary of Grant Dat...e 75% Fourth anniversary of Grant Date 100% 4. Accelerated Certain Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% 33% of the Shares subject to the Award. Restricted Stock Units. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all Forfeiture Restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the (a) the Participant is at least 65 years of age, or (b)the (b) the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, after the first anniversary of the Grant Date, in each case, Date for this Section 4.3 to have effect. effect unless the Company waives the one-year period. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Forfeiture Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward Vested First anniversary of Grant Date 25% 34% Second anniversary of Grant Date 50% 67% Third anniversary of Grant Date 75% Fou...rth anniversary of Grant Date 100% 4. Accelerated Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% 33% of the Shares subject to the Award. Restricted Stock Units. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all Forfeiture Restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in the case of the president or chief executive officer of the Company, the third anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, after the first anniversary of the Grant Date, in each case, Date for this Section 4.3 to have effect. View More
Vesting Schedule. So long as the Participant has remained an employee of the Company or any of its Subsidiaries continuously from the Grant Date through the applicable vesting date, the Transfer Restrictions shall lapse and the Participant shall become vested in the Award in accordance with the following schedule, subject to Section 4 hereof: 4: Vesting Date Percentage ofAward Vested First anniversary of Grant Date 25% 34% Second anniversary of Grant Date 50% 67% Third anniversary of Grant Date 75% Fourth anniver...sary of Grant Date 100% 4. Accelerated Vesting. Notwithstanding Section 3 above, the vesting of the Award shall change upon the occurrence of certain events as follows: 4.1. Death or Disability. Upon the Participant's Termination by reason of the Participant's death or Disability at any time on or after the Grant Date and prior to the fourth third anniversary of the Grant Date, the Award will be deemed to be vested with respect to an additional 25% 33% of the Shares subject to the Award. 4.2. Change in Control. Upon a Change in Control, the Award shall become 100% vested and exercisable. all restrictions shall lapse. 4.3. Retirement. If the Participant's employment with the Company and its Subsidiaries (the "Company Group") Terminates and either: (a)the Participant is at least 65 years of age, or (b)the Participant's age plus years of service equal to at least 80, in each case, upon that Termination, the Award shall continue to vest and become exercisable in accordance with the vesting schedule in Section 3 hereof as if the Participant remained employed with the Company and its Subsidiaries so long as the Participant does not engage in a "Prohibited Activity" as defined on Exhibit A. Any Termination described in this Section 4.3 shall herein in this Agreement be referred to as a "Retirement". Notwithstanding the foregoing in this Section 4.3, the Participant must remain employed with the Company on or after: (i)in after the case of the president or chief executive officer of the Company, the third first anniversary of the Grant Date unless the Committee waives this requirement, (ii)in the case of executives of the Company who are on the level of senior or executive vice presidents, the third anniversary of the Grant Date unless the President waives this requirement, or (iii)for all other Award holders, the first anniversary of the Grant Date, in each case, for this Section 4.3 to have effect. View More
