Vesting Schedule Contract Clauses (1,258)

Vesting Schedule. No portion of this Award may be received until such portion shall have vested. Except as otherwise set forth in this Agreement or in the Plan, the RSUs will cliff vest at the end of a one-year and 30 day period on the following basis, subject to continued directorship with the Company on the vesting date: Number of Restricted Stock Units Vesting Date(XXX) In the event of a Change of Control as defined in Section 14.3 of the Plan, this Award shall become immediately vested whether or not this Awa...rd or any portion thereof is vested at such time. View More

Vesting Schedule. The interest of the Employee in the RSUs shall vest according to the vesting schedule set forth above, or if earlier, in accordance with Section 8, below. Unless, the provisions of Section 8 apply, the Employee must remain in the employ of the Company on a continuous basis through the close of business on the last Vesting Date, as set forth above, and the Employee must be in compliance with the requirements and conditions provided for in the Plan and this Stock Notification and Award Agreement f...or the interest of the Employee in the RSUs to become fully vested on that date. View More

Vesting Schedule. No portion of this Award may be received until such portion shall have vested. Except as otherwise set forth in this Agreement or in the Plan, the RSUs will cliff vest at the end of a three-year period on the following basis, subject to employment with the Company on the vesting date: Number of Restricted Stock Units Vesting Date (XXX) March 15, 2024 Except as otherwise specifically provided in a written agreement between the Company and the Awardee, this Award shall be subject to adjustment in ...connection with a Change in Control as provided in Section 14 of the Plan as determined in the Administrator's sole discretion. This Award shall not automatically vest upon a Change in Control. View More

Vesting Schedule. The Option granted pursuant to this Award will vest according to the following schedule, provided, however, that, except as otherwise provided in Section 11.02 of the Plan or in this Award Agreement, you must be employed by the Company or a Subsidiary on each vesting date for that portion of the Option to vest. If you separate from service due to Disability (as defined below), death, or your retirement (with Committee approval) prior to any Vesting Date, any unvested portion of the Option shall ...become fully and immediately exercisable. For purposes of this Award Agreement, "Disability" shall mean "permanent and total disability" as defined in Section 22 (e)(3) of the Code. Number of Shares of Common Stock Vesting Date 33% of the total number of shares 33% of the total number of shares 34% of the total number of shares 3. Time of Exercise; Exercise Limitation. Vested Options may be exercised (in the manner provided in paragraph 4 hereof) in whole or in part, from time to time after the Vesting Date; provided, however, that because you are an executive officer of the Company subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934, the Option may not be exercised by you within six (6) months after the Grant Date. View More

Vesting Schedule. Subject to the terms and conditions hereof, the Participant shall vest in the Restricted Stock as follows, unless previously vested or canceled in accordance with the provisions of the Plan or this Award Agreement: (a) Time-Based Restricted Stock. On each of the first, second and third anniversaries of the Date of Grant, thirty-three and one-third percent (33 1/3%) of the Time-Based Restricted Stock shall vest and no longer be subject to cancellation pursuant to Section 4 or the transfer restric...tions set forth in Section 7. (b) Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, _____, _____ and _____, the Board of Directors will approve an annual return on equity target (each, an "Annual Performance Target"). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 1 31, _____ (the "Performance Period" and such average attainment the "Total Performance Target"), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7: (i) If the Company achieves or exceeds ninety percent (90%) of the Total Performance Target, one hundred percent (100%) of the Performance-Based Restricted Stock shall vest on the fourth anniversary of the Date of Grant (the "Performance Vesting Date"). (ii) If the Company achieves over eighty-five percent (85%) but less than ninety percent (90%) of the Total Performance Target, between fifty percent (50%) and one hundred percent (100%) of the Performance-Based Restricted Stock (as determined on the basis of linear interpolation) shall vest on the Performance Vesting Date. (iii) If the Company achieves eighty-five percent (85%) of the Total Performance Target, fifty percent (50%) of the Performance-Based Restricted Stock shall vest on the Performance Vesting Date. (iv) If the Company achieves over eighty percent (80%) but less than eighty-five percent (85%) of the Total Performance Target, between twenty-five percent (25%) and fifty percent (50%) of the Performance-Based Restricted Stock (as determined on the basis of linear interpolation) shall vest on the Performance Vesting Date. (v) If the Company achieves less than eighty percent (80%) of the Total Performance Target, the Participant forfeits the amount of Performance-Based Restricted Stock that would have vested on the Performance Vesting Date. The applicable Annual Performance Targets shall be established by the Committee in writing no later than 90 days after the commencement of each applicable year during the Performance Period for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended and the regulations and guidance promulgated thereunder (the "Code"). View More

Vesting Schedule. Except as provided in item 10 of this Agreement, the Options granted hereunder shall vest (i.e., become exercisable) in accordance with the following (unless sooner vested in accordance with the terms of this Award Agreement): Percentage ofOption Vested Number of Shares Available for Exercise Vesting Date20%20%20%20%20%###___######___######___######___######___###May 27, 2016May 27, 2017May 27, 2018May 27, 2019May 27, 2020 This Option may not be exercised at any time on or after the Option's exp...iration 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 following a Change in Control).7. Exercise Procedure. 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. View More

Vesting Schedule. (a) This option shall become exercisable ("vest") as to [ ] of the shares underlying the option on [ ] and as to an additional [ ] of the original number of shares on the first day of each successive month thereafter until [ ]. (b) The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of... the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. (c) Notwithstanding anything herein to the contrary, if, on or prior to the first anniversary of the date of the consummation of a Change of Control Event (as defined below), the Participant's employment with the Company is terminated by the Company without Cause (as defined below) or the Participant resigns as an employee of the Company for Good Reason (as defined below), all of the Shares not already vested shall automatically vest and the option shall be exercisable in full upon the effective date of such termination or resignation. (d) For the purposes of this option, a "Change of Control Event" shall mean (i) the consolidation or merger of the Company with or into any other corporation or other entity (other than a merger or consolidation in which all or substantially all of the individuals and entities who were beneficial owners of outstanding securities entitled to vote generally in the election of directors of the Company ("Company Voting Securities") immediately prior to such transaction beneficially own, directly or indirectly, a majority of the combined voting power of the then outstanding securities entitled to vote generally in the election of directors of the resulting, surviving or acquiring corporation in such transaction in substantially the same proportions as their ownership of Company Voting Securities immediately prior to such merger or consolidation ), or (ii) the sale of all or substantially all of the assets of the Company to any other corporation or other entity. (e) For the purposes of this option, "Good Reason" shall mean any action on the part of the Company or a successor in interest not consented to by the Participant in writing (which action shall not have been cured within thirty (30) days following written notice from the Participant to the Company's Board of Directors and the Company's Chief Executive Officer (or the Board of Directors and Chief Executive Officer of the Company's successor in interest, if applicable) specifying that such action will give rise to a termination of employment for Good Reason) having the following effect or effects: (i) a material diminution in the Participant's responsibilities from and after the Change of Control Event; (ii) a material reduction in the Participant's base salary from and after the Change of Control Event, other than a reduction comparable to reductions generally applicable to similarly situated employees of the Company; or (iii) the Company's requiring the Participant's ongoing and regular services to be performed at a location more than fifty (50) miles from the geographic location at which the Participant was providing services before such requirement; provided, however, that the Participant must give written notice with respect to the proposed Good Reason within thirty (30) days after the action first occurs and that the Participant actually leaves employment within forty-five (45) days after the Company fails to cure the proposed Good Reason. View More

Vesting Schedule. The Option will only be exercisable (also referred to as vested) under the Vesting Schedule on the Notice of Grant or as set out in Section 3 of this Agreement. Shares scheduled to vest on a date or upon the occurrence of a condition will not vest unless Participant continues to be a Service Provider beginning on the Grant Date through the date that the vesting is scheduled to occur. The Administrator may modify the vesting schedule under Section 10 of the Plan if Participant takes a leave of ab...sence or has a reduction in hours worked. View More

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 granted under this Agreement shall vest in seven (7) annual installments, with the first installment of 16 percent (16%) becoming exercisable on the first anniversary of the date of grant, or June 13, 2019, and the succeeding six (6) equal annual installments of 14 percent (14%) on each anniversary thereafter, through June... 13, 2025. Vesting will automatically accelerate pursuant to Sections 2.9 and 4.1 of the Plan (in the event of death, Disability or Involuntary Termination following a Change in Control). View More

Vesting Schedule. The Option shall vest and become exercisable as to [Insert Vesting Schedule]. In no event will any portion of the Option that is not vested and exercisable at the time of the termination of the Optionee's service relationship become vested and exercisable following such termination. Further, notwithstanding any provision of the Plan or this Agreement to the contrary, in no event will any portion of the Option that is not vested and exercisable immediately prior to the time of a Sale of the Compa...ny become vested and exercisable because of such event. View More