Vesting Settlement Contract Clauses (82)

Vesting Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest in equal installments on the first anniversary of the Date of Grant (each such date, a "Vesting Date"), subject to the Grantee's continued appointment as a director of the Company or any of its Affiliates through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting,... the RSUs shall no longer be subject to cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 60 days following the Vesting Date in shares of Common Stock. View More

Vesting Settlement. (a)Except as may otherwise be provided herein, subject to the Participant's continued employment with, or engagement to provide services to, the Company or any of its Affiliates, the RSUs shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant (each such date, a "Vesting Date"). Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 15(b) of the Plan or cancellation pursuant to Section 4 hereof. (b)If, within... 12 months following a Change in Control, the Participant's employment with or engagement to provide services to the Company or an Affiliate is terminated by the Company other than for Cause (and other than due to death or Disability) or by the Participant for Good Reason (as such terms are defined in the Offer Letter), then the RSUs shall be 100% vested as of the date of such termination of employment or services (which date shall be treated as Vesting Date hereunder). (c)Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock. View More

Vesting Settlement. The RSUs shall vest in full on the third anniversary of the Grant Date (the "Vesting Date"); provided Participant remains continuously an Employee of the Company or one of its Affiliates (the Company and its Affiliates hereinafter referred to as "THG") throughout the period from the Grant Date until the Vesting Date. As soon as reasonably practicable following the vesting of the RSUs, but in no event later than 60 days following vesting, the Company shall deliver Shares in respect of vested... RSUs and shall pay any amounts in respect of dividend equivalents credited under Section 9 of this Agreement to Participant (or, in the event of Participant's death, to Participant's estate or beneficiary). In the event the Vesting Date falls on a non-business day (weekend or holiday on which banks are not generally open in the Commonwealth of Massachusetts), the Vesting Date shall be the next following business day. View More

Vesting Settlement. (a) Vesting. The RSUs shall become vested in equal one-twelfth installments on each of the first twelve quarterly anniversaries of the Date of Grant (each, a "Vesting Date"), provided that each such Vesting Date is prior to the date of the termination of the Participant's Service Relationship. (b) Settlement. Except as otherwise provided herein, each vested RSU shall be settled within 60 days following the applicable Vesting Date. The RSUs may be settled in Shares, in cash in an amount equal to... the number of vested RSUs multiplied by the Fair Market Value of a Share as of the applicable Vesting Date, or in a combination of cash and Shares, as determined by the Committee; provided, that in no event shall any vested RSU granted hereby be settled in cash if less than six months and one day has elapsed since vesting. View More

Vesting Settlement. (a) Vesting. [For Annual Grants: All the RSUs shall vest on the earlier of (i) the one-year anniversary of the Date of Grant and (ii) the Company's annual shareholder meeting for the year following the Date of Grant (the "Vesting Date"), subject to the Participant's continued service as a member of the Board from the Date of Grant through such Vesting Date.] [For Initial Grants: The RSUs shall become vested in equal one-twelfth installments on each of the first twelve quarterly anniversaries of... the Date of Grant (each, a "Vesting Date"), subject to the Participant's continued service as a member of the Board from the Date of Grant through the applicable Vesting Date.] (b) Settlement. Except as otherwise provided herein, each vested RSU shall be settled within 60 days following the [applicable] Vesting Date. The RSUs may be settled in Shares, in cash in an amount equal to the number of vested RSUs multiplied by the Fair Market Value of a Share as of the [applicable] Vesting Date, or in a combination of cash and Shares, as determined by the Committee. View More

Vesting Settlement. Subject to Sections 2 and 4 of this Agreement, the Award will vest with respect to (a) 33% upon the day of the first anniversary of the Grant Date; (b) an additional 33% upon the day of the second anniversary of the Grant Date; and (c) the final 34% upon the day of the third anniversary of the Grant Date (each, a "Vesting Date"), subject to the Participant's continuous Service through the applicable Vesting Date. "Service," for purposes of this Agreement, shall mean service by the Participant... as an employee or director of, or consultant to, the Company or any of its Affiliates. Subject to Section 19 of this Agreement, within 30 days following the applicable Vesting Date (or vesting event pursuant to Sections 6(b) or 6(c)) and consistent with Section 409A of the Code, payment shall be made in Stock and cash in the amount of any Dividend Equivalents credited to the Participant's account with respect to such shares of Stock. The Committee shall cause the Stock to be electronically delivered to the Participant's electronic account with respect to such Stock free of all restrictions. Pursuant to Section 11 of this Agreement, the cash and/or the number of shares delivered shall be net of the amount of cash and/or the number of shares withheld for satisfaction of Tax-Related Items (as defined below), if applicable. View More

Vesting Settlement. The RSUs shall become vested in accordance with the schedule set forth on the Award Notice. The Company shall deliver to the Participant one share of Common Stock for each RSU (as adjusted under the Plan) which becomes vested in a given calendar year, pursuant to Section 12, below, and such vested RSU shall be cancelled upon such delivery. 2 5. Termination of Employment. (a) Subject to Section 5(b) or Section 5(c) below, in the event that the Participant's employment with the Company Group... terminates for any reason, any unvested RSUs shall be forfeited and all of the Participant's rights hereunder with respect to such unvested RSUs shall cease as of the effective date of termination (the "Termination Date") (unless otherwise provided for by the Committee in accordance with the Plan). (b) All RSUs granted hereunder shall become immediately fully vested as of the Termination Date and settled in accordance with Section 5(d) if the Participant's employment with the Company Group shall be terminated: (i) by the Company Group due to or during the Participant's Disability or due to the Participant's death; or (ii) by the Company Group without Cause if such termination of the Participant's employment occurs within 12 months following a Change in Control (for the avoidance of doubt, a Change in Control alone shall not, also, result in any vesting hereunder). (c) In the event the Participant's employment with the Company Group is terminated as a result of the Participant's Retirement after the date that is six months after the Pre-Spin Award Grant Date, all RSUs granted hereunder shall continue to vest, notwithstanding such termination of employment, in accordance with the schedule set forth in the Award Notice so long as no Restrictive Covenant Violation occurs, as determined by the Committee, or its designee, in its sole discretion, prior to the applicable vesting date. As a pre-condition to the Participant's right to continued vesting following Retirement, the Committee or its designee, may require the Participant to certify in writing prior to each applicable vesting date that no Restrictive Covenant Violation has occurred. (d) Notwithstanding any provision of this Agreement to the contrary, any RSU which becomes vested in accordance with Section 5(b) and 5(c) shall thereafter be settled and the respective Shares issued to the Participant in accordance with Section 12. (e) The Participant's rights with respect to the RSUs shall not be affected by any change in the nature of the Participant's employment so long as the Participant continues to be an employee of the Company Group. Whether (and the circumstances under which) employment has terminated and the determination of the Termination Date for the purposes of this Agreement shall be determined by the Committee (or, with respect to any Participant who is not a director or "officer" as defined under Rule 16a-1(f) of the Exchange Act, its designee, whose good faith determination shall be final, binding and conclusive; provided, that such designee may not make any such determination with respect to the designee's own employment for purposes of the RSUs). 3 6. Dividends. A Participant holding unvested RSUs shall be entitled to be credited with dividend equivalent payments (upon the payment by the Company of dividends on Shares), which shall accrue in cash without interest (unless otherwise elected by the Committee) and shall be delivered in cash (unless the Committee in its sole discretion, elects to settle such amount in Shares having a Fair Market Value as of the settlement date equal to the amount of such dividends), which accumulated dividend equivalents shall be payable at the same time as the underlying RSUs are settled following the vesting of RSUs, and, if such RSUs are forfeited, the Participant shall have no right to such dividend equivalent payments. View More