Vesting Termination of Employment Contract Clauses (14)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Vesting Termination of Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Vesting Termination of Employment. Except as set forth in this Section and in Section 7, Grantee's Performance Stock Unit Award will remain unvested until the Vesting Date and, in the event that Grantee experiences a Termination of Employment prior to the Vesting Date, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment. Notwithstanding the foregoing, in the event of Grantee's death, Disability or Retirement (each, a "Vesting Event") prior to the Vesting Da...te, each Performance Stock Unit Award will be payable at the time set forth in Section 5 as follows:a.If the Vesting Event occurs after the completion of the Performance Period, the number of shares of Stock earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved; andb.If the Vesting Event occurs before completion of the Performance Period, the number of shares of Stock earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved as of the last day of such Performance Period, except that the number of shares of Stock earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period.For purposes of this Section, the term "Retirement" means the voluntary termination of employment by Grantee from the Company when Grantee's age plus years of service with the Company (in each case measured in complete, whole years) equals or exceeds 67, provided that at the date of termination Grantee is at least 58 years of age and has completed at least five (5) years of service with the Company. View More
Found in Red Robin Gourmet Burgers, Inc. contract
Vesting Termination of Employment. Except as set forth in this Section and in Section 7, Grantee's Performance Stock Unit 6, Employee's Cash Award will remain unvested until the Vesting Date last day of the Third Performance Period and, in the event that Grantee Employee experiences a Termination of Employment prior to the Vesting Date, last day of the Third Performance Period, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment. Notwithstanding the foregoi...ng, in the event of Grantee's Employee's death, Disability Disability, or Retirement (each, a (a "Vesting Event") prior to the Vesting Date, Event"), each Performance Stock Unit Award Tranche will vest and be payable at the time set forth in Section 5 4(c) as follows:a.If follows:(a)If the Vesting Event occurs after the completion of the Performance Period, Period applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved; andb.If and(b)If the Vesting Event occurs before completion of the Performance Period, Period applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on upon the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved as of the last day of such Performance Period, except that the number amount of shares of Stock the Cash Award earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period.For 365.For purposes of this Section, the term "Retirement" means the voluntary termination of employment by Grantee Employee from the Company when Grantee's Employee's age plus years of service with the Company (in each case measured in complete, whole years) equals or exceeds 67, provided that at the date of termination Grantee Employee is at least 58 years of age and has completed at least five (5) years of service with the Company. View More
Found in Red Robin Gourmet Burgers, Inc. contract
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Vesting Termination of Employment. (a) Vesting. One hundred percent (100%) of the Restricted Stock Units shall vest and no longer be subject to forfeiture on March 9, 2015 (the "Lapse Date"), subject to the Participant's continued Employment with the Company or its Affiliates until such date. (b) Termination of Employment. If the Participant's Employment with the Company and its Affiliates terminates for any reason, the Restricted Stock Units shall, to the extent that the Lapse Date has not occurred, be canceled by the Company wi...thout consideration; provided that upon termination of the Participant's Employment by the Company and its Affiliates without Cause, by the Participant for Good Reason, or due to the Participant's death, Disability or Retirement, then a number of Restricted Stock Units equal to (x) the total number of Restricted Stock Units multiplied by (y) a fraction, the numerator of which is the number of the Participant's days of employment from March 9, 2012 through the date of termination and the denominator of which is 1,095, shall vest and no longer be subject to forfeiture as of the date of such termination, and any remaining Restricted Stock Units shall be canceled by the Company without consideration. For purposes hereof, the Restricted Stock Units that vest upon a Participant's termination of employment shall be paid only upon the Participant's separation from service within the meaning of Code Section 409A. View More
Found in Cooper-Standard Holdings Inc. contract
Vesting Termination of Employment. (a) Vesting. One hundred percent (100%) of the Restricted Stock Units shall vest and no longer be subject to forfeiture on March 9, 2015 the first anniversary of the Date of Grant (the "Lapse Date"), subject to the Participant's continued Employment with the Company or its Affiliates Affiliate until such date. (b) Termination of Employment. Notwithstanding anything to the contrary contained in any agreement between the Participant and the Company, the treatment of the Restricted Stock Units foll...owing Participant's termination of Employment shall be governed exclusively by the Plan and this Agreement, except to the extent that capitalized terms used in the Plan or this Agreement are specifically defined by reference to such employment agreement. If the Participant's Employment with the Company and its Affiliates terminates for any reason, the Restricted Stock Units shall, to the extent that the Lapse Date has not occurred, be canceled by the Company without consideration; provided that upon termination removal of the Participant's Employment by Participant from the Company and its Affiliates Board without Cause, by the Participant for Good Reason, or due to the Participant's death, Disability death or Retirement, Disability, then a number of Restricted Stock Units equal to (x) the total number of Restricted Stock Units multiplied by (y) a fraction, the numerator of which is the number of the Participant's days of employment Employment from March 9, 2012 the Date of Grant through the date of termination and the denominator of which is 1,095, 365, shall vest and no longer be subject to forfeiture as of the date of such termination, and any remaining Restricted Stock Units shall be canceled by the Company without consideration. For purposes hereof, the Restricted Stock Units that vest upon a Participant's termination of employment Employment shall be paid only upon the Participant's separation from service within the meaning of Code Section 409A. View More
Found in Cooper-Standard Holdings Inc. contract
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