Vesting Clause Example from Business Contracts

Vesting. (a) Subject to the provisions contained herein, your Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice. Vesting will cease upon the termination of your Continuous Service for any reason. Upon such termination of your Continuous Service, any Stock Units credited to the Account that were not yet vested on the date of such termination will be forfeited at no cost to the Company and you will have no further right, title or interest in such Stock Units... or the shares of Common Stock to be issued in respect of such portion of the Award. (b) Notwithstanding the foregoing, the vesting of your Award shall be subject to acceleration in connection with a Change in Control as may be provided in any written agreement between you and the Company or any Affiliate that covers this Award, including but not limited to your employment agreement with the Company or an Affiliate or a change of control or severance plan maintained by the Company or an Affiliate in which you participate. View More