Vesting Clause Example with 7 Variations from Business Contracts
This page contains Vesting 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. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): Vesting Date Number of Restricted Stock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER ...OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated by the Company without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on the Grantee's date of termination.View More
Variations of a "Vesting" Clause from Business Contracts
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Continuous Service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): 1 Vesting Date Date: Number of Restricted Stock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DA...TE] [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] Vest: [ ], 2017 [ ], 2018 [ ], 2019 Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the his or her Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated by the Company without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on the Grantee's date of termination.View More
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Continuous Service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): schedule: Vesting Date Number of RestrictedStock Units That Vest August 8, 2013 50 % The last day of each calendar month beginning August... 2013 2.0833 % Provided, that (subject to Section 10.2) all previously unvested Restricted Stock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] shall vest upon the first anniversary of a Change in Control, if the Grantee's Continuous Service has persisted through such first anniversary of the Change in Control. Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, Except as provided in the next sentence, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the his or her Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units (except for unvested Restricted Stock Units which vest simultaneously with such termination) shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 with respect to such unvested Restricted Stock Units. The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated terminates as a result of the Grantee's death, Disability, a termination by the Company or an Affiliate without Cause or a termination by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case then (subject to Section 10.2) 100% of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on vest as of the Grantee's date of such termination. View More
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Continuous Service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): schedule: Vesting Date Number of Restricted Stock RestrictedStock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST... ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] The last day of each calendar month beginning August 2013 8.333 % Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, Except as provided in the next sentence, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the his or her Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units (except for unvested Restricted Stock Units which vest simultaneously with such termination) shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 with respect to such unvested Restricted Stock Units. The foregoing vesting schedule notwithstanding, (a) if the Grantee's Continuous Service terminates as a result of the Grantee's death, Disability, a termination by the Company or an Affiliate without Cause or a termination by the Grantee for Good Reason, then (subject to Section 10.2) 100% of the unvested Restricted Stock Units shall vest as of the date of such termination, and (b) if a Change in Control occurs and during the Grantee's Continuous Service is terminated by the Company without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case Service, then (subject to Section 10.2) 100% of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on vest as of the Grantee's date of termination. such Change in Control. View More
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Continuous Service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): schedule: Vesting Date Number of Restricted Stock RestrictedStock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST... ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] The last day of each calendar month beginning August 2013 20 % Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, Except as provided in the next sentence, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the his or her Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units (except for unvested Restricted Stock Units which vest simultaneously with such termination) shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 with respect to such unvested Restricted Stock Units. The foregoing vesting schedule notwithstanding, (a) if the Grantee's Continuous Service terminates as a result of the Grantee's death, Disability, a termination by the Company or an Affiliate without Cause or a termination by the Grantee for Good Reason, then (subject to Section 10.2) 100% of the unvested Restricted Stock Units shall vest as of the date of such termination, and (b) if a Change in Control occurs and during the Grantee's Continuous Service is terminated by the Company without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case Service, then (subject to Section 10.2) 100% of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on vest as of the Grantee's date of termination. such Change in Control. View More
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): Vesting Date Number of Restricted Stock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER ...OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] [ ] [ ] Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall not have any further obligations to the Grantee under this Agreement. 3.3 The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated by the Company without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on the Grantee's date of termination.View More
Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Continuous Service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the "Restricted Period"): schedule: Vesting Date Number of Restricted Stock Units That Vest [VESTING DATE] DATE 1] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE ...VESTING DATE] [VESTING DATE] DATE 2] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, Except as provided in the next sentence, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason other than as a result of the Grantee's death or Disability at any time before all of the his or her Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units (except for unvested Restricted Stock Units which vest simultaneously with such termination) shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 with respect to such unvested Restricted Stock Units. The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated by terminates under the Company without Cause circumstances and during the period as specified in Section 12.1(a) of the Plan pertaining to a "double trigger," or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case terminates as a result of the Grantee's termination death or Disability, then (subject to Section 10.2) 100% of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on vest as of the Grantee's date of such termination. View More
Vesting. 3.1 Except as otherwise provided stated herein, provided that the Grantee remains in continuous employment or other service ("Continuous Service") with the Company Service through the applicable vesting date, the right to receive Common Stock on the basis of the Restricted Stock Units will vest in accordance with the following schedule (the set forth below. The period during which restrictions apply, a Restricted Stock Unit is not vested is the "Restricted Period"): Period". Vesting Date Date/ C...onditions Number of Shares Underlying Restricted Stock Units That Vest [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF UNITS THAT VEST ON THE VESTING DATE] Once vested, the Restricted Stock Units become "Vested Units." 3.2 The foregoing vesting schedule notwithstanding, if the Grantee's Continuous Service terminates as a result of the Grantee's death or Disability, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. If the Grantee's Continuous Service terminates for any reason reason, other than as a result of by the Grantee's death Company or Disability its Affiliate without Cause or by the Grantee for Good Reason, at any time before all of the Grantee's Restricted Stock Units have vested, the Grantee's unvested Restricted Stock Units shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement. 3.3 The foregoing vesting schedule notwithstanding, if the Grantee's Service terminates as a result of a termination by the Company or its Affiliate without Cause or by the Grantee for Good Reason,, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. 3.4 The foregoing vesting schedule notwithstanding, if a Change in Control occurs and the Grantee's Continuous Service is terminated by the Company or its Affiliate without Cause or by the Grantee for Good Reason, and the Grantee's date of termination occurs (or in the case of the Grantee's termination of Continuous Service for Good Reason, the event giving rise to Good Reason occurs) within twelve (12) six months following the Change in Control, all unvested Restricted Stock Units shall automatically become 100% vested on the Grantee's date of termination. View More
