Vesting Clause Example with 4 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. The DSUs described in this Award Agreement will vest as follows: (a)General Vesting. If your Board services continue from the Grant Date until the earlier of January 31, 2015 or the date of the annual meeting of the Company's shareholders in 2015 (the "Vesting Date"), your DSUs described in this Award Agreement will become 100% vested on the Vesting Date, including any DSUs credited pursuant to Section 5 on or prior to the Vesting Date. Any DSUs received pursuant to Section 5 following the Vesti...ng Date will be 100% vested on the date they are credited to you; or(b)Accelerated Vesting. Your DSUs described in this Award Agreement, including any DSUs credited pursuant to Section 5, will become 100% vested as of the date you Terminate because of your death or because you become Disabled. For purposes of this Award Agreement, "Disabled" means that you have been determined to be totally disabled by the Social Security Administration. View More
Found in Scotts Miracle-Gro Company contract

Variations of a "Vesting" Clause from Business Contracts

Vesting. The DSUs RSUs described in this Award Agreement will vest as follows: (a)General Vesting. If your Board services continue from the Grant Date until the earlier of January 31, 2015 or the date of the annual meeting of the Company's shareholders in 2015 (the "Vesting Date"), your DSUs described in this Award Agreement will become 100% vested on the Vesting Date, Agreement, including any DSUs RSUs credited pursuant to Section 5 on or prior to the Vesting Date (as defined below) will vest as follows...: (a) General Vesting. If your Board service continues from the Grant Date until the first anniversary of the Grant Date, in this case [Date] (the "Vesting Date"), your RSUs described in this Award Agreement, including any RSUs credited pursuant to Section 5, will become 100% vested on the Vesting Date. Any DSUs RSUs received pursuant to Section 5 following the Vesting Date will be 100% vested on the date they are credited to you; or(b)Accelerated or (b) Accelerated Vesting. Your DSUs Under the following circumstances, your RSUs described in this Award Agreement, including any DSUs RSUs credited pursuant to Section 5, will vest earlier than the Vesting Date: (i)If you Terminate from the Board prior to the Vesting Date, provided your board service has continued at least through the date of the Company's [Year] Annual Meeting of Shareholders, your RSUs will become 100% vested as of on the date of your Termination; (ii)If you Terminate because of your death or because you become Disabled. Disabled, your RSUs will become 100% vested as of the date of such event and will be settled in accordance with Section 4 of this Award Agreement. For purposes of this Award Agreement, "Disabled" means that you have been determined to be totally disabled by the Social Security Administration. View More
Found in Scotts Miracle-Gro Company contract
Vesting. The DSUs described in this Award Agreement will vest as follows: (a)General Vesting. If your Board services continue from the Grant Date until the earlier of January 31, 2015 or the date third anniversary of the annual meeting of the Company's shareholders Grant Date, in 2015 this case [Vesting Date] (the "Vesting Date"), your DSUs described in this Award Agreement will become 100% vested on the Vesting Date, including any DSUs credited received pursuant to Section 5 on or prior to the Vesting D...ate. Any DSUs received pursuant to Section 5 following the Vesting Date will be 100% vested on the date they are credited to you; or(b)Accelerated or (b)Accelerated Vesting. Your Under the following circumstances, your DSUs described in this Award Agreement, including any DSUs credited pursuant to Section 5, Agreement will become 100% vested as of vest earlier than the date Vesting Date: (i)If you Terminate because of your death or because you become Disabled. Disabled (as defined below), all of your DSUs will become 100% vested as of the date of such event. For purposes of this Award Agreement, "Disabled" means that you have been determined to be totally disabled by the Social Security Administration. Administration; or (ii)If you Terminate for a reason other than Cause after completing at least five full years of continuous service and are at least age 50, all DSUs will become 100% vested as of the date of such event. View More
Found in Scotts Miracle-Gro Company contract
Vesting. The DSUs RSUs described in this Award Agreement Agreement, including any RSUs credited pursuant to Section 5 on or prior to the Vesting Date (as defined below) will vest as follows: (a)General Vesting. If your Board services continue from the Grant Date until On the earlier of January 31, 2015 (i) the first anniversary of the Grant Date, or (ii) the date of the annual meeting Company's next Annual Meeting of the Company's shareholders in 2015 Shareholders (the "Vesting Date"), your DSUs RSUs des...cribed in this Award Agreement will become 100% vested on the Vesting Date, including any DSUs credited pursuant to Section 5 on or prior to the Vesting Date. Any DSUs RSUs received pursuant to Section 5 following the Vesting Date will be 100% vested on the date they are credited to you; or(b)Accelerated or (b)Accelerated Vesting. Your DSUs RSUs described in this Award Agreement, including any DSUs RSUs credited pursuant to Section 5, will become 100% vested as of the date you Terminate because of your death or because you become Disabled. For purposes of this Award Agreement, "Disabled" means that you have been determined to be totally disabled by the Social Security Administration. View More
Found in Scotts Miracle-Gro Company contract
Vesting. The DSUs described in this Award Agreement will vest as follows: (a)General Vesting. If your Board services continue from the Grant Date until the earlier of January 31, 2015 [Date] or the date of the annual meeting of the Company's shareholders in 2015 [Date] (the "Vesting Date"), your DSUs described in this Award Agreement will become 100% vested on the Vesting Date, including any DSUs credited pursuant to Section 5 on or prior to the Vesting Date. Any DSUs received pursuant to Section 5 follo...wing the Vesting Date will be 100% vested on the date they are credited to you; or(b)Accelerated or(b)[Accelerated Vesting. Your DSUs described in this Award Agreement, including any DSUs credited pursuant to Section 5, will become 100% vested as of the date you Terminate because of your death or because you become Disabled. For purposes of this Award Agreement, "Disabled" means that you have been determined to be totally disabled by the Social Security Administration. Administration.] (c)[If you Terminate for a reason other than Cause after completing at least five full years of continuous service and are at least age 50, all DSUs will become 100% vested as of the date of such event.] View More
Found in Scotts Miracle-Gro Company contract