Grouped Into 292 Collections of Similar Clauses From Business Contracts
This page contains Vesting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Vesting. The Option shall vest as follows: (i) twenty-five percent (25%) of the Option shall vest on the first annual anniversary of the date of grant; and (ii) as of the first day of each calendar month after the first annual anniversary of the date of grant, an additional 2.0833% of the Option shall vest; so that on the fourth annual anniversary of the date of grant, 100% of the Option will become vested. Notwithstanding the foregoing, in the event of a Change of Control (as hereinafter defined) and (x...) the Participant experiences an involuntarily Termination of Service for reasons other than Cause, or (y) the Participant experiences a Termination of Service for Good Reason, in either case, on or within one (1) year after the date of the Change of Control, the unvested portion of the Option will become vested as of such Termination of Service.View More
Vesting. The Option shall vest as follows: (i) twenty-five percent (25%) of the Option shall vest on the first annual anniversary of the date of grant; and (ii) as of the first day of each calendar month after the first annual anniversary of the date of grant, an additional 2.0833% of the Option shall vest; so that on the fourth annual anniversary of the date of grant, 100% of the Option will become vested. Notwithstanding the foregoing, in the event of a Change of Control (as hereinafter defined) and (x...) the Participant experiences an involuntarily Termination of Service for reasons other than Cause, or (y) the Participant experiences a Termination of Service for Good Reason, in either case, on or within one (1) year after the date of the Change of Control, the unvested portion of the Option will become vested as of such Termination of Service. 2 5. Anti-Dilution Provisions. In the event that, during the term of the Option, there is any change in the number or kind of shares of outstanding Stock of the Company by reason of stock dividends, recapitalizations, mergers, consolidations, split-ups, combinations or exchanges of shares and the like, the number of underlying Shares covered by the Option and the exercise price thereof shall be adjusted, to the same proportionate number of Shares and price as in the original grant of the Option. View More
Vesting. This Option may be exercised only to the extent it is vested on the vesting dates in accordance with the Vesting Schedule set forth in the Summary of Stock Option Grant. The vested percentage indicated in such Vesting Schedule shall be exercisable, as to all or part of the vested shares, at any time or times after the respective vesting date and until the expiration or termination of the Option. The unvested portion of this Option shall terminate and be forfeited immediately on the date of the P...articipant's termination of employment or service with the Company, the Subsidiaries and the Affiliated Entities, subject to accelerated vesting on termination in certain circumstances as set forth herein or in the Plan.View More
Vesting. This Option may be exercised only to the extent it is vested on the vesting dates in accordance with the Vesting Schedule set forth in the Summary of Stock Option Grant. The vested percentage indicated in such Vesting Schedule shall be exercisable, as to all or part of the vested shares, at any time or times after the respective vesting date and until the expiration or termination of the Option. The unvested portion of this Option shall terminate and be forfeited immediately on the date of the P...articipant's termination of employment or service with the Company, the Subsidiaries and the Affiliated Entities, subject to accelerated vesting on termination in certain circumstances as set forth herein or in the Plan. Notwithstanding any other provision in the Plan or in this Agreement to the contrary, this Option shall be immediately vested, fully earned and exercisable upon the occurrence of a Change of Control Event. View More
Vesting. This Option may be exercised only to the extent it is vested on the vesting dates in accordance with the Vesting Schedule set forth in the Summary of Stock Option Grant. Award. The vested percentage indicated in such Vesting Schedule shall will be exercisable, as to all or part of the vested shares, at any time or times after the respective vesting date and until the expiration or termination of the Option. The unvested portion vesting of this Option shall terminate and may be forfeited immediat...ely on the date of the Participant's termination of employment or service with the Company, the Subsidiaries and the Affiliated Entities, subject to accelerated vesting on termination in certain circumstances events as set forth herein or in the Plan. View More
Vesting. (a) Subject to the provisions of Sections 3(b) and 3(c) hereof, the RSUs subject to this Award shall become vested as follows, provided that the Participant has not incurred a Termination prior to each such vesting date: Vesting Date Number of RSUs [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant's continued service with the Comp...any or any of its Subsidiaries on each applicable vesting date. (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason. (c) Forfeiture. Subject to the Committee's discretion to accelerate vesting hereunder, all unvested RSUs shall be immediately forfeited upon the Participant's Termination for any reason.View More
Vesting. (a) Subject to the provisions of Sections 3(b) and 3(c) hereof, the RSUs Restricted Stock subject to this Award grant shall become unrestricted and vested as follows, of the date(s) set forth below, provided that the Participant has not incurred a Termination of Service prior to each such vesting date: date [and the performance criteria applicable to the Restricted Stock that is eligible to vest on such vesting date, set forth in Exhibit A attached to this Agreement, are satisfied]: Vesting Date... Number of RSUs Shares [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant's continued employment or service with the Company or any of its Subsidiaries Affiliates on each applicable vesting date. date [and satisfaction of the applicable performance criteria]. (b) Committee Discretion to Accelerate Vesting. Discretion. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated accelerate vesting of the RSUs Restricted Stock [and/or waive the satisfaction of any applicable performance criteria] at any time and for any reason. (c) Forfeiture. Subject to the Committee's discretion to accelerate vesting hereunder, all unvested RSUs shares of Restricted Stock [that are not eligible to vest after the Participant's Termination of Service] shall be immediately forfeited upon the Participant's Termination of Service for any reason. View More
Vesting. (a) Subject to the provisions of Sections 3(b) and 3(c) hereof, the RSUs Restricted Stock subject to this Award grant shall become unrestricted and vested as follows, provided that the Participant has not incurred a Termination prior to each such vesting date: Vesting Date Number of RSUs Shares [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date, subject to th...e Participant's continued service with the Company or any of its Subsidiaries on each applicable vesting date. (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated accelerate vesting of the RSUs Restricted Stock at any time and for any reason. (c) Forfeiture. Subject to the Committee's discretion to accelerate vesting hereunder, all unvested RSUs shares of Restricted Stock shall be immediately forfeited upon the Participant's Termination for any reason. View More
Vesting. Except as provided in Section 8(a), the vesting of your PSUs is dependent upon your remaining continuously employed with Stryker through March 21, 2020 (the "Vesting Date") as well as upon the Company's financial performance during the three-year period ending December 31, 2019 (the "Performance Period"). Specifically, the vesting of any of the PSUs is dependent upon attainment of the Threshold Performance Target as set forth in Section 3. If the Threshold Performance Target is attained, then th...e vesting of 50% of the PSUs (the "EPS PSUs") is dependent on Adjusted EPS Growth as set forth in Section 4, and vesting of the remaining 50% of the PSUs (the "Sales Growth PSUs") is dependent on the Sales Growth Percentile Ranking as set forth in Section 5. The actual number of your PSUs that become vested, if any, shall be determined based on exercise of negative discretion by the Committee in accordance with Sections 4, 5 and 6 below.View More
Vesting. Except as provided in Section 8(a), 6, the vesting of your PSUs is dependent upon your remaining continuously employed with Stryker through March 21, 2020 2017 (the "Vesting Date") as well as upon the Company's financial performance during the three-year period ending December 31, 2019 2016 (the "Performance Period"). Specifically, the vesting of any of the PSUs is dependent upon attainment of the Threshold Performance Target as set forth in Section 3. If the Threshold Performance Target is atta...ined, then the vesting of 50% of the PSUs (the "EPS PSUs") is dependent on upon Adjusted EPS Growth as set forth in Section 4, 3, and the vesting of the remaining 50% of the PSUs (the "Sales Growth PSUs") is dependent on upon the Sales Growth Percentile Ranking as set forth in Section 5. The actual number of your PSUs that become vested, if any, shall be determined based on exercise of negative discretion by the Committee in accordance with Sections 4, 5 and 6 below. 4. View More
Vesting. This Option will vest, if at all, in accordance with the vesting schedule set forth in the Grant Notice, provided that vesting will cease upon the termination of your Continuous Service.
Vesting. This Subject to the limitations contained herein, this Option will vest, if at all, in accordance with the vesting schedule set forth in the Grant Notice, provided that vesting will cease upon the termination of your Continuous Service.
Vesting. This Option will vest, if at all, in accordance with the vesting schedule set forth in the Grant Notice, provided that vesting Notice. Vesting will cease upon the termination of your Continuous Service.
Vesting. This Option will vest, if at all, in accordance with the vesting schedule set forth in the Grant Notice, provided that vesting Notice. Vesting will cease upon the termination of your Continuous Service.
Vesting. The Option granted pursuant to the Agreement ("Option") may be exercised, in whole or in part, but only as to the number of Shares as to which the right to exercise has vested at the time of exercise, during the period beginning [ ], 2012 (one year from the date on which it was granted), and ending [ ], 2021 (ten years from the date on which Option was granted.)
Vesting. The Option granted pursuant to the Agreement ("Option") may be exercised, in whole or in part, but only as to the number of Shares as to which the right to exercise has vested at the time of exercise, during the period beginning [ ], 2012 2011 (one year from the date on which it was granted), and ending [ ], 2021 (ten 2017 (seven years from the date on which Option was granted.)
Vesting. (a) In General. Subject to the provisions of the Plan and the limitations contained herein, your Award will vest as provided above; provided that vesting will cease upon the termination of your employment (except as set forth below in Section 1(b) and (c)), and any unvested portion of your Option will be forfeited (and, in the case of termination for Cause, the vested portion of your Option will also be forfeited). (b) Vesting Acceleration Upon Termination due to Death or Disability. Notwithstan...ding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company due to your death or Disability, then any unvested portion of your Option will vest on the date of your termination of employment. (c) Vesting Acceleration Upon Termination in Connection with a Change of Control. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated (x) by the Company without Cause or (y) by you for Good Reason, in either case within twelve (12) months following a Change of Control (or during the six month period prior to a Change of Control if such termination was in contemplation of, and directly related to, the Change of Control), then any portion of your Option that was not cancelled in connection with such Change of Control in exchange for a cash payment will vest on the date of your termination of employment [(or on the date of the Change of Control if such termination occurs during the six month period prior to a Change of Control)], conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Equity Grant Date; and (ii) delivering to the Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination.View More
Vesting. (a) In General. Subject to the provisions of the Plan and the limitations contained herein, your Award will vest as provided above; provided you are employed by the Company or one of its Subsidiaries through the applicable Vesting Date [and continue to comply with the restrictive covenants in Sections 11 and 12]1; provided that vesting will cease upon the termination your Termination of your employment Service (except as set forth below in Section 1(b) and (c)), through (d)), and any unvested po...rtion of your Option will be forfeited (and, in the case of termination your Termination of Service for Cause, the vested portion of your Option will also be forfeited). (b) Vesting Acceleration Upon Termination of Service due to Death or Disability. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that of your employment is terminated Termination of Service by the Company due to your death or Disability, then any unvested portion of your Option will vest on the date of your termination Termination of employment. Service. (c) Vesting Acceleration Upon Termination of Service without Cause [or for Good Reason]2 in Connection with a Change of Control. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that of your employment is terminated (x) Termination of Service [(x)] by the Company without Cause or [or (y) by you for Good Reason, Reason][, in either case case] within twelve (12) months following a Change of Control (or during the six month period prior to a Change of Control if such termination Termination of Service was in contemplation of, and directly related to, the Change of Control), then any unvested portion of your Option that was not cancelled in connection with such Change of Control in exchange for a cash payment will vest on the date of your termination Termination of employment [(or on the date of the Change of Control if such termination occurs during the six month period prior to a Change of Control)], Service, conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Equity Grant Date; and (ii) delivering to the Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination. Termination of Service. View More
Vesting. (a) In General. Subject to the provisions of the Plan and this Award Agreement, one-third of the limitations contained herein, your Award will shall vest as on each of the first three anniversaries of the Date of Grant (each such anniversary, a "Vesting Date"); provided above; provided that vesting you are employed through the applicable Vesting Date. Vesting will cease upon the termination of your employment (except as set forth below in Sections 2(b), (c), and (d)). Any Stock Units that did no...t become vested prior to your termination of employment or that do not become vested according to the provisions in this Section 1(b) and (c)), and any unvested portion 2 shall be forfeited immediately following the date of your Option will termination of employment. Settlement of vested Awards shall be forfeited (and, in the case pursuant to Section 3 below. (b) Accelerated Vesting upon a Termination of termination for Cause, the vested portion of your Option will also be forfeited). (b) Vesting Acceleration Upon Termination Employment due to Death or Disability. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company due to your death or Disability, then any unvested portion of your Option Restricted Stock Units will vest on the date of your termination of employment. (c) Accelerated Vesting Acceleration Upon upon a Termination of Employment without Cause or for Good Reason. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated by the Company without Cause [or by you for Good Reason], then an additional number of your Restricted Stock Units will vest as of the date of your termination, equal to the number of your unvested Restricted Stock Units multiplied by a fraction, the numerator of which is the number of days from the prior Vesting Date through the date of your termination, and the denominator of which is 365, conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Date of Grant; and (ii) delivering to the Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination. (d) Accelerated Vesting upon a Termination of Employment in Connection with a Change of Control. Notwithstanding the foregoing and any other provisions of the Plan to the contrary, in the event that your employment is terminated (x) by the Company without Cause or (y) by you for Good Reason, in either case within twelve (12) months following a Change of Control (or during the six month period prior to a Change of Control if such termination was in contemplation of, and directly related to, the Change of Control), then any portion of your Option Restricted Stock Units that was not cancelled in connection with such Change of Control in exchange for a cash payment will vest on the date of your termination of employment [(or on the date of the Change of Control if such termination occurs during the six month period prior to a Change of Control)], conditioned on you (i) having been employed at the Company for at least twelve (12) months following the Equity Grant Date; Date of Grant; and (ii) delivering to the Company, and failing to revoke, a signed release of claims acceptable to the Company within fifty-five (55) days following the date of your termination. View More
Vesting. Subject to the terms and conditions of this Agreement, the Shares shall vest, and the restrictions with respect to the Shares shall lapse, in installments on the dates and in the amounts set forth in the attached Restricted Stock Award Certificate for Directors if the Director remains continuously a Director of the Corporation until the respective vesting dates.
Vesting. Subject to the terms and conditions of this Agreement, the Shares shall vest, and the restrictions with respect to the Shares shall lapse, in installments on the dates and in the amounts set forth in the attached Restricted Stock Award Certificate for Directors if the Director Executive Officer remains continuously a Director of employed by the Corporation until the respective vesting dates.
Vesting. This Restricted Stock Units subject to this Award shall vest on each Vesting Date in accordance with the vesting conditions set forth in each Award Supplement; provided the Participant has not had a Termination of Service prior to each Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. If all or a portion of the Restricted Stock Units is not vested on the date of Participant's Termination of Service, the unvested portion of the Restricted ...Stock Units shall be automatically forfeited in its entirety as of the date of such Termination of Service.View More
Vesting. This Restricted Stock Units subject to this Award shall fully vest on each Vesting the first anniversary of the Grant Date in accordance with the vesting conditions set forth in each Award Supplement; (the "Vesting Date"); provided the Participant has not had a Termination of Service prior to each the Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each the Vesting Date. If all or a portion of the Restricted Stock Units is not vested on the date of Partic...ipant's Termination of Service, the unvested portion of the Restricted Stock Units shall be automatically forfeited in its entirety as of the date of such Termination of Service. In the event of a Change in Control, all unvested Restricted Stock Units shall vest and shall be paid in accordance with Section 3 below. View More
Vesting. 3.1Except as otherwise provided herein, provided that the Participant remains in Continuous Service through the applicable vesting date, the Restricted Share Units will vest, and no longer be subject to any restrictions, in accordance with the schedule set forth in the Award (the period during which restrictions apply, the "Restricted Period"): 3.2The foregoing vesting schedule notwithstanding, if the Participant's Continuous Service terminates for any reason at any time before all of his or her... Restricted Share Units have vested, the Participant's unvested Restricted Share 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 Participant under this Agreement.View More
Vesting. 3.1Except as otherwise provided herein, provided that the Participant remains in Continuous Service through the applicable vesting date, the Performance-Based Restricted Share Units will vest, and no longer be subject to any restrictions, in accordance with the vesting schedule set forth in the Award (the period during which restrictions apply, the "Restricted Period"): 3.2The foregoing vesting schedule notwithstanding, if the Participant's Continuous Service terminates for any reason at any tim...e before all of his or her Performance-Based Restricted Share Units have vested, the Participant's unvested Performance-Based Restricted Share 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 Participant under this Agreement. View More
