Vesting Contract Clauses (4,221)

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. One third (1/3rd) of the total number of the Stock Units shall vest immediately on the Award Date. Subject to Section 8 below, the remainder of the Award shall vest and become nonforfeitable with respect to one third (1/3rd) of the total number of the Stock Units (subject to adjustment under Section 7.1 of the Plan) on each of the first and second anniversaries of the Award Date. 1 4. Continuance of Employment. The vesting schedule requires continued employment or service through each applicable... vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 8 below or under the Plan. Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the Corporation, affects the Participant's status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, interferes in any way with the right of the Corporation or any of its Subsidiaries at any time to terminate such employment or services, or affects the right of the Corporation or any of its Subsidiaries to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. View More
Vesting. One third (1/3rd) [The Award shall vest, and restrictions imposed on the Restricted Shares pursuant to Section 6(a) below shall lapse, with respect to 25% of the total number of the Stock Units shall vest immediately on the Award Date. Subject to Section 8 below, the remainder of the Award shall vest and become nonforfeitable with respect to one third (1/3rd) of the total number of the Stock Units Restricted Shares (subject to adjustment under Section 7.1 7.3.1 of the Plan) on each of the first ...first, second, third and second fourth anniversaries of the Award Date. 1 Date; provided that the Participant is employed by or providing services to the Corporation or one of its Affiliates on such date and has otherwise not previously incurred a Severance Date (as determined under the Plan).] [Confirm vesting schedule] 4. Continuance of Employment. Employment/Service Required; No Employment/Service Commitment. The vesting schedule in Section 3 requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services service as provided in Section 8 6 below or under the Plan. 1 Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the Corporation, Corporation or any of its Affiliates, affects the Participant's status status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, Affiliate, interferes in any way with the right of the Corporation or any of its Subsidiaries Affiliate at any time to terminate such employment or services, service, or affects the right of the Corporation or any of its Subsidiaries Affiliate to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. View More
View Variation
Vesting. The Restricted Shares shall vest pursuant to those terms set forth in the Notice of Award. Until vesting has been achieved, the Restricted Shares shall be referred to as Unvested Restricted Shares. Upon vesting, the Restricted Shares shall be referred to as Vested Restricted Shares and shall be released from escrow. However, certificates for Vested Restricted Shares shall bear a restrictive legend that indicates, among other things, that the Vested Restricted Shares are subject to the restrictio...ns on transfer set forth in this Award Agreement. View More
Vesting. The Restricted Shares shall vest pursuant to those terms set forth in the Notice Part I of Award. this Award Agreement. Until vesting has been achieved, the Restricted Shares shall be referred to as Unvested Restricted Shares. Upon vesting, the Restricted Shares shall be referred to as Vested Restricted Shares and shall be released from escrow. However, certificates for Vested Restricted Shares shall bear a the restrictive legend that indicates, among other things, that the Vested Restricted Sha...res are subject to the restrictions on transfer legends set forth in this Award Agreement. Section 15, below. View More
View Variation
Vesting. Unless earlier terminated, forfeited, relinquished or expired, the Restricted Stock Units shall vest as follows: [—].
Vesting. Unless earlier terminated, forfeited, relinquished or expired, the Restricted Stock Units shall vest as follows: [—]. [●].
View Variation
Vesting. (a) Generally. Subject to the acceleration of the Vesting pursuant to Section 3(b) or (d) below, or the forfeiture and termination of the Awarded RSUs pursuant to Section 3(c) below, the Awarded RSUs will vest according to the Vesting Schedule described on the attached Notice of Award. All Vested Awarded RSUs shall be paid to the Grantee as provided in Section 6 hereof. (b) Death, Disability or Retirement. If, after the award of the Awarded RSUs and while employed by the Company or one of its su...bsidiaries or affiliates, the Grantee dies, becomes disabled (and leaves the Company or one of its subsidiaries or affiliates) in accordance with any Company disability policy then in effect, or retires from employment with the Company or one of its subsidiaries or affiliates under any Company retirement plan then in effect, then any and all unvested Awarded RSUs shall immediately Vest in full. 2 (c) Other Employment Termination. Subject to Section 4(j), if the Grantee or the Company or one of its subsidiaries or affiliates otherwise terminates the Grantee's employment, any and all Awarded RSUs that are not Vested at such time shall be forfeited, cancelled and terminated upon such termination. For purposes of this Section 2(d), the applicable termination date shall be Grantee's final day performing his or her job duties, without regard to any severance or garden leave arrangement. (d) Change in Control. If a Change in Control of the Company (as defined in Section 11(d) below) occurs and Grantee's employment is terminated by the Company or one of its subsidiaries or affiliates without Cause (as defined in Section 11(e) below) (other than for death or disability) or by Grantee for Good Reason (as defined in Section 11(f) below), in either case, within two years following the Change in Control, any and all unvested Awarded RSUs shall immediately Vest in full. View More
Vesting. (a) Generally. Subject to the acceleration of the Vesting pursuant to Section 3(b) 2(b), (c) or (d) (e) below, or the forfeiture and termination of the Awarded RSUs pursuant to Section 3(c) 2(d) below, the Awarded RSUs will vest according to the Vesting Schedule described on the attached Notice of Award. All Vested Awarded RSUs shall be paid to the Grantee as provided in Section 6 5 hereof. (b) Death, Disability Death or Retirement. Disability. If, after the award of the Awarded RSUs and while e...mployed by the Company or one of its subsidiaries or affiliates, the Grantee dies, dies or becomes disabled (and leaves the Company or one of its subsidiaries or affiliates) in accordance with any Company disability policy then in effect, or then any and all unvested RSUs shall immediately Vest in full. (c) Retirement. If the Grantee retires from employment with the Company or one of its subsidiaries or affiliates under any Company retirement plan then 1 in effect, then any and all unvested Awarded RSUs shall immediately Vest in full. 2 (c) Notwithstanding the preceding sentence, the RSUs must be outstanding for a minimum holding period prior to the retirement date in order for the accelerated vesting to occur. For a grant vesting 100% in three years, this holding period shall be one year for the entire grant. For a grant vesting 50% in three years and 50% in four years, this holding period shall be one year for the portion vesting in three years and two years for the portion vesting in four years. (d) Other Employment Termination. Subject to Section 4(j), 3(j), if the Grantee or the Company or one of its subsidiaries or affiliates otherwise terminates the Grantee's employment, any and all Awarded RSUs that are not Vested at such time shall be forfeited, cancelled and terminated upon such termination. For purposes of this Section 2(d), the applicable termination date shall be Grantee's final day performing his or her job duties, without regard to any severance or garden leave arrangement. (d) (e) Change in Control. If a Change in Control of the Company (as defined in Section 11(d) 10(d) below) occurs and Grantee's employment is terminated by the Company or one of its subsidiaries or affiliates without Cause (as defined in Section 11(e) 10(e) below) (other than for death or disability) or by Grantee for Good Reason (as defined in Section 11(f) 10(f) below), in either case, within two years following the Change in Control, any and all unvested Awarded RSUs shall immediately Vest in full. View More
View Variation
Vesting. Except as otherwise provided in this Agreement or the Plan, each Restricted Share shall become vested, and the restrictions applicable to the Restricted Share under Sections 4 and 5 below shall lapse, over a period commencing on the Grant Date and ending on the applicable vesting date in respect of such Restricted Share specified in the vesting schedule set forth in the Grant Notice (such period, the "Restricted Period"); provided, however, that, subject to the provisions of the Plan, no Restric...ted Shares shall vest following the Grantee's Termination of Employment. View More
Vesting. Except as otherwise provided in this Agreement or the Plan, each share of Restricted Share Stock shall become vested, and the restrictions applicable to the share of Restricted Share Stock under Sections 4 and 5 below shall lapse, over a period commencing on the Grant Date and ending on the applicable vesting date in respect of such share of Restricted Share Stock specified in the vesting schedule set forth in the Grant Notice (such period, the "Restricted Period"); provided, however, that, subj...ect to the provisions of the Plan, no shares of Restricted Shares Stock shall vest following the Grantee's Termination of Employment. View More
View Variation
Vesting. (a) Vesting Schedule. The Option shall vest and become exercisable on the as follows: (b) Unvested Options. Any portion of the Option that is not vested as of the date of a Participant's Termination for any reason shall terminate and expire on the date of such Termination.
Vesting. (a) Vesting Schedule. The Option shall vest and become exercisable on the as follows: [INSERT SCHEDULE] (b) Unvested Options. Any portion of the Option that is not vested as of the date of a Participant's Termination for any reason shall terminate and expire on the date of such Termination.
View Variation
Vesting. Except as otherwise permitted by the Committee and as provided in the immediately following paragraph, the Participant's rights under the Plan and this Agreement are personal, and no assignment or transfer of the Participant's rights under and interest in this Award may be made by the Participant other than by a domestic relations order. This Award is payable during his lifetime only to the Participant, or in the case of the Participant being mentally incapacitated, this Award shall be payable t...o his guardian or legal representative. The Participant may designate a beneficiary or beneficiaries (the "Beneficiary") to whom the Award under this Agreement, if any, will pass upon the Participant's death and may change such designation from time to time by filing with the Company a written designation of Beneficiary on the form attached hereto as Exhibit A, or such other form as may be prescribed by the Committee; provided that no such designation shall be effective unless so filed prior to the death of the Participant and no such designation shall be effective as of a date prior to receipt by the Company. The Participant may change his Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Company. The last such designation that the Company receives in accordance with the foregoing provisions will be controlling. Following the Participant's death, the Award, if any, will pass to the designated Beneficiary and such person will be deemed the Participant for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated Beneficiary does not survive the Participant's death, the Award shall pass by will or, if none, then by the laws of descent and distribution. View More
Vesting. Assignment of 2016 Performance Award. Except as otherwise permitted by the Committee and as provided in the immediately following paragraph, the Participant's rights under the Plan and this Agreement are personal, and no assignment or transfer of the Participant's rights under and interest in this 2016 Performance Award may be made by the Participant other than by a domestic relations order. This 2016 Performance Award is payable during his lifetime only to the Participant, or in the case of the... Participant being mentally incapacitated, this 2016 Performance Award shall be payable to his guardian or legal representative. The Participant may designate a beneficiary or beneficiaries (the "Beneficiary") to whom the 2016 Performance Award under this Agreement, if any, will pass upon the Participant's death and may change such designation from time to time by filing with the Company a written designation of Beneficiary on the form attached hereto as Exhibit A, or such other form as may be prescribed by the Committee; provided that no such designation shall be effective unless so filed prior to the death of the Participant and no such designation shall be effective as of a date prior to receipt by the Company. The Participant may change his Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Company. The last such designation that the Company receives in accordance with the foregoing provisions will be controlling. Following the Participant's death, the 2016 Performance Award, if any, will pass to the designated Beneficiary and such person will be deemed the Participant for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated Beneficiary does not survive the Participant's death, the 2016 Performance Award shall pass by will or, if none, then by the laws of descent and distribution. View More
View Variation
Vesting. Unless otherwise terminated as provided by this Agreement, this option will vest (and thereby become exercisable) as follows: ____ of the number of Shares will vest at the end of each full month of employment. Vesting will depend on Employee's continued employment with the Company through the applicable vesting date. The unvested portion of the Option shall not be exercisable. 1 4. Expiration. The vested portion of the options shall expire at 5:00 p.m. California time on the _________ anniversar...y of the date of grant. View More
Vesting. Unless otherwise terminated as provided by this Agreement, this option will vest (and thereby become exercisable) as follows: ____ of the number of Shares will vest at the end of each full month of employment. Vesting will depend on Employee's Optionee's continued employment [employment/services as director/service as a consultant] with the Company through the applicable vesting date. The unvested portion of the Option shall not be exercisable. 1 4. Expiration. The vested portion of the options ...shall expire at 5:00 p.m. California time on the _________ __________ anniversary of the date of grant. View More
View Variation
Vesting. 3.1. Vesting of Restricted Shares. The Restricted Shares earned shall be subject to risk of forfeiture depending on Continuous Service until they vest. In order to be earned the Grantee 3 must be a Company Employee on the date of performance certification. Except as otherwise provided herein, the portion of the Actual Award that constitutes the Restricted Shares shall vest and no longer be subject to risk of forfeiture over a three (3) year period beginning on the first anniversary of the date o...f performance certification in 2017, and ending on the third anniversary of the performance certification in 2019. Provided that the Grantee's period of Continuous Service has not ended before the respective anniversary dates of the date of performance certification in 2017, 2018 and 2019, the Restricted Shares will vest in equal one-third (1/3) increments each year (each an "anniversary date"). The period over which the Restricted Shares vest is referred to as the "Restricted Period." "Continuous Service" means that the Grantee's service with the Company as an Employee is not terminated. 3.2. Vesting of the Cash Payment. Except as otherwise provided in this Agreement, the portion of the Actual Award that constitutes the Cash Payment shall be vested on the performance certification date provided the Grantee is employed by the Company on that date. View More
Vesting. 3.1. (a) Vesting of Restricted Shares. The Restricted Shares earned shall be subject to risk of forfeiture depending on Continuous Service until they vest. In order to be earned the Grantee 3 must be a Company Employee on the date of performance certification. Certification Date. Except as otherwise provided herein, the portion of the Actual Award that constitutes the Restricted Shares shall vest and no longer be subject to risk of forfeiture over a three (3) year period beginning on the first a...nniversary of the date of performance certification Certification Date in 2017, 2018, and ending on the third anniversary of the performance certification Certification Date in 2019. 2020. Provided that the Grantee's period of Continuous Service has not ended before the respective anniversary dates of the date of performance certification Certification Date in 2017, 2018 2018, 2019 and 2019, 2020, the Restricted Shares will vest in equal one-third (1/3) increments each year (each an 3 "anniversary date"). The period over which the Restricted Shares vest is referred to as the "Restricted Period." "Continuous Service" means that the Grantee's service with the Company as an Employee is not terminated. 3.2. (b) Vesting of the Cash Payment. Except as otherwise provided in this Agreement, the portion of the Actual Award that constitutes the Cash Payment shall be vested on the performance certification date Certification Date provided the Grantee is employed by the Company on that date. View More
View Variation
Vesting. Unless earlier terminated or forfeited, the Stock Options will vest according to the vesting schedule set forth in the Notice, provided that the Participant remains continuously Employed through the applicable vesting date.
Vesting. Unless earlier terminated or forfeited, the Stock Options will vest according to the vesting schedule set forth in the Notice, provided that the Participant remains continuously Employed a member of the Board through the applicable vesting date.
View Variation