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. Except as otherwise specified in this Agreement and the Plan, the Units will vest as provided in the Grant Notice (the "Vesting Date"). Any Units which have not vested as of the date of your termination of Continuous Service shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee; provided, that: (a) If your Continuous Service terminates due to your death or Disability after the Vesting Commencement Date, the following... number of unvested Units automatically will become vested: (i) If such termination occurs within twelve (12) months following the Vesting Commencement Date, the number of unvested Units that will become vested will be Grant Date: [ ] 1 equal to (x) the number of days that have elapsed from the Vesting Commencement Date through the date of your termination of Continuous Service divided by three hundred sixty-five (365), multiplied by (y) the number of Units subject to your Award, rounded down to the nearest whole Unit, and such vesting will occur as of the date of your termination of Continuous Service (and such date will be deemed to be the "Vesting Date" for purposes of such Units); or (ii) If such termination occurs more than twelve (12) months following the Vesting Commencement Date, the number of unvested Units that will become vested will be equal to all of the unvested Units subject to your Award, and such vesting will occur as of the date of your termination of Continuous Service (and such date will be deemed to be the "Vesting Date" for purposes of such Units). The Award will immediately terminate following such vesting and the issuance of Shares pursuant to Section 6 below. (b) If, after the Vesting Commencement Date, your Continuous Service terminates due to your Retirement (as defined below), and (x) after such termination through the applicable Vesting Date you have at all times satisfied certain noncompetition, nonsolicitation and confidentiality conditions imposed by the Company (in its sole discretion) upon or promptly following such termination and (y) you provide the Company with a certification (in a form acceptable to the Company) that you have satisfied all such conditions during such period, the following number of unvested Units will continue to vest as provided in the Grant Notice: (i) If such termination occurs on or following December 31 of the calendar year in which the Vesting Commencement Date occurs, the number of unvested Units that will continue to vest as provided in the Grant Notice will be equal to the number of unvested Units subject to your Award; or (ii) If such termination occurs prior to December 31 of the calendar year in which the Vesting Commencement Date occurs, any Units which have not vested as of the date of such termination shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee. (c) For purposes of this Award: "Retirement" means your voluntary termination following your attainment of age fifty-eight (58). If you are eligible to qualify for Retirement under this subsection, you must provide evidence to that effect to the Company (in a form acceptable to the Company) on or before your termination date. With respect to the vesting of this Award, the provisions of this Section 4 shall apply and supersede the terms of any other plan, program or arrangement maintained by the Company or the Company Group or any other agreement between you and the Company or the Company Group.View More
Vesting. Except as otherwise specified in this Agreement and the Plan, the Units will vest as provided in the Grant Notice (the "Vesting Date"). Any Units which have not vested as of the date of your termination of Continuous Service shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee; provided, that: (a) If If, after the Vesting Commencement Date, your Continuous Service terminates due to your death or Disability after the... Vesting Commencement Date, Disability, the following number of unvested Units automatically will become vested: continue to vest as provided in the Grant Notice: (i) If such termination occurs within twelve (12) months following the Vesting Commencement Date, the number of unvested Units that will become vested continue to vest as provided in the Grant Notice will be Grant Date: [ ] 1 equal to (x) the number of days that have elapsed from the Vesting Commencement Date through the date of your termination of Continuous Service divided by three hundred sixty-five (365), multiplied by (y) the number of Units subject to your Actual Award, rounded down to the nearest whole Unit, and such vesting will occur as of the date of your termination of Continuous Service (and such date will be deemed to be the "Vesting Date" for purposes of such Units); Unit; or Grant Date: [ ] 1 (ii) If such termination occurs more than twelve (12) months following the Vesting Commencement Date, the number of unvested Units that will become vested continue to vest as provided in the Grant Notice will be equal to all of the unvested Units subject to your Award, and such vesting will occur as of the date of your termination of Continuous Service (and such date will be deemed to be the "Vesting Date" for purposes of such Units). The Award will immediately terminate following such vesting and the issuance of Shares pursuant to Section 6 below. Actual Award. (b) If, after the Vesting Commencement Date, your Continuous Service terminates due to your Retirement (as defined below), and (x) after such termination through the applicable Vesting Date you have at all times satisfied certain noncompetition, nonsolicitation and confidentiality conditions imposed by the Company (in its sole discretion) upon or promptly following such termination and (y) you provide the Company with a certification (in a form acceptable to the Company) that you have satisfied all such conditions during such period, the following number of unvested Units will continue to vest as provided in the Grant Notice: (i) If such termination occurs on or following December 31 of the calendar year in which the Vesting Commencement Date occurs, the number of unvested Units that will continue to vest as provided in the Grant Notice will be equal to the number of unvested Units subject to your Actual Award; or (ii) If such termination occurs prior to December 31 of the calendar year in which the Vesting Commencement Date occurs, any Units which have not vested as of the date of such termination shall thereupon be forfeited immediately and without any further action by the Company, except as otherwise directed by the Committee. (c) For purposes of this Award: "Retirement" means your voluntary termination following following: (x) completion of at least ten (10) years of Continuous Service, and (y) (A) for U.S. Participants, your attainment of age fifty-eight (58). sixty-two (62), or (B) for non-U.S. Participants, your attainment of age sixty-two (62) or such earlier age at which you are required to retire from Continuous Service under applicable law or an applicable retirement plan or policy. If you are eligible to qualify for Retirement under this subsection, you must provide evidence to that effect to the Company (in a form acceptable to the Company) on or before your termination date. With respect to the vesting of this Award, the provisions of this Section 4 shall apply and supersede the terms of any other plan, program or arrangement maintained by the Company or the Company Group or any other agreement between you and the Company or the Company Group. View More
Vesting. Subject to the limitations contained herein, the Award will vest in accordance with the vesting schedule provided in the Grant Notice. Upon termination of your continuous service as a Service Provider, any unvested RSUs, including RSUs that have met the Service-Based Requirement, will be forfeited at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the Shares covered thereby.
Vesting. Subject to the limitations contained herein, the Award will vest in accordance with the vesting schedule provided in the Grant Notice. Upon termination of your continuous service as a Service Provider, Continuous Service, any unvested RSUs, including RSUs that have met the Service-Based Requirement, yet to satisfy any vesting requirement will be forfeited at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the Shares covered thereby.
Vesting. Subject to the limitations contained herein, the Award will vest in accordance with the vesting schedule provided in the Grant Notice. Upon termination of your continuous service as a Service Provider, Continuous Service, any unvested RSUs, including RSUs that have met yet to satisfy any time and service-based requirement, including the Service-Based Requirement, will be forfeited at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the Shares sha...res of Common Stock covered thereby. View More
Vesting. Subject to the limitations contained herein, the Award will vest in accordance with the vesting schedule provided in the Grant Notice. Upon termination of your continuous service as a Continuous Service Provider, Status, any unvested RSUs, including RSUs that have met the Service-Based Requirement, will be forfeited at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the Shares covered thereby.
Vesting. Except as provided in Sections 3 or 4 below, the Restricted Stock Units (and any related Dividend Equivalent Units) shall vest with respect to all of the number of Shares subject to the Award on the third anniversary of the Grant Date (the "Vesting Date"). After the Vesting Date, the Shares will be settled and transferred in accordance with Section 7. Prior to the Vesting Date, the Restricted Stock Units subject to the Award (and any related Dividend Equivalent Units) shall be nontransferable an...d, except as provided in Sections 3 and 4 below, shall be forfeited immediately following Participant's termination of employment with the Company. Prior to the Vesting Date, the Award shall not be earned by Participant's performance of services and there shall be no such vesting of the Award. Prior to the Vesting Date, the Committee which administers the Plan reserves the right, in its sole discretion, to waive or reduce the vesting requirements, with respect to all or any portion or the Award. Participant acknowledges that the opportunity to receive the Shares represents valuable consideration, regardless of whether the Shares vest.View More
Vesting. Except as provided Subject to earlier vesting in accordance with Sections 3 4 or 4 5 below, the Restricted Stock Units Shares (and any related Dividend Equivalent Units) shall vest with respect to all will become vested on the later of the number of Shares subject to the Award on the third anniversary of the Grant Date or the date on which the Committee certifies the attainment of the Performance Goals (the "Vesting Date"). After the Vesting Date, the Shares will be settled and transferred Date"...) in accordance with the provisions of Section 7. 3 below. Prior to the Vesting Date, the Restricted Stock Units subject to the Award Shares (and any related Dividend Equivalent Units) subject to the Award shall be nontransferable and, except as otherwise provided in Sections 3 and 4 below, herein, shall be forfeited immediately following Participant's termination of employment with the Company. Prior to the Vesting Date, the Award shall not be earned by Participant's performance of services and there shall be no such vesting of the Award. Prior Subject to the Vesting Date, terms of the Plan, the Committee which administers the Plan reserves the right, right in its sole discretion, discretion to waive or reduce the vesting requirements, with respect to all or any portion or the Award. requirements. Participant acknowledges that the opportunity to receive obtain the Shares represents valuable consideration, regardless of whether the Shares actually vest. View More
Vesting. (a) Except as otherwise provided in any Employment Agreement (as defined in Section 14 hereof) or determined by the Committee in its sole discretion or provided in Section 4, 5, 6 or 7 hereof, the Shares shall vest and the Restrictions shall lapse and thereby terminate and be of no further force or effect in three approximately equal installments on each anniversary of the Award Date (each, a "Vesting Date") provided that you are continuously employed by the Company through each such Vesting Dat...e. (b) For the avoidance of doubt, to the extent a number of Shares vests pursuant to the terms of Section 4, 5, 6 or 7 of this Agreement, the number of Shares that so vests shall include, but shall not be in addition to, any Shares that previously vested pursuant to the terms of Section 3 of this Agreement.View More
Vesting. (a) Except as otherwise provided in any Employment this Agreement (as defined in (including pursuant to Section 14 hereof) or determined by the Committee in its sole discretion or provided in Section 4, 5, 6 or 7 hereof, the Shares shall vest and the Restrictions shall lapse and thereby terminate and be of no further force or effect in three approximately equal annual installments beginning on each the first anniversary of the Award Date (each, a "Vesting Date") provided that you are continuousl...y employed by the Company through each such Vesting Date. (b) For the avoidance of doubt, to the extent a number of Shares vests pursuant to the terms of Section 4, 5, 6 or 7 of this Agreement, the number of Shares that so vests shall include, but shall not be in addition to, any Shares that previously vested pursuant to the terms of Section 3 of this Agreement.View More
Vesting. (a) Vesting – General. Subject to the Participant's continued Employment with the Partnership and its Affiliates, the Award shall vest on the applicable Vesting Dates as follows: (i) Twenty percent of the Deferred Units granted hereunder shall vest on (the "First Vesting Date"); an additional 30% of the Deferred Units granted hereunder shall vest on (the "Second Vesting Date"); and the remaining 50% of the Deferred Units granted hereunder shall vest on __________ (the "Third Vesting Date"). (b) ...Vesting – Qualifying Events. (i) Death, Disability or Involuntary Termination. Upon the occurrence of a Qualifying Event on account of the death, Disability or Involuntary Termination of the Participant, 100% of the Deferred Units granted hereunder shall vest (to the extent not previously vested) upon the date of such event. (ii) Retirement. Upon the occurrence of a Qualifying Event on account of the Retirement of the Participant, (I) 50% of the then unvested Deferred Units shall vest upon the date of such event, and (II) all other unvested Deferred Units shall be cancelled immediately and the Participant shall automatically forfeit all rights with respect to such unvested Deferred Units upon the date of such event. (c) Vesting –Terminations. Except as otherwise set forth in Section 3(b), in the event the Participant's Employment with the Partnership and its Affiliates is terminated for any reason, the portion of the Award that has not yet vested pursuant to Section 3(a) or 3(b) hereof (or otherwise pursuant to the Plan) shall be cancelled immediately and the Participant shall automatically forfeit all rights with respect to such portion of the Award as of the date of such termination.View More
Vesting. (a) Vesting – General. Subject to the Participant's continued Employment with the Partnership and its Affiliates, the Award shall vest on the applicable Vesting Dates as follows: (i) Twenty percent of the Deferred Units granted hereunder shall vest on the anniversary of the Vesting Reference Date (the "First Vesting Date"); an additional 30% of the Deferred Units granted hereunder shall vest on the anniversary of the Vesting Reference Date (the "Second Vesting Date"); and the remaining 50% of th...e Deferred Units granted hereunder shall vest on __________ the anniversary of the Vesting Reference Date (the "Third Vesting Date"). (b) Vesting – Qualifying Events. (i) Death, Disability Death or Involuntary Termination. Disability. Upon the occurrence of a Qualifying Event on account of the death, death or Disability or Involuntary Termination of the Participant, 100% of the Deferred Units granted hereunder shall vest (to the extent not previously vested) upon the date of such event. (ii) Retirement. Upon the occurrence of a Qualifying Event on account of the Retirement of the Participant, (I) 50% of the then unvested Deferred Units shall remain eligible to vest upon each of the date of such event, following scheduled Vesting Dates, and (II) all other unvested Deferred Units shall be cancelled immediately and the Participant shall automatically forfeit all rights with respect to such unvested Deferred Units upon the date of such event. event; provided that if, following the Participant's Retirement, the Participant breaches any applicable provision of the Non-Competition, Non-Solicitation and Confidentiality Agreement to which the Participant is a party or otherwise engages in any Competitive Activity, the Participant's Deferred Units which remain undelivered as of the date of such violation or engagement in Competitive Activity, as determined by the Administrator in its sole discretion, will be forfeited without payment. As a pre-condition to a Participant's right to continued vesting and delivery of the Deferred Units following Retirement, the Administrator may require the Participant to certify in writing prior to each scheduled Vesting Date that the Participant has not breached any applicable provisions of the Participant's Non-Competition, Non-Solicitation and Confidentiality Agreement or otherwise engaged in any Competitive Activity. (c) Vesting –Terminations. Except as otherwise set forth in Section 3(b), in the event the Participant's Employment with the Partnership and its Affiliates is terminated for any reason, the portion of the Award that has not yet vested pursuant to Section 3(a) or 3(b) hereof (or otherwise pursuant to the Plan) shall be cancelled immediately and the Participant shall automatically forfeit all rights with respect to such portion of the Award as of the date of such termination. View More
Vesting. Subject to the limitations contained herein, the Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice.
Vesting. Subject to the limitations contained herein, the The Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice.
Vesting. Subject to the limitations contained herein, the Award will vest, if at all, vest in accordance with the vesting schedule provided in the Grant Notice.
Vesting. Subject to the limitations contained herein, the your Award will vest, if at all, vest in accordance with the vesting schedule provided in the Grant Notice.
Vesting. Time-Vested Stock. Time-Vested Stock shall vest in equal annual installments on each anniversary of the Vesting Commencement Date during the Time Vesting Period (each such date, a "Time Vesting Date"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through each applicable Time Vesting Date. 3.1.2. Performance-Vested Stock. Performance-Vested Stock shall vest based on achievement of the Performance Vesting Criteria, as described in the Grant Notice, during the P...erformance Vesting Period (the last date of the Performance Vesting Period, unless such other date or dates is indicated in the Performance Vesting Criteria, a "Performance Vesting Date" and together with Time-Vesting Date, the "Vesting Dates"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through each applicable Performance Vesting Date. If any Performance Vested Stock does not vest on the applicable Performance Vesting Date, such Performance Vested Stock shall be forfeited on such Performance Vesting Date. 3.2 If the Grantee's Continuous Status as an Employee, Director or Consultant terminates prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted Stock.View More
Vesting. 3.1 Subject to the provisions of the Plan and Sections 3.2 and 3.3 of this Agreement, and except as otherwise provided in a written employment agreement between the Company or an Affiliate and the Grantee (if any): 3.1.1 Time-Vested Stock. Time-Vested Stock shall vest in equal annual installments (or as nearly equal as possible to avoid fractional shares) on each anniversary of the Vesting Commencement Date during the Time Vesting Period (each such date, a "Time Vesting Date"), subject to the Gr...antee's Continuous Status as an Employee, Director or Consultant through each applicable Time Vesting Date. 3.1.2. 3.1.2 Performance-Vested Stock. Performance-Vested Stock shall vest based on achievement of the Performance Vesting Criteria, as described in the Grant Notice, during the Performance Vesting Period (the last date of the Performance Vesting Period, unless such other date or dates is indicated in the Performance Vesting Criteria, a "Performance Vesting Date" and and, together with Time-Vesting Date, the "Vesting Dates"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through each applicable Performance Vesting Date. If any Performance Vested Stock does not vest on the applicable Performance Vesting Date, such Performance Vested Stock shall be forfeited on such Performance Vesting Date. 3.2 If the Grantee's Continuous Status as an Employee, Director or Consultant terminates for any reason other than due to death or Disability prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted Stock. Shares. If the Grantee's Continuous Status as an Employee, Director or Consultant terminates due to death or Disability prior to an applicable Vesting Date, all then-unvested Time-Vested Stock shall fully vest as of the Termination Date and all then-unvested Performance-Vested Stock shall vest as of the Termination Date based on actual level of achievement as of the Termination Date. View More
Vesting. 3.1 Subject to the provisions of the Plan and Section 3.2 of this Agreement, and except as otherwise provided in a written employment or service agreement between the Company or an Affiliate and the Grantee (if any): 3.1.1 Time-Vested Stock. Shares: Time-Vested Stock Shares shall vest based on the Time-Vesting Schedule, as described in equal annual installments on each anniversary of the Vesting Commencement Date Award Notice, during the Time Vesting Time-Vesting Period (each such date, (the ves...ting date of any Time-Vested Shares, as indicated in the Time-Vesting Schedule, a "Time Vesting Date"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through Grantee not experiencing a Termination prior to each applicable Time Vesting Date. 3.1.2. 3.1.2 Performance-Vested Stock. Shares. Performance-Vested Stock Shares shall vest based on achievement of the Performance Vesting Performance-Vesting Criteria, as described in the Grant Award Notice, during the Performance Vesting Performance-Vesting Period (the last date of the Performance Vesting Performance-Vesting Period, unless such other date or dates is indicated in the Performance Vesting Performance-Vesting Criteria, a "Performance Vesting Date" and and, together with Time-Vesting Date, the Time Vesting Dates, the "Vesting Dates"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through Grantee not experiencing a Termination prior to each applicable Performance Vesting Date. If any Performance Vested Stock does Performance-Vested Shares do not vest on the applicable Performance Vesting Date, such Performance Vested Stock Performance-Vested Shares shall be forfeited on such Performance Vesting Date. 3.2 If the Grantee's Continuous Status as an Employee, Director or Consultant terminates Grantee experiences a Termination for any reason prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted Stock. View More
Vesting. Time-Vested Stock. Units. Time-Vested Stock Units shall vest in equal annual installments on each anniversary of the Vesting Commencement Date during the Time Vesting Period (each such date, a "Time Vesting Date"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through each applicable Time Vesting Date. 3.1.2. Performance-Vested Stock. Units. Performance-Vested Stock Units shall vest based on achievement of the Performance Vesting Criteria, as described in the ...Grant Notice, during the Performance Vesting Period (the last date of the Performance Vesting Period, unless such other date or dates is indicated in the Performance Vesting Criteria, a "Performance Vesting Date" and together with Time-Vesting Date, the "Vesting Dates"), subject to the Grantee's Continuous Status as an Employee, Director or Consultant through each applicable Performance Vesting Date. If any Performance Vested Stock does not vest on the applicable Performance Vesting Date, such Performance Vested Stock shall be forfeited on such Performance Vesting Date. 3.2 3.2. If the Grantee's Continuous Status as an Employee, Director or Consultant terminates prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted Stock. Other Stock Units. 3.3. If the Grantee's Continuous Status as an Employee, Director or Consultant is terminated for Cause prior to the transfer of the Shares to the Grantee as provided in Section 4, any Other Stock Units for which Shares have not been transferred as of the Termination Date shall not vest and shall be forfeited in full by the Grantee. View More
Vesting. (a) The Restricted Stock shall become vested as follows: one-third (1/3) of the shares of Restricted Stock shall become vested on each of the first three (3) anniversaries of the Date of Grant (each, a "Vesting Date"); provided that the Participant (i) commences service as a member of the Board on the date of the consummation of the Company's initial public offering and (ii) remains in continuous service as a member of the Board through the applicable Vesting Date. (b) If the Participant's servi...ce is terminated for any reason, (i) all rights of the Participant with respect to any shares of Restricted Stock that have not vested as of the date of termination shall immediately terminate without the payment of any consideration with respect thereto and (ii) neither the Participant nor any of the Participant's successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in such shares of Restricted Stock. (c) In the event that a Change in Control occurs prior to the final Vesting Date and prior to any termination of the Participant's service, any shares of Restricted Stock that have not yet vested as of the effective date of such Change in Control shall immediately vest on the effective date of such Change in Control.View More
Vesting. (a) The Restricted Stock shall become vested as follows: one-third (1/3) (i) 25% of the shares of Restricted Stock shall become vested vest on each the first anniversary of Date of Grant; (ii) 25% of the first three (3) anniversaries shares of Restricted Stock shall vest on the second anniversary of Date of Grant; (iii) 25% of the shares of Restricted Stock shall vest on the third anniversary of the Date of Grant; and (iv) 25% of the shares of Restricted Stock shall vest on the fourth anniversar...y of the Date of Grant (each, a "Vesting Date"); provided that the Participant (i) commences service as a member of the Board on the date of the consummation of the Company's initial public offering and (ii) remains in continuous service as a member of with the Board Company or an Affiliate thereof through the applicable Vesting Date. (b) If Except as set forth in Section 2(c) below, if the Participant's service is terminated for any reason, (i) this Restricted Stock Award Agreement shall terminate and all rights of the Participant with respect to any the shares of Restricted Stock that have not vested as of the date of termination shall immediately terminate terminate, (ii) any such shares of Restricted Stock shall be forfeited without the payment of any consideration with respect thereto consideration, and (ii) (iii) neither the Participant nor any of the Participant's successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in such shares of Restricted Stock. (c) In If the event Participant's service is terminated by the Company without Cause or by the Participant for Good Reason (to the extent such a term is included in this Restricted Stock Award Agreement for the Participant or in another individual agreement between the Company and the Participant), and provided that a Change in Control occurs prior the Participant executes and delivers to the final Vesting Date and prior Company (and does not revoke) a general release of claims in a form satisfactory to any the Company within sixty (60) days following such termination of (or such shorter period as may be specified by the Participant's service, any Company in accordance with applicable law): (i) the shares of Restricted Stock that have not yet vested as of are scheduled to vest on the effective date of such Change in Control next applicable Vesting Date shall immediately vest on the effective date of the release, (ii) this Restricted Stock Award Agreement shall terminate and all rights of the Participant with respect to the portion of the shares of Restricted Stock, if any, that do not vest in accordance with this Section 2(c) shall terminate with effect retroactive to the termination date and any such Change shares of Restricted Stock shall be forfeited without payment of any consideration, and (iii) neither the Participant nor any of the Participant's successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in Control. such shares of Restricted Stock. View More
Vesting. (a) The Restricted Stock shall become vested as follows: one-third (1/3) (i) 25% of the shares of Restricted Stock shall become vested vest on each the second anniversary of Date of Grant; (ii) 37.5% of the first three (3) anniversaries shares of Restricted Stock shall vest on the third anniversary of the Date of Grant; and (iii) 37.5% of the shares of Restricted Stock shall vest on the fourth anniversary of the Date of Grant (each, a "Vesting Date"); provided that the Participant (i) commences ...service as a member of the Board on the date of the consummation of the Company's initial public offering and (ii) remains in continuous service as a member of employment with the Board Company or an Affiliate thereof through the applicable Vesting Date. (b) If Except as set forth in Section 2(c) hereof, if the Participant's service employment is terminated for any reason, (i) all rights of the Participant with respect to any shares of Restricted Stock that have not vested as of the date of termination shall immediately terminate without the payment of any consideration with respect thereto and (ii) neither the Participant nor any of the Participant's successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in such shares of Restricted Stock. (c) If the Participant's employment is terminated (i) by reason of the Participant's death or Disability or (ii) by the Company without Cause, and provided that the Participant (or the Participant's estate, if applicable) executes and delivers to the Company (and does not revoke) a general release of claims in a form satisfactory to the Company (a "Release") within sixty (60) days following such termination of employment (or such shorter period as may be specified by the Company in accordance with applicable law), any shares of Restricted Stock that have not yet vested shall immediately vest on the date of such termination of employment. (d) In the event that a Change in Control occurs prior to the final Vesting Date and prior to any termination of the Participant's service, employment, any shares of Restricted Stock that have not yet vested as of the effective date of such Change in Control shall immediately vest on be treated in accordance with Section 13 of the effective date of such Change in Control. Plan. View More
Vesting. Except as otherwise provided in this Agreement, the RSUs shall vest in accordance with the vesting schedule set forth in Exhibit A, provided that the Awardee remains in Continuous Service through the applicable vesting date. For each RSU that becomes vested in accordance with this Agreement, the Company shall issue and deliver to Awardee, on or within ten (10) business days after becoming vested, one share of the Company's common stock, par value $.0001 per share (the "Common Stock"). Except as ...provided above, in the event that the Awardee ceases to be in Continuous Service, any RSUs that have not vested as of the date of such cessation of service shall be forfeited.View More
Vesting. Except as otherwise provided in this Agreement, the RSUs shall vest in accordance with the vesting schedule set forth in Exhibit A, provided that the Awardee remains in Continuous Service through the applicable vesting date. For each RSU that becomes vested in accordance with this Agreement, the Company shall issue and deliver to Awardee, on or within ten (10) business days after becoming vested, Awardee one share of the Company's common stock, par value $.0001 per share (the "Common Stock"). Su...ch shares shall be issued and delivered within 150 days following the vesting date of each such RSU, but in no event later than March 15 of the year following the year in which such vesting date occurs. Except as provided above, in the event that the Awardee ceases to be in Continuous Service, any RSUs that have not vested as of the date of such cessation of service shall be forfeited. View More
Vesting. Except as otherwise provided in this Agreement, the RSUs SUs shall vest in accordance with the vesting schedule set forth in Exhibit A, provided that the Awardee remains in Continuous Service continuous service with the Company or any Subsidiary through the applicable vesting date. For each RSU that becomes vested in accordance with this Agreement, the Company shall issue and deliver to Awardee, on or within ten (10) business days after becoming vested, one share of the Company's common stock, p...ar value $.0001 per share (the "Common Stock"). Except as provided above, in the event that the Awardee ceases to be in Continuous Service, continuous service with the Company or any RSUs Subsidiary, any SUs that have not vested as of the date of such cessation of service shall be forfeited. View More
Vesting. Except as otherwise provided in this Agreement, the RSUs shall vest in accordance with the vesting schedule set forth in Exhibit A, provided that the Awardee remains in Continuous Service through the applicable vesting date. For each RSU that becomes vested in accordance with this Agreement, the Company shall issue and deliver to Awardee, on or within ten (10) business days after becoming vested, Awardee one share of the Company's common stock, par value $.0001 $0.0001 per share (the "Common Sto...ck"). Such shares shall be issued and delivered within 150 days following the vesting date of each such RSU, but in no event later than March 15 of the year following the year in which such vesting date occurs. Except as provided above, in the event that the Awardee ceases to be in Continuous Service, any RSUs that have not vested as of the date of such cessation of service shall be forfeited. View More
