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. (a) The Grantee shall earn and vest in a number of Performance Units based on the attainment of the Performance Goals as of the end of the Performance Period, provided that the Grantee continues to be employed by the Company or its subsidiaries or affiliates (collectively the "Employer") through December 31, 2016 (the "Vesting Date"). (b) At the end of the Performance Period, the Management Development and Compensation Committee (the "Committee") will determine whether and to what extent the Per...formance Goals have been met and the amount earned with respect to the Performance Units. The Grantee can earn up to 175% of the Target Award based on attainment of the Performance Goals, as set forth in the Grant Letter. (c) Except as described below, no Performance Units shall vest prior to the Vesting Date, and if the Performance Goals are not attained at the end of the Performance Period, the Performance Units shall be immediately forfeited and shall cease to be outstanding.View More
Vesting. (a) The Except as otherwise set forth in these Grant Conditions, the Grantee shall earn and vest in a number of Performance Units based on the attainment of the Performance Goals as of the end of the Performance Period, provided that the Grantee continues to be employed by the Company or its subsidiaries or affiliates (collectively Employer through the "Employer") through December 31, 2016 Vesting Date stated on the Performance-Based Share Unit Grant (the "Vesting Date"). The "Performance Period..." is the performance period beginning and ending on the applicable dates stated on the Performance-Based Share Unit Grant. The "Vesting Period" is the period beginning on the Grant Date and ending on the Vesting Date. (b) At Except as otherwise set forth in these Grant Conditions, at the end of the Performance Period, the Management Development and Compensation Committee (the "Committee") will determine whether and to what extent the Performance Goals have been met and the amount earned with respect to the Performance Units. The DB1/ 73877079.3 Grantee can earn up to 175% two hundred percent (200%) of the Target Award based on the attainment of the Performance Goals, as set forth in the Grant Letter. Goals. (c) Except as described in Section 3 below, the Grantee must continue to be employed by the Employer throughout the Vesting Period in order for the Grantee to vest and receive payment with respect to the earned Performance Units. (d) Except as specifically provided below, no Performance Units shall vest prior to the Vesting Date, and if the Performance Goals are not attained at the end of the Performance Period, the Performance Units shall be immediately forfeited and shall cease to be outstanding. View More
Vesting. Subject to these Terms and Conditions and the provisions of the Plan, vesting of the PBRSUs will be subject to and in accordance with the schedule set forth in the Notice of Grant with which these Terms and Conditions are enclosed.
Vesting. Subject to these Terms and Conditions and the provisions of the Plan, vesting of the PBRSUs RSUs will be subject to and vest in accordance with the schedule set forth in the Notice of Grant with which these Terms and Conditions are enclosed. Grant.
Vesting. All of the shares of Restricted Stock initially shall be unvested shares. For so long as the Participant maintains continuous service to the Company or one of its Affiliates as an Employee or Director (a "Business Relationship") throughout the period beginning on the Grant Date and ending on the vesting date set forth below (or if such date is not a trading day for the New York Stock Exchange, or such other stock exchange on which the Company's shares are then listed, on the first trading day fo...llowing such date), the Restricted Stock shall become vested according to the schedule set forth below, subject to Section 3 hereof: Vesting Date Number of VestedShares [As authorized by the Compensation Committee] Notwithstanding the foregoing, upon the Participant's death or becoming disabled (as defined in Section 409A of the Code ("Section 409A")), all of the Restricted Stock shall become fully vested.View More
Vesting. All of the shares of Restricted Deferred Stock Units shall initially shall be unvested shares. unvested. For so long as the Participant maintains continuous service to the Company or one of its Affiliates as an Employee or a Director (a "Business Relationship") throughout the period beginning on the Grant Date and ending on the vesting date set forth below (or if such date is not a trading day for below, the New York Deferred Stock Exchange, or such other stock exchange on which the Company's sh...ares are then listed, on the first trading day following such date), the Restricted Stock Units shall become vested according to the schedule set forth below, subject to Section 3 4 hereof: Vesting Date Number of VestedShares [As authorized by the Compensation Committee] VestedDeferred Stock Units Notwithstanding the foregoing, upon the Participant's death or becoming disabled disability (as defined in Section 409A of the Code ("Section 409A")), all of the Restricted Deferred Stock Units shall become fully vested. View More
Vesting. Unless otherwise specified by the Compensation Committee (the "Committee") of the Board of Directors (the "Board"), Performance Units shall vest and the restrictions with respect to the Performance Units shall lapse as set forth in the Notice, provided that you remain continuously employed by the Company. If your employment with the Company terminates prior to the Performance Units vesting, the Performance Units will be forfeited upon the effective date of the termination. The provisions of this... Section 3 are subject to the provisions of Section 4 below entitled "Forfeiture of Shares."View More
Vesting. Unless otherwise specified by the Compensation Committee (the "Committee") of the Board of Directors (the "Board"), Performance Units shall vest and the restrictions with respect to the Performance Units shall lapse as set forth in the Notice, provided that you remain continuously employed by the Company. If your employment with the Company terminates prior to the Performance Units vesting, the Performance Units will be forfeited upon the effective date of the termination. The provisions of this... Section 3 are subject to the provisions of Section 4 below entitled "Forfeiture of Shares." 4. Conversion to Restricted Stock Units Immediately Prior to Change in Control. Immediately prior to a Change in Control Event (if any) as defined in Section 11 of the Plan, if less than one year of the performance period has elapsed, the Performance Units granted pursuant to the Notice shall convert to the same number of Restricted Stock Units. The Restricted Stock Units shall remain subject to the same time vesting requirements as the original Performance Units. Alternatively, pursuant to Section 11 of the Plan, the Committee or the Board may determine, in their discretion, that the Shares become free of all restrictions and limitations and become fully vested and transferable upon the Change in Control Event. View More
Vesting. The PBRSUs shall vest as set forth below. The PBRSUs will vest on the third anniversary of the Grant Date (the "Vesting Date"); provided: i) The Company achieves the corporate goals set forth on Schedule A (the "Corporate Goals") by the date set forth on Schedule A (the "Goal Completion Date"). The actual number of PBRSUs that shall be awarded shall be determined in accordance with the terms set forth on Schedule A; and ii) The Participant is continuously an Employee of the Company or one of its... subsidiaries or affiliates (the Company and its subsidiaries and affiliates hereinafter referred to as "THG") throughout the period from the Grant Date to the Vesting Date. The determination of (i) whether and to the extent the Corporate Goals set forth on Schedule A have been achieved, and (ii) any adjustment to the actual number of PBRSUs, shall be in the sole and absolute discretion of the Administrator. All decisions by the Administrator shall be final and binding upon the Participant. As soon as reasonably practicable following the vesting of the PBRSUs, but in no event later than 60 days following vesting, the Company shall issue the Shares to the Participant. Any fractional share shall be rounded up such that only whole shares are issued. In the event the Vesting Date falls on a non-business day (weekend or holiday on which banks are not generally open in the Commonwealth of Massachusetts), the Vesting Date shall be the next following business day.View More
Vesting. The PBRSUs shall vest as set forth below. The Unless earlier terminated, forfeited, relinquished or expired, the PBRSUs will vest on the third anniversary of the Grant Date (the "Vesting Date"); provided: i) The Company achieves the corporate goals set forth on Schedule A (the "Corporate Goals") by the date set forth on Schedule A (the "Goal Completion Date"). The actual number of PBRSUs that shall be awarded earned and that shall vest, if any, shall be determined in accordance with the terms se...t forth on Schedule A; and ii) The Participant is remains continuously an Employee of the Company or one any of its subsidiaries or affiliates Affiliates (the Company and its subsidiaries and affiliates Affiliates hereinafter referred to as "THG") throughout the period from the Grant Date to the Vesting Date. Date except as set forth in Sections 4, 5, 6 and 7 below. The determination of (i) whether and to the extent the Corporate Goals set forth on Schedule A have been achieved, and (ii) any adjustment to the actual number of PBRSUs, PBRSUs earned and vested, shall be in the sole and absolute discretion of the Administrator. All decisions by the Administrator shall be final and binding upon the Participant. As soon as reasonably practicable following the vesting of the PBRSUs, but in no event later than 60 days following vesting, the Company shall issue the Shares to the Participant. Any fractional share shall be rounded up such that only whole shares are issued. In the event the Vesting Date falls on a non-business day (weekend or holiday on which banks are not generally open in the Commonwealth of Massachusetts), the Vesting Date shall be the next following business day. 11 Pursuant to Mr. Farber's Offer Letter dated September 21, 2016, in the event he is involuntarily terminated by the company without cause, or terminates employment for "good reason," he is entitled to one year's additional vesting credit. 2 4. Disability. In the event Participant is Disabled prior to the Vesting Date, Participant shall immediately vest in a pro-rata portion of the PBRSUs as determined below and the remaining unvested PBRSUs shall be automatically forfeited and returned to the Company for no consideration. For purposes of this subsection, the pro-rata portion of the PBRSUs that will vest shall be determined by dividing the number of days since the Grant Date through the date Participant is Disabled by 1,095 and applying this percentage to the number of PBRSUs earned, if any, as determined in accordance with Schedule A. Any fractional Shares shall be rounded up such that only whole Shares are issued. For purposes of this subsection, Participant shall be "Disabled" if he or she has been unable, for a period of twelve consecutive months, to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment and has been receiving income replacement benefits for a period of twelve consecutive months under the Company's Long-Term Disability Program. The date that Participant is Disabled for purposes of this Agreement is the twelve-month anniversary of the date Participant commences receiving such benefits under the Company's Long-Term Disability Program. If Participant ceases to receive benefits under the Company's Long-Term Disability Program prior to becoming Disabled and immediately returns to active Employment, the PBRSUs will continue to vest in accordance with Section 2 of this Agreement. View More
Vesting. (a) Subject to the provisions of Sections 3(b) - 3(d) 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 Percentage of RSUs On the first to occur of (i) December 31, 2017, (ii) the Participant's Termination (other than for Cause), (iii) the Participant's death or (iv) the Participant's Disability. 100% There shall be no proportionate or partial vesting in the periods pri...or to the vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant's continued service with the Company or any of its Subsidiaries on the vesting date. (b) Change in Control. All unvested RSUs shall become fully vested upon a Change in Control. (c) Committee Discretion to Accelerate Vesting. In addition to the foregoing, the Committee may, in its sole discretion, accelerate vesting of the RSUs at any time and for any reason. (d) Forfeiture. Subject to the terms of this Section 3, all unvested RSUs shall be immediately forfeited upon the Participant's Termination for Cause. 2 4. Delivery of Shares. (a) General. Subject to the provisions of Section 4(b) hereof, within ten (10) days following the applicable vesting date of the RSUs the Participant shall receive the number of shares of Stock that correspond to the number of RSUs that have become vested on the applicable vesting date. (b) Blackout Periods. If the Participant is subject to any Company "blackout" policy or other trading restriction imposed by the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or restriction and (ii) the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is immediately prior to the expiration of two and one-half months following the date such distribution would otherwise have been made hereunder.View More
Vesting. (a) Subject to the provisions of Sections 3(b) - 3(d) 3(e) 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 Percentage of RSUs On the first to occur of (i) December 31, 2017, (ii) the Participant's Termination (other than for Cause), (iii) the Participant's death or (iv) the Participant's Disability. 100% [·] [·] % [·] [·] % [·] [·] % There shall be no proportionate or... partial vesting in the periods prior to the each vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant's continued service with the Company or any of its Subsidiaries on the each applicable vesting date. (b) Termination Without Cause, due to death or Disability; Resignation for Good Reason. In the event of the Participant's Termination by the Company without Cause, due to the Participant's death or Disability or by the Participant for Good Reason (each, a "Qualifying Termination"), Participant shall be entitled to vest in the next tranche of time-vested RSUs that would otherwise vest but for Participant's termination. (c) Change in Control. All unvested RSUs shall become fully vested upon the occurrence of a Qualifying Termination on or within twelve (12) months following a Change in Control. (c) (d) Committee Discretion to Accelerate Vesting. In addition to the foregoing, the Committee may, in its sole discretion, accelerate vesting of the RSUs at any time and for any reason. (d) (e) Forfeiture. Subject to the terms of this Section 3, all unvested RSUs (taking into account any vesting that may occur upon the Participant's Termination in accordance with Section 3(b) hereof) shall be immediately forfeited upon the Participant's Termination for Cause. 2 any reason. 4 Delivery of Shares. (a) General. Subject to the provisions of Section 4(b) hereof, within ten (10) days following the applicable vesting date of the RSUs RSUs, the Participant shall receive the number of 2 shares of Stock that correspond to the number of RSUs that have become vested on the applicable vesting date. date, less any shares withheld by the Company pursuant to Section 8 hereof. (b) Blackout Periods. If the Participant is subject to any Company "blackout" policy or other trading restriction imposed by the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or restriction and (ii) the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is immediately prior to the expiration of two and one-half months following the date such distribution would otherwise have been made hereunder. 5 Dividends; Rights as Stockholder. Cash dividends on the number of shares of Stock issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant; provided that such cash dividends shall not be deemed to be reinvested in shares of Stock and shall be held uninvested and without interest and paid in cash at the same time that the shares of Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Stock shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant; provided that such stock dividends shall be paid in shares of Stock at the same time that the shares of Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Stock covered by any RSU unless and until the Participant has become the holder of record of such shares. View More
Vesting. (a) Subject to The RSUs will vest in accordance with the provisions of Sections 3(b) - 3(d) 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 Percentage of RSUs On the first to occur of (i) December 31, 2017, (ii) the Participant's Termination (other than for Cause), (iii) the Participant's death or (iv) the Participant's Disability. 100% following schedule: There shall... be no proportionate or partial vesting in the periods prior to the each vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant's continued service with the Company or any of its Subsidiaries Continuous Service on the each applicable vesting date. (b) Change in Control. All unvested RSUs of the Restricted Stock Unit Awards granted to the Participant hereby shall become fully vested upon a Change in Control. (c) the death or Disability of the Participant. (b) Committee Discretion to Accelerate Vesting. In addition to Notwithstanding the foregoing, the Committee may, in its sole discretion, accelerate provide for accelerated vesting of the RSUs at any time and for any reason. (c) Change in Control. In the event that a Participant's Continuous Service is terminated without Cause or for Good Reason during the 12-month period following a Change in Control Date, all unvested RSUs shall become fully vested so long as the Participant has not incurred a termination prior to such Change in Control Date. In addition, in the event of a Change in Control, an Award may be treated, to the extent determined by the Committee to be permitted under Section 409A of the Code, in accordance with such method provided for under the Plan as determined by the Committee in its sole discretion. (d) Forfeiture. Subject to the terms of this Section 3, Committee's discretion to accelerate vesting hereunder, all unvested RSUs shall be immediately forfeited upon the Participant's Termination termination for Cause. any reason. (e) Termination. For purposes of the RSUs, the Participant's Continuous Service will be considered terminated as of the date the Participant is no longer actively providing services to the Company or any Affiliate (regardless of the reason for such termination and whether or not later to be found invalid or in breach of labor laws in the jurisdiction where the Participant is employed or retained or the terms of the Participant's employment or service agreement, if any), and unless otherwise determined by the Company, the Participant's right to vest in the RSUs under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Participant's period of service would not include any contractual notice period or any period of "garden leave" or similar period mandated under labor laws in the jurisdiction where the Participant is employed or retained or the terms of the Participant's employment or service agreement, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the RSUs (including whether the Participant may still be considered to be providing services while on a leave of absence). 2 4. Delivery of Shares. (a) General. Subject to the provisions of Section 4(b) hereof, within ten (10) thirty (30) days following the applicable vesting date of the RSUs RSUs, the Participant shall receive the number of shares of Stock Shares that correspond to the number of RSUs that have become vested on the applicable vesting date. (b) Blackout Periods. If the Participant is subject to any Company "blackout" policy or other trading restriction imposed by the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or restriction and (ii) the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is immediately prior to the expiration of two and one-half months following the date such distribution would otherwise have been made hereunder. View More
Vesting. The shares of Stock subject to this Restricted Stock Award vest and become non-forfeitable (a) in three installments of equal amount (subject to whole-share rounding), with one such installment vesting on each of the first three anniversaries of the Date of Grant; provided that you are still employed by the Company on each applicable vesting date, (b) upon your death, "Disability" (as such term is defined in the Change in Control Severance Agreement) prior to your termination of employment, or (...c) pursuant to the terms of the Change in Control Severance Agreement. Other than pursuant to the terms of the Change in Control Severance Agreement, if your employment terminates prior to the date the Stock vests all unvested Stock shall be forfeited at the time of such termination. In addition, if you fail to satisfy the applicable requirements of the Change in Control Severance Agreement (including the delivery of an irrevocable release), shares which would otherwise vest pursuant to the Change in Control Severance Agreement shall be forfeited.View More
Vesting. The shares of Stock subject to this Restricted Stock Award vest and become non-forfeitable (a) in three installments of equal amount (subject to whole-share rounding), with one such installment vesting on each of the first three anniversaries of the Date of Grant; provided that you are still employed by the Company on each applicable vesting date, (b) upon your death, "Disability" (as such term is defined in the Change in Control Severance Employment Agreement) prior to your termination of emplo...yment, or (c) pursuant to the terms of the Change in Control Severance Agreement. Other than Notwithstanding the forgoing, if your employment terminates without Cause (as defined in the Severance Policy) or for Good Reason (as defined in the Employment Agreement) and you satisfy the participant requirements set forth in the Severance Policy, the shares of Stock subject to this Restricted Stock Award vest and become non-forfeitable as if you terminated employment immediately following the next anniversary of the Date of Grant after the date of your termination and any shares of Stock that would have remained unvested immediately after the next anniversary of the Date of Grant shall be forfeited. Except as provided above and pursuant to the terms of the Change in Control Severance Agreement, if your employment terminates prior to the date the Stock vests all unvested Stock shall be forfeited at the time of such termination. In addition, if you fail to satisfy the applicable requirements of the Severance Policy or Change in Control Severance Agreement (including the delivery of an irrevocable release), shares which would otherwise vest upon your termination without Cause (as defined in the Severance Policy) or for Good Reason (as defined in the Employment Agreement) or pursuant to the Change in Control Severance Agreement shall be forfeited. View More
Vesting. The RSU will vest and no longer be subject to the restrictions of and forfeiture under this Agreement in one-fourth (1/4th or 25%) increments on each anniversary of the Grant Date. Notwithstanding the foregoing, the RSU shall be fully vested upon your Termination of Employment by reason of death or permanent disability. "Permanent disability" means that you are unable to perform your duties by reason of any medically determined physical or mental impairment which can be expected to result in dea...th or which has lasted or is expected to last for a continuous period of at least 12 months, as reasonably determined by the Committee, in its discretion.View More
Vesting. The RSU will vest and no longer be subject to the restrictions of and forfeiture under this Agreement as follows: [To be included in one-fourth (1/4th or 25%) increments on each anniversary of the Grant Date. individual agreements]. Notwithstanding the foregoing, the RSU shall be fully vested upon your Termination of Employment Directorship by reason of death or permanent disability. "Permanent disability" means that you are unable to perform your duties by reason of any medically determined phy...sical or mental impairment which can be expected to result in death or which has lasted or is expected to last for a continuous period of at least 12 months, as reasonably determined by the Committee, Board, in its discretion. View More
Vesting. Except as otherwise provided in this Section 3 or Section 5 below, Restricted Stock Units granted will vest in full (100%) on the one-year anniversary of the Grant Date. A Restricted Stock Unit shall not vest and will be deemed to have "expired" if the Participant's Date of Termination occurs before the one-year anniversary of the Grant Date unless the Participant's Date of Termination occurs by reason of death or Disability, in which case the Grant shall vest on said Date of Termination. A Rest...ricted Stock Unit which fails to vest shall be void and shall not confer upon the owner of such Restricted Stock Unit any rights, including any right to any Share, any Deferred Stock Unit or any Dividend Equivalent Unit.View More
Vesting. Except as otherwise provided in this Section 3 or Section 5 below, Restricted Stock Units granted will vest in full (100%) on the one-year anniversary of the Grant Date. A Restricted Stock Unit shall not vest and will be deemed to have "expired" if the Participant's Director Termination Date of Termination occurs before the one-year anniversary of the Grant Date unless the Participant's such Director Termination Date of Termination occurs by reason of death or Disability, in which case the Grant... shall vest on said Date of Termination. Director Termination Date. A Restricted Stock Unit which fails to vest shall be void and shall not confer upon the owner of such Restricted Stock Unit any rights, including any right to any Share, any Deferred Stock Unit or any Dividend Equivalent Unit. View More
Vesting. (a) The shares of Company Stock subject to this Agreement will become earned based on the actual level of performance achieved with respect to the Performance Goals for the Performance Period on the terms set forth in the Summary of Grant and as determined by the Committee and provided that the Grantee satisfies the requirements of the Vesting Schedule set forth in the Summary of Grant. (b) If the Grantee ceases to be employed by, or provide service to, the Employer for any reason prior to the a...pplicable Vesting Date, the Grantee shall forfeit all rights to receive shares of Company Stock hereunder and the Grantee will not have any rights with respect to any portion of the shares of Company Stock that have not yet become vested as of the date the Grantee ceases to be employed by, or provide service to, the Employer, irrespective of the level of achievement of the Performance Goals.View More
Vesting. (a) The shares of Company (a)The Performance Stock subject to this Agreement Units will become earned and vested based on the actual performance level of performance achieved with respect to the Performance Goals for (as set forth on Schedule A to the Summary of Grant) and the Grantee continuing to be employed by, or provide service to, the Company through a Vesting Date (as defined in the Summary of Grant). (b)The Committee will, as soon as practicable following the last day of the Performance ...Period (as defined in the Summary of Grant), determine (i) the extent, if any, to which, each of the Performance Goals has been achieved with respect to the Performance Period and (ii) the number of shares of Common Stock, if any, which, the Grantee will be entitled to receive with 7 respect to this Agreement. Such determination will be final, conclusive and binding on the terms Grantee, and on all other persons, to the maximum extent permitted by law. In the event that the Committee makes a final determination that the Performance Goals have not been achieved, the Grantee will have no further rights to receive shares of Common Stock hereunder. (c)Except as set forth in the Summary of Grant and as determined by the Committee and provided that the Grantee satisfies the requirements of the Vesting Schedule set forth in the Summary of Grant. (b) If Grant, if the Grantee ceases to be employed by, or provide service to, the Employer Company or any Subsidiary for any reason prior to the applicable a Vesting Date, the Grantee shall will forfeit all rights to receive shares of Company Common Stock hereunder and the Grantee will not have any rights with respect to any portion of the shares of Company Common Stock that have not yet become vested as of the date the Grantee ceases to be employed by, or provide service to, the Employer, Company, irrespective of the level of achievement of the Performance Goals. View More
Vesting. (a) The shares of Company Stock subject to this Agreement will become earned based on the actual level of performance achieved with respect to the Performance Goals for the Performance Period on the terms set forth in the Summary of Grant and as determined by the Committee and provided that the Grantee satisfies continues to be employed by, or provide service to, the requirements of Employer through the Vesting Schedule Date set forth in the Summary of Grant. (b) If Except as otherwise provided ...in the Summary of Grant, if the Grantee ceases to be employed by, or provide service to, the Employer for any reason prior to the applicable Vesting Date, end of the Performance Period, the Grantee shall forfeit all rights to receive shares of Company Stock hereunder and the Grantee will not have any rights with respect to any portion of the shares of Company Stock that have not yet become vested as of the date the Grantee ceases to be employed by, or provide service to, the Employer, irrespective of the level of achievement of the Performance Goals. hereunder. View More
