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. (a) Performance Vesting. As soon as reasonably practicable following the completion of the Performance Period, the Committee shall determine the Company TSR Percentage, the MSCI Index TSR Percentage, the MSCI Index Relative Performance, the Performance Vesting Percentage, the number of Class D Units granted hereby that have become Performance Vested Base Units, the number of Distribution Equivalent Units and the number of Performance Vested Units, in each case as of the completion of the Perform...ance Period. Any Class D Units granted hereby which have not become Performance Vested Units as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and Grantee shall have no further right or interest in or with respect to such Class D Units. 4 (b) Time Vesting. Subject to Sections 4(c) and 5(b) below, following the completion of the Performance Period, the Restrictions set forth in Section 3(b) above and Section 5 below applicable to any outstanding Performance Vested Base Units (if any) shall lapse and such Performance Vested Base Units shall become fully vested in accordance with and subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to Grantee's continued status as a Service Provider through each applicable vesting date. As of the date of the completion of the Performance Period, that number of Class D Units, if any, that constitute Distribution Equivalent Units as of the completion of the Performance Period shall thereupon vest in full. (c) Change in Control. Notwithstanding the foregoing, upon the consummation of a Change in Control, the Restrictions set forth in Section 3(b) above and Section 5(a) below applicable to any outstanding Performance Vested Units (if any) (after taking into account any Class D Units that become Performance Vested Units in connection with such Change in Control) shall lapse and such Performance Vested Units shall vest in full as of the date of such Change in Control, subject to Grantee's continued status as a Service Provider until at least immediately prior to such Change in Control. View More
Vesting. (a) Determination of Performance Vesting. As soon as reasonably practicable following the Completion of the Performance Period or, if earlier, the applicable Performance Metric measurement date set forth on Exhibit A, the Administrator shall determine the extent to which each of the Performance Metrics was attained. In addition, as soon as reasonably practicable following the completion of the Performance Period, the Committee Administrator shall determine the Company TSR Percentage, the MSCI In...dex TSR Percentage, the MSCI Index Relative Performance, the Performance Vesting Percentage, the number of Class D Units granted hereby that have become Performance Vested Base Units, the number of Distribution Equivalent Units and the number of Performance Vested Units, in each case case, as of the completion of the Performance Period. Any Class D Units granted hereby which have not become Performance Vested Units as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and Grantee the Participant shall have no further right or interest in or with respect to such Class D Units. 4 (b) Time Vesting. Subject to Sections 4(c) and 5(b) below, following on the last day of the Performance Period, any Class D Units granted hereby which have become Performance Vested Units as of the completion of the Performance Period, the Period (as determined pursuant to Section 4(a) above) shall become fully vested and all Restrictions set forth in Section 3(b) above and Section 5 5(a) below applicable to any outstanding Performance Vested Base Units (if any) shall lapse and such Performance Vested Base Units shall become fully vested in accordance with and lapse, subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to Grantee's Participant's continued status as a Service Provider through each applicable vesting such date. As On the last day of the Performance Period (or, if earlier, on the date of the completion of Participant's death), the Performance Period, that number of Class D Units, if any, that constitute Distribution Dividend Equivalent Units as of the completion of the Performance Period (as determined pursuant to Section 4(a) above) or, solely for purposes of Section 5(b)(ii) below, as of the completion of the Truncated Performance Period, shall thereupon vest in full. (c) Change in Control. Notwithstanding the foregoing, upon the consummation of a Change in Control, the Restrictions set forth in Section 3(b) above and Section 5(a) below applicable to any outstanding Performance Vested Units (if any) (after taking into account any Class D Units that become Performance Vested Units in connection with such Change in Control) shall lapse and such Performance Vested Units shall vest in full as of the date of such Change in Control, subject to Grantee's the Participant's continued status as a Service Provider until at least immediately prior to such Change in Control. View More
Vesting. (a) Performance Vesting. As soon as reasonably practicable (but in no event more than 45 days) following the completion of the Performance Period, the Committee Administrator shall determine the Company TSR Percentage, the MSCI Index Peer Group TSR Percentage, Percentages, the MSCI Index Peer Group Relative Performance, the Absolute TSR Performance Vesting Percentage, the Relative TSR Performance Vesting Percentage, the number of Distribution Equivalent Units, and the number of Class D A Units g...ranted hereby that have become Absolute TSR Vested Base Units, Relative TSR Vested Base Units, Performance Vested Base Units, the number of Distribution Equivalent Units and the number of Performance Vested Units, in each case as of the completion of the Performance Period. Subject to Sections 4(b) and 5(b) below, upon such determination by the Administrator, the Restrictions set forth in Section 3(b) above and Section 5(a) below applicable to any outstanding Performance Vested Units (if any) shall lapse and such Performance Vested Units shall become fully vested, subject to Participant's continued status as a Service Provider through such vesting date. Any Class D A Units granted hereby which have not become Performance Vested Units as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and Grantee the Participant shall have no further right to or interest in or with respect to such Class D A Units. 4 (b) Time Vesting. Subject Change in Control. Notwithstanding the foregoing, in the event that a Change in Control occurs prior to Sections 4(c) and 5(b) below, following the completion of the Performance Period, Period and the Participant has not incurred a Termination of Service prior to such Change in Control, the Restrictions set forth in Section 3(b) above and Section 5 below applicable shall lapse with respect to any outstanding a number of the Class A Units equal to the sum of (A) the greater of (x) the product of (1) the number of Base Units which would be Performance Vested Base Units (if any) shall lapse assuming the completion of the Performance Period as of the date of the Change in Control, and (2) a fraction, the numerator of which is the number of days elapsed from the first day of the Performance Period through and including the date of the Change in Control, and the denominator of which is 1062, and (y) 37.50% of the Base Units (such greater number of Base Units, the "CIC Base Units"), plus (B) the Distribution Equivalent Units (calculated with respect to the CIC Base Units), and such Performance Vested Base Class A Units shall shall, immediately prior to such Change in Control, become fully vested. Any Class A Units that do not become fully vested in accordance with the preceding sentence will automatically be cancelled and subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to Grantee's continued status forfeited as a Service Provider through each applicable vesting date. As of the date of the completion of the Performance Period, that number of Class D Units, if any, that constitute Distribution Equivalent Units as of the completion of the Performance Period shall thereupon vest in full. (c) Change in Control. Notwithstanding Control without payment of any consideration therefor, and the foregoing, upon the consummation of a Change Participant shall have no further right to or interest in Control, the Restrictions set forth in Section 3(b) above and Section 5(a) below applicable to any outstanding Performance Vested Units (if any) (after taking into account any such Class D Units that become Performance Vested Units in connection with such Change in Control) shall lapse and such Performance Vested Units shall vest in full as of the date of such Change in Control, subject to Grantee's continued status as a Service Provider until at least immediately prior to such Change in Control. A Units. View More
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Vesting. Except as provided below, Shares subject to this Option will vest according to the following schedule: Date Vested Percentage 1st Anniversary of Grant Date 25% 2nd Anniversary of Grant Date 50% 3rd Anniversary of Grant Date 75% 4th Anniversary of Grant Date 100% If your employment terminates before full (100%) vesting, you will forfeit the unvested portion of this Option and may exercise the vested portion until the earlier of (i) the date described in Section 4 below or (ii) 90 days after your ...employment termination date. However, if your employment terminates due to Normal Retirement (your employment terminates on or after age 60 and the sum of your age and years of service equals at least 70), Retirement (your employment terminates on or after age 55 and the sum of your age and years of service equals at least 60), death, Disability, a Change in Control or Divestiture or Outsourcing Agreement, this Option will become vested and exercisable in accordance with the provisions of Section 7, 8 or 9, as applicable. View More
Vesting. Except as provided below, Shares subject to this Option Award will vest according to the following schedule: Date Vested Percentage 1st Anniversary of Grant Date 25% 2nd Anniversary of Grant Date 50% 3rd Anniversary of Grant Date 75% 4th Anniversary of Grant Date 100% If your employment terminates before full (100%) vesting, you will forfeit the unvested portion of this Option Award and may exercise the vested portion until the earlier of (i) the date described in Section 4 below or (ii) 90 days... after your employment termination Termination of Employment date. However, if your employment terminates due to Normal Retirement (your employment terminates on or after the date you attain age 60 and the sum of your age and years of service equals at least 70), Retirement (your employment terminates on or after the date you attain age 55 and the sum of your age and years of service equals at least 60), death, Disability, a Change in Control or Divestiture or Outsourcing Agreement, Shares subject to this Option Award will become vested and exercisable in accordance with the provisions of Section 7, 8 or 9, as applicable. View More
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Vesting. After the close of the Performance Period, but before the Settlement Date, the Committee shall determine and certify the extent to which the Performance Goals have been achieved in accordance with Schedule I. The Performance Units will vest and become non-forfeitable on the Vesting Date in an amount determined based on the results of the Performance Goals, provided you have been continuously employed by the Company or its Subsidiaries at all times from the Grant Date until the Vesting Date. For ...the avoidance of doubt, if the Committee determines that the level of achievement of the Performance Goals does not meet the minimum threshold requirements specified in Schedule I, then all Performance Units shall be forfeited. Except as expressly set forth below, if you are not employed on the Vesting Date, you shall have no rights under this Agreement and all Performance Units shall be forfeited as of your termination date. If your employment terminates due to Disability or death, then the date of such termination of employment shall be deemed the Vesting Date and you shall vest in the Performance Units At Target. The Performance Units shall be settled on the Settlement Date, which shall be no later than 10 business days after the date of your termination of employment due to death or Disability. 1 If your employment is terminated by the Company without Cause (as defined in the employment agreement between you and the Company (the "Employment Agreement")) or you resign for Good Reason (as defined in the Employment Agreement), then the date of such termination of employment shall be deemed the Vesting Date and you shall vest in the Performance Units At Target, provided that you enter into the release agreement referenced in Section 6 of the Employment Agreement. The Performance Units shall be settled on the Settlement Date, which shall be no later than 60 days after the date of your termination of employment without Cause or your resignation for Good Reason. If you terminate your employment due to Retirement, then you will not forfeit your Performance Units as a result of your Retirement, and on the Vesting Date set forth in Section 1 above you will vest in the number of Performance Units determined by multiplying (i) the number of Performance Units that would have vested as determined in accordance with the first paragraph of this Section 2 had your employment not terminated and (ii) a fraction, the numerator of which is the number of days that elapsed between January 1, 2014 and the date of your termination of employment due to Retirement and the denominator of which is 1095. Notwithstanding the foregoing, regardless of the level of achievement of the Performance Goals, the Committee reserves the discretion to adjust the payout of the Performance Units by any amount it deems appropriate, including reducing the payout of the Performance Units to zero or increasing the payout of the Performance Units to two times the Performance Units at Target. View More
Vesting. After the close of the Performance Period, but before the Settlement Vesting Date, the Committee shall determine and certify the extent to which the Performance Goals have Goal has been achieved in accordance with Schedule I. The Performance Units will vest and become non-forfeitable non‐forfeitable on the Vesting Date in an amount determined based on the results of the Performance Goals, Goal, provided you have been continuously employed by the Company or its Subsidiaries an affiliate of the Co...mpany at all times from the Grant Date until the Vesting Date. For the avoidance of doubt, if the Committee determines that the level of achievement of the Performance Goals Goal does not meet the minimum threshold requirements requirement specified in Schedule I, then all Performance Units shall be forfeited. Except as expressly set forth below, if If you are not employed on the Vesting Date, you shall have no rights under this Agreement and all Performance Units shall be forfeited as of your termination date. If your employment terminates due Notwithstanding any provision in this Agreement to Disability or death, then the date of such termination of employment shall be deemed the Vesting Date and you shall vest in the Performance Units At Target. The Performance Units shall be settled on the Settlement Date, which shall be no later than 10 business days after the date of your termination of employment due to death or Disability. 1 If your employment is terminated by the Company without Cause (as defined in the employment agreement between you and the Company (the "Employment Agreement")) or you resign for Good Reason (as defined in the Employment Agreement), then the date of such termination of employment shall be deemed the Vesting Date and you shall vest in the Performance Units At Target, provided that you enter into the release agreement referenced in Section 6 of the Employment Agreement. The Performance Units shall be settled on the Settlement Date, which shall be no later than 60 days after the date of your termination of employment without Cause or your resignation for Good Reason. If contrary, if you terminate your employment due to Retirement, then Retirement (as defined below), then, except as provided in the paragraph below, you will not forfeit your Performance Units as a result of your Retirement, and on the Vesting Date set forth in Section 1 above you will vest in the number of Performance Units determined by multiplying (i) the number of Performance Units that would have vested as determined in accordance with the first paragraph of this Section 2 immediately above had your employment not terminated and (ii) a fraction, the numerator of which is the number of days that elapsed between January 1, 2014 the Grant Date and the date of your termination of employment due to Retirement and the denominator of which is 1095. Notwithstanding For purposes of this Agreement, "Retirement" means your voluntary termination of employment on or after the foregoing, regardless date when you are at least 55 years old and have at least five years of service (based on your employment with the level of achievement of the Performance Goals, Company and its Subsidiaries or predecessor companies); provided, however, that if the Committee reserves determines, in its sole discretion, at any time prior to the discretion Vesting Date that you have taken any action or actions that are detrimental or injurious to adjust the payout Company or any of the its Subsidiaries, then your termination of employment shall be treated as a voluntary termination and not Retirement and as a result your Performance Units by shall be forfeited as of such determination date. Notwithstanding any amount it deems appropriate, including reducing provision in this Agreement to the payout contrary, if your employment terminates due to death, then on the date of your death you will vest in the number of Performance Units to zero or increasing determined by multiplying (i) the payout number of the Performance Units to two times the Performance Units at Target. Target and (ii) a fraction, the numerator of which is the number of days that elapsed between the Grant Date and the date of your termination of employment due to death and the denominator of which is 1095. View More
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Vesting. (a) General. Subject to the provisions of Sections 3(b) and 3(c), the Restricted Stock subject to this 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 Portion of Shares [·], 2014 One third (1/3) [·], 2015 One third (1/3) [·], 2016 One third (1/3) (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accel...erated vesting of the Restricted Stock at any time and for any reason. (c) Forfeiture. Subject to the Sections 3(b) hereof, all unvested shares of Restricted Stock shall be immediately forfeited upon the Participant's Termination for any reason. View More
Vesting. (a) General. Subject to the provisions of Sections 3(b) and 3(c), the Restricted Stock subject to this 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 Portion of Shares [·], 2014 2014(1) One third (1/3) [·], [[·], 2015 One third (1/3) [·], 2016 2016](2) One third (1/3) (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discre...tion, provide for accelerated vesting of the Restricted Stock at any time and for any reason. (c) Forfeiture. Subject to the Sections Section 3(b) hereof, all unvested shares of Restricted Stock shall be immediately forfeited upon the Participant's Termination for any reason. View More
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Vesting. The RSUs shall vest and become non-forfeitable upon the earlier of (a) and (b) below (the "Vesting Date"): (a) the day immediately preceding the Company's next Annual Meeting of Stockholders following the Date of Grant; and (b) termination of the Directorship as the result of the Participant's death or Disability (defined below). provided, in each case that the Participant is actively carrying out his or her duties in connection with the Directorship at all times from the Date of Grant through t...he Vesting Date. Furthermore, in the event that the Directorship is terminated for any reason prior to the Vesting Date, the RSUs shall be forfeited for no consideration. For purposes of this section, "Disability" means the Participant's inability to perform the Directorship by reason of any medically determinable physical or mental impairment for a period of six (6) months or more in any twelve (12) month period. View More
Vesting. The RSUs shall vest and become non-forfeitable upon the earlier of (a) and (b) below (the "Vesting Date"): (a) the day immediately preceding the Company's next Annual Meeting of Stockholders following the Date of Grant; and (b) termination of the Directorship Employment as the result of the Participant's death or Disability (defined below). provided, in each case that the Participant is actively carrying out his or her duties in connection with the Directorship Employment at all times from the D...ate of Grant through the Vesting Date. Furthermore, in the event that the Directorship is terminated for any reason prior to the Vesting Date, Date for any reason other than as a result of the Participant's death or Disability, the RSUs shall be forfeited for no consideration. For purposes of this section, "Disability" means the Participant's inability to perform the Directorship Employment by reason of any medically determinable physical or mental impairment for a period of six (6) months or more in any twelve (12) month period. View More
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Vesting. Except as may otherwise be provided herein, subject to the Participant's continued employment with the Company or an Affiliate, twenty five percent (25%) of the Restricted Shares shall vest on each of the first four anniversaries of the Date of Grant (each such date, a "Vesting Date"). Any fractional Restricted Shares resulting from the application of the vesting schedule shall be aggregated and the Restricted Shares resulting from such aggregation shall vest on the final Vesting Date. Upon vest...ing, the Restricted Shares shall no longer be subject to the transfer restrictions pursuant to Section 7(a) hereof or cancellation pursuant to Section 3 hereof. View More
Vesting. The Restricted Shares shall be one hundred percent (100%) unvested as of the Date of Grant. Except as may otherwise be provided herein, herein and in the Plan (or as otherwise provided in an employment, consulting or other written agreement between the Participant and the Company or any of its Affiliates) and subject to the Participant's continued employment or service with the Company or an Affiliate, twenty five percent (25%) one-third (1/3) of the Restricted Shares shall vest on each of the f...irst four three (3) anniversaries of the Date of Grant (each such date, a "Vesting Date"). Any fractional Restricted Shares resulting from the application of the vesting schedule shall be aggregated and the Restricted Shares resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the Restricted Shares shall no longer be subject to the transfer restrictions pursuant to Section 7(a) 8(a) hereof or cancellation pursuant to Section 3 hereof. View More
Vesting. Except as may otherwise be provided herein, subject to the Participant's continued employment with the Company or an Affiliate, a Subsidiary, twenty five percent (25%) of the Restricted Shares shall vest on each of the first four anniversaries of the Date of Grant (each such date, a "Vesting Date"). Any fractional Restricted Shares resulting from the application of the vesting schedule shall be aggregated and the Restricted Shares resulting from such aggregation shall vest on the final Vesting D...ate. Upon vesting, the Restricted Shares shall no longer be subject to the transfer restrictions pursuant to Section 7(a) hereof 9(a) or cancellation pursuant to Section 3 hereof. View More
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Vesting. The term "vest" as used herein with respect to any Restricted Stock Unit means the lapsing of the restrictions described herein with respect to such Restricted Stock Unit. Unless earlier terminated, forfeited, relinquished or expired, the Award shall vest as follows, provided in each case that the Grantee has remained in continuous Employment from the Date of Grant through the applicable vesting date: (a) Twenty-five percent (25%) of the Award shall vest on each anniversary of the Date of Grant.... (b) In the event (i) the Restricted Stock Units (or any portion thereof) are outstanding as of immediately prior to a Change of Control and the Administrator provides for the assumption or continuation of, or the substitution of a substantially equivalent award for, the Restricted Stock Units (or any portion thereof) in accordance with Section 7(a)(i) of the Plan (the "Rollover Award") and (ii) the Grantee's Employment is terminated by the Company (or its successor) without Cause within the twelve (12) months following the Change of Control, the Rollover Award to the extent still outstanding will vest in full on the date of the termination of the Grantee's Employment. For the avoidance of doubt, if the Administrator does not provide for such assumption, continuation, or substitution in connection with a Change of Control, then the treatment of the Restricted Stock Units in such Change of Control will be as provided for by the Administrator in its sole discretion pursuant to Section 7(a)(2) through Section 7(a)(5) of the Plan. View More
Vesting. The term "vest" as used herein with respect to any Restricted Stock Unit means the lapsing of the restrictions described herein with respect to such Restricted Stock Unit. Unless earlier terminated, forfeited, relinquished or expired, the Award shall vest as follows, provided in each case that the Grantee has remained in continuous Employment from the Date of Grant through the applicable vesting date: (a) Twenty-five (a)Fifty percent (25%) (50%) of the Award shall vest on each anniversary of the... Date of Grant. (b) In (b)In the event (i) the Restricted Stock Units (or any portion thereof) are outstanding as of immediately prior to a Change of Control and the Administrator provides for the assumption or continuation of, or the substitution of a substantially equivalent award for, the Restricted Stock Units (or any portion thereof) in accordance with Section 7(a)(i) of the Plan (the "Rollover Award") and (ii) the Grantee's Employment is terminated by the Company or Michaels Stores, Inc. (or its successor) one of their successors) without Cause or the Grantee resigns for Good Reason, in either case, within the twelve (12) months following the Change of Control, the Rollover Award to the extent still outstanding will vest in full on the date of the termination of the Grantee's Employment. For the avoidance of doubt, if the Administrator does not provide for such assumption, continuation, or substitution in connection with a Change of Control, then the treatment of the Restricted Stock Units in such Change of Control will be as provided for by the Administrator in its sole discretion pursuant to Section 7(a)(2) through Section 7(a)(5) of the Plan. Plan; provided, however, that if the Administrator does not provide for such assumption, continuation, or substitution and generally elects to cancel for no consideration unvested restricted stock units of the Company in the Change of Control, the Restricted Stock Units (or any portion thereof) that remain outstanding as of immediately prior to the Change of Control will vest in full. -2- 4. Forfeiture Risk. If the Grantee's Employment ceases for any reason, including death, any then outstanding and unvested Restricted Stock Units acquired by the Grantee hereunder shall be treated as set forth in Section 7. View More
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Vesting. The Option shall vest and become exercisable as follows: (a) on the first anniversary of the Grant Date, one-third of the total number of Shares may be purchased; (b) on the second anniversary of the Grant Date, two-thirds of the total number of Shares may be purchased; and (c) on the third anniversary of the Grant Date, the Option may be exercised in full. The Option is not earned and the Employee has no right to purchase the underlying Shares until an event described above occurs. The vesting ...described above is cumulative, so that at each vesting date an additional amount of Shares is available for purchase and remains available until the Option's Expiration Date or such earlier date determined pursuant to Section 5, 6 or 7 below. View More
Vesting. The Subject to Rules C3-7 and D of the Plan, the Option shall vest and become exercisable as follows: (a) on the first anniversary of the Grant Date, one-third of the total number of Shares (rounded up) may be purchased; (b) on the second anniversary of the Grant Date, two-thirds of the total number of Shares (rounded up) may be purchased; and (c) on the third anniversary of the Grant Date, the Option may be exercised in full. The Option is not earned and the Employee has no right to purchase th...e underlying Shares until an event described above occurs. The vesting described above is cumulative, so that at each vesting date an additional amount of Shares is available for purchase and remains available until the Option's Expiration Date or such earlier date determined pursuant to Section 5, 5 or 6 or 7 below. View More
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Vesting. Except as otherwise provided in the accompanying Terms and Conditions, this Restricted Stock Unit Award shall vest according to the schedule below. Award Number: Share_NUMBER- Grant Date: Restricted Stock Unit _DATE Vesting Schedule: 100% on the first anniversary of the Grant Date SUPERVALU INC. RECIPIENT: By: Michele A. Murphy FIRST_NAME-MIDDLE_NAME- LAST_NAME- Executive Vice President EMPLOYEE_IDENTIFIER- Human Resources & Corporate Communications SUPERVALU INC. 2012 STOCK PLAN RESTRICTED STOC...K UNIT AWARD TERMS AND CONDITIONS (Cash-Settled) (FOR EMPLOYEES) These Restricted Stock Unit Award Terms and Conditions ("Terms and Conditions") apply to the Award of Restricted Stock Units granted under the 2012 Stock Plan (the "Plan") pursuant to the Restricted Stock Unit Award Agreement (the " Agreement") to which this document is attached. Capitalized terms that are used in this document, but are not defined, shall have the meanings ascribed to them in the Plan or the attached Agreement. See Section 18 for a list of defined terms. View More
Vesting. Except as otherwise provided in the accompanying Terms and Conditions, this Restricted Stock Unit Award shall vest according to the schedule below. Award Number: Share_NUMBER- Grant OPTION_NUMBER- Award Date: Restricted Stock Unit _DATE Vesting Schedule: 100% on the first anniversary OPTION_DATE Number of the Grant Date Shares Vesting: VESTING_SCHEDULE SUPERVALU INC. RECIPIENT: By: Michele A. Murphy FIRST_NAME-MIDDLE_NAME- LAST_NAME- Executive Vice President EMPLOYEE_IDENTIFIER- Human Resources ...& Corporate Communications SUPERVALU INC. 2012 STOCK PLAN RESTRICTED STOCK UNIT AWARD TERMS AND CONDITIONS (Cash-Settled) (FOR EMPLOYEES) These Restricted Stock Unit Award Terms and Conditions ("Terms and Conditions") apply to the Award of Restricted Stock Units granted under the 2012 Stock Plan (the "Plan") "Plan"), pursuant to the Restricted Stock Unit Award Agreement (the " Agreement") "Agreement") to which this document is attached. Capitalized terms that are used in this document, but are not defined, shall have the meanings ascribed to them in the Plan or the attached Agreement. See Section 18 21 for a list of defined terms. View More
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Vesting. Subject to any acceleration provisions, rights and limitations contained in any employment letter, employment agreement or similar agreement that provides you with more favorable vesting provisions, your Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice. Upon termination of your Continuous Service for any reason, the Stock Units credited to the Account that were not vested on the date of or as a result of such termination (after taking into account ...any vesting acceleration provisions in any applicable employment letter, employment agreement or similar agreement) will be forfeited and you will have no further right, title or interest in such Stock Units or the shares of Class A Common Stock to be issued on account of such Stock Units. View More
Vesting. Subject to any acceleration provisions, rights and limitations contained in any employment letter, employment agreement or similar agreement that provides you with more favorable vesting provisions, your Award will vest, if at all, in accordance with the vesting schedule provided contained in the Grant Notice. Upon termination of your Continuous Service for any reason, the Stock Units credited to the Account Restricted Shares that were are not vested on the date of or as a result of such termina...tion (after taking into account any vesting acceleration provisions in any applicable employment letter, employment agreement or similar agreement) your Employment Agreement) will be forfeited at no cost to the Company and you will have no further right, title or interest in such Stock Units or the shares of Class A Common Stock to be issued on account of such Stock Units. Restricted Shares. View More
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