Vesting Contract Clauses (4,221)

Vesting. Subject to the terms and conditions of this Award, the PSUs shall vest according to the Vesting Schedule for this Award, which is set forth on the accompanying certificate for this Award, so long as Participant remains continuously employed by the Company until the Settlement Date.

Vesting. 3.1. Subject to the provisions of the Plan and the other provisions of this Agreement, the Restricted Stock Units shall vest fully on the first anniversary of the Date of Grant (the "Vesting Date") subject to the Grantee's Continuous Status as an Employee, Director or Consultant through the Vesting Date. 3.2. If the Grantee's Continuous Status as an Employee, Director or Consultant terminates prior to the Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted... 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 Restricted 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) Subject to the terms and conditions of this Agreement and provided that the Participant continues to provide Service (as defined in Section 3 below) to the Company (or any Related Entity) through the applicable Vesting Date(s) as set forth in Exhibit A, the RSUs will vest and become payable in Shares pursuant to the applicable Vesting Date(s) as set forth in Exhibit A. (b) In the event of a Corporate Transaction, the RSUs are governed by Section 11 of the Plan (subject to the terms of any ap...plicable Employment or Change in Control Agreement). View More

Vesting. (a) Generally. Subject to acceleration of the vesting of the Award pursuant to Section 3(c) or the forfeiture and termination of the Award pursuant to Section 3(b), the Options (rounded to the nearest whole share) shall vest and become exercisable hereunder on the following dates, provided that Grantee has been continuously employed by the Company or a subsidiary of the Company from the Grant Date through each of the following dates: (i) [___________]; and (ii) [___________]. The Options may be ...exercised only to the extent they shall have vested and are exercisable, and during Grantee's lifetime, only by Grantee. In no event may the Options be exercised, in whole or in part, after [_________ __, 20__] (the "Expiration Date"). (b) Terminations. (i) Termination Other Than For Cause. Upon a termination of Grantee's employment for any reason other than Cause prior to vesting pursuant to Section 3(a), all such unvested Options shall be immediately forfeited, and Grantee may exercise the vested Options within the earlier of thirty (30) days after such termination or the Expiration Date. (ii) Termination For Cause. Upon a termination of Grantee's employment for Cause, all unexercised Options (whether vested or not vested) shall be immediately forfeited. (iii) Any amount of the Award forfeited under this Section 3 shall be cancelled and shall terminate. (c) Change in Control. Upon the occurrence of a Change in Control while Grantee is employed by the Company or a subsidiary of the Company, all unvested Options shall become vested as of the date of the Change in Control. (d) Definition of Cause. For purposes of this Agreement, "Cause" shall mean: (i) Grantee acted dishonestly or incompetently or engaged in willful misconduct in performance of his duties; (ii) Grantee breached fiduciary duties owed to the Company; (iii) Grantee intentionally failed to perform reasonably assigned duties; and/or (iv) Grantee willfully violated any law, rule or regulations, or court order (other than minor traffic violations or similar offenses), or otherwise committed any act which would have a material adverse impact on the business of the Company. (e) Definition of Change in Control. For purposes of this Agreement, "Change in Control" shall mean the occurrence of a Change in Control event described in any of subparagraph (i), (ii), or (iii) below (each, a "Change in Control Event"), provided that any such event relates to the Company and is not approved by a majority of the then-existing board of directors of the Company: (i) Change of Ownership. A change in ownership occurs if a person, or a group of persons acting together, acquires more than fifty percent (50%) of the stock of the corporation, measured by total voting power or fair market value. Incremental increases in ownership by a person or group that already owns fifty percent (50%) of the corporation do not result in a change of ownership. (ii) Change in Effective Control. A change in effective control occurs if, over a twelve (12) month period: (1) a person or group acquires stock representing fifty percent (50%) of the total voting power of the corporation; or (2) a majority of the members of the board of directors of the corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors' appointment. (iii) Change in Ownership of a Substantial Portion of Corporate Assets. A change in control based on the sale of assets occurs if a person or group acquires fifty percent (50%) or more of the total gross fair market value of all the assets of a corporation over a twelve (12) month period. No change in control results pursuant to this subparagraph (iii) if the assets are transferred to entities owned or controlled directly or indirectly by the Company. View More

Vesting. The Grantee's interest in the Restricted Shares shall vest and become nonforfeitable as follows: Except as otherwise provided herein or in the Plan, the Grantee's interest in the Restricted Shares shall vest upon the earlier of (a) the first anniversary of the Effective Date, or (b) the failure of the Grantee to be re-elected at an annual meeting of the stockholders of the Company as a result of being excluded from the nominations for any reason other than Cause (as defined in the Plan). Notwith...standing the preceding paragraph of this Section 5, the Grantee's interest in the Restricted Shares not previously vested or forfeited shall become 100% vested upon the occurrence of a Change in Control (as defined in the Plan). View More

Vesting. These RSUs are subject to vesting, with 4,704 RSUs vesting on March 1, 2018, and 4,704 RSUs vesting on September 1, 2018, provided the Employee is in the employ of the Company at the time of each such vesting. If employment is terminated by the Employee for "Good Reason", by the Company without "Cause" or as a result of the Employee's Employment Related Death or Disability, as defined in the Employee's Employment Agreement, the RSUs shall immediately become fully (100%) vested and exercisable an...d shall be paid and the full Retention Bonus shall immediately become due and payable upon termination of employment. View More

Vesting. (a) General. The Participant shall vest in the RSUs as follows: one-third of the total number of RSUs subject to this grant (including DEUs credited with respect to such RSUs) shall vest on March 3, 2018, one-third of the total number of RSUs subject to this grant (including DEUs credited with respect to such RSUs) shall vest on March 3, 2019, and the remaining number of RSUs subject to this grant (including DEUs credited with respect to such RSUs) shall vest on March 3, 2020. The Participant mu...st be continuously employed by the Company or a Related Company (as defined in paragraph 13) from the date the RSUs are granted through each of the applicable vesting dates specified in this paragraph 5(a) as a condition to the vesting of the applicable installment of the RSUs, except as otherwise provided in paragraph 7 ("Early Cancellation/Accelerated Vesting of RSUs") or as otherwise provided by the Committee. (b) Transfer. Transfer of employment from Verizon to a Related Company, from a Related Company to Verizon, or from one Related Company to another Related Company shall not constitute a separation from employment hereunder, and service with a Related Company shall be treated as service with the Company for purposes of the continuous employment requirement in paragraph 5(a). If the Participant transfers employment pursuant to this paragraph 5(b), the Participant will still be required to satisfy the definition of "Retire" under paragraph 7 of this Agreement in order to be eligible for the accelerated vesting provisions in connection with a retirement. View More

Vesting. (a) Subject to Section 4(b) hereof and the further provisions of this Agreement, a number of whole shares of Restricted Stock as close as possible to 25% of the total number of shares granted hereunder shall vest on each of November 15, 2013, 2014, 2015 and 2016 (each such date, a "Vesting Date"). (b) In the event of the occurrence of a Change in Control, as defined in Section 3.8(a) of the Plan, as in effect on the date of such occurrence, the Restricted Stock shall become vested in full on the... date of such Change in Control. View More

Vesting. (a) The Units, unless earlier terminated, shall become vested as to one-third (1/3rd) of the total number of Units subject to the Award on each of the first day of the first month following the first, second and third anniversaries of the Grant Date, such that the Units shall be fully vested on the first day of the first month following the third anniversary of the Grant Date. Notwithstanding the foregoing, the Units subject to the Award shall not vest on any vesting date unless the Participant ...has remained continuously employed by the Company or its subsidiaries on the applicable vesting date. (b) Notwithstanding anything to the contrary in this Section 2, if Participant retires from the Company at a time when the sum of his or her age in whole years and his or her years of service with the Company (as determined in a manner consistent with the method used for purposes of determining vesting under the Comfort Systems USA, Inc. 401(k) Plan) is at least 75, Participant shall be deemed to satisfy the continuous employment condition set forth in Section 2(a) and such Units shall remain eligible to vest. Delivery of Shares with respect to any Units which become vested hereunder shall be made on their scheduled vesting date as set forth in Section 2(a). (c) Notwithstanding anything to the contrary in this Section 2, the Committee may, in its sole discretion, reduce the number of Units vesting on any date pursuant to this Award, and may cause any unvested Units under this Award to be forfeited, based on the individual performance of the Participant as compared with specific individual goals, which may be based on objective or nonobjective factors related to Participant's performance. View More

Vesting. The vesting schedule for the Stock Option is as follows: ● 50% of the stock option (1,000,000 shares) vests on the grant date. ● The remaining 50% of the stock option (1,000,000 shares) vests ratably monthly over the next 36 months.