Vesting Schedule. Beginning with the fiscal quarter in which the Grant Date occurs, 25% of the RSUs shall vest on the last day of each quarter of the fiscal year in which the Grant Date occurs (i.e., at the end of April, July, October and January) and any remaining RSUs shall become fully vested on the last day of the fiscal year in which the Grant Date occurs (the “Final Vesting Date”).
Subject to Section 3(b), of the Shares issuable under the RSUs shall vest on the first anniversary of the Grant Date and on each succeeding anniversary of the Grant Date until all of the Shares have been issued (after the anniversary of the Grant Date).
Vesting Schedule. Except and to the extent provided in paragraphs 7(c) and (d), nothing in this paragraph 7 shall alter the vesting schedule prescribed by paragraph 5.
The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.
Vesting Schedule. The Option will become vested and exercisable as follows:
Schedule of Vesting. Grantee shall be eligible for the release from escrow of Restricted Shares as follows: 62,500 or pro rata portion thereof per calendar quarter over a 36 month period commencing on September 30, 2016, issuable on the last day of each calendar quarter; provided, that the first release will be of 62,500 Shares and is scheduled to occur on September 30, 2016.
-5 To the extent applicable, if any amendment changes the vesting schedule, including an automatic change to or from a top-heavy vesting schedule, any Participant with three (3) or more Vesting Years may, by filing a written request with the Employer, elect to have his or her vested percentage computed under the vesting schedule in effect prior to the amendment. The election period must begin not later than the later of sixty (60) days after the amendment is adopted, the amendment becomes effective, or the Participant is issued written notice of the amendment by the Employer or the Committee.
Amendment to SCHEDULE A. “[Schedule A] – Covered Policies” to the Agreement is replaced in its entirety with the “[Schedule A] – Covered Policies” attached to this Amendment.
MEMBERS® Zone Annuity
Amendment to [Schedule 1]. The Credit Agreement is hereby amended to delete [Schedule 1] (Commitments of Lenders) therefrom and to insert in place thereof a new [Schedule 1] in the form of [Schedule 1] hereto.
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