Amendment to Vesting Schedule. Although the Company reserves the right to amend the vesting schedule at any time, the Company shall not amend the vesting schedule (and no such amendment shall be effective) if the amendment would reduce the vested percentage of any Participants Account (determined as of the later of the date the Company adopts the amendment or the date the amendment becomes effective) to a percentage less than the vested percentage computed under the Plan without regard to the amendment. If the vesting schedule of the Plan is amended or any other amendment to the Plan is adopted which directly or indirectly affects the computation of the vested percentage of a Participants Account, the vested benefit of any Participant who has completed at least three (3) Years of Service shall be computed under the vesting
Vesting Schedule. Subject to the special vesting rules set forth in [Sections 7, 14 and 15]5]5], the Stock Units shall vest in accordance with the Vesting Schedule specified in the Award Agreement to the extent that the Employee is continuously employed by the Company or its Subsidiaries until the Vesting Dates specified in the Vesting Schedule and has not terminated employment on or before such dates. An Employee will not be treated as remaining in continuous employment if the Employee’s employer ceases to be a Subsidiary of the Company.
This option will become exercisable (vest) as to 25% of the original number of Shares on the first anniversary of the Vesting Commencement Date (as defined below) and as to an additional 6.25% of the original number of Shares at the end of each successive quarter following the first anniversary of the Vesting Commencement Date until the fourth anniversary of the Vesting Commencement Date. On the fourth anniversary of the Vesting Commencement Date, this option will be exercisable as to all Shares. For purposes of this Agreement, Vesting Commencement Date shall mean .
This option will become exercisable (vest) in accordance with the vesting schedule set forth in the Notice of Grant.
Vesting Schedule. Except as provided in [Section 5], and subject to [Section 6], the Shares subject to this Award will vest in accordance with the vesting provisions set forth in the Notice of Grant of Restricted Stock Award and [Exhibit A]. Shares subject to this Award scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in accordance with any of the provisions of this RSA Agreement and [Exhibit A], unless Participant has continuously satisfied the Service Condition from the Grant Date until the date such vesting occurs.
Vesting Schedule. The Restricted Stock will vest according to the following revenue thresholds:
Vesting Schedule. The Award shall Vest in accordance with the Vesting Schedule.
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.
Vesting Schedule. Except and to the extent provided in paragraphs 7(b) and (c), nothing in this paragraph 7 shall alter the vesting schedule prescribed by paragraph 5.
Vesting Schedule. All of the RSUs shall initially be unvested. Subject to [Sections 2.2, 2.3, and 2.5]5]5], all of the RSUs shall vest on the day before the date of the Company’s 2016 annual meeting of shareholders.
This option will become exercisable (vest) in accordance with the vesting schedule set forth in the Notice of Grant.
Vesting Schedule. Subject to the terms of this Agreement and the Plan and provided that the Optionee remains continuously employed throughout the vesting periods, this Option shall vest and become exercisable upon the each of the first three (3) anniversaries of the Grant Date (each a “Vesting Date”), as set forth below:
This option will become exercisable (vest) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date.
Vesting Schedule. Beginning with the calendar quarter in which the Grant Date occurs, 25% of the RSUs shall vest on the last day of each calendar quarter of the year in which the Grant Date occurs (i.e., March 31, June 30, September 30 and December 31) and any remaining RSUs shall become fully vested on December 31 of the year in which the Grant Date occurs (the “Final Vesting Date”).
Schedule of Vesting. Grantee shall be eligible for the release from escrow of Restricted Shares as follows: 62,500 Restricted Shares per quarter, or pro rata amount thereof for partial quarters, over a 36 month period commencing to accrue on September 30, 2018, issuable for release quarterly on the last day of each calendar quarter; provided, that the first release will be of 62,500 Restricted Shares and is scheduled to occur on December 31, 2018, and the last release will be of 62,500 Restricted Shares and is scheduled to occur on September 30, 2021; and provided further, that Grantee is, at the time of the scheduled release, serving as a director, officer, employee or key consultant of the Company. Furthermore, the Restricted Shares shall include an additional 750,000 Shares which will be held in escrow and only released with the specific approval of the Company’s Board of Directors by duly adopted resolutions, or upon the achievement of certain performance milestones to be established by resolutions duly adopted by the Company’s Board of Directors.
-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.
Vesting. Your Award shall vest as follows:
Vesting. The Retention Incentive shall vest and be earned on the Retention Date provided Employee is still employed by Albany on such date and it has been determined, in Albany’s sole discretion, that Employee has substantially completed the transition of his duties. In the event that Albany terminates Employee’s employment prior to the Retention Date without Cause (as defined in paragraph 5), Albany shall be obligated to pay Employee the Retention Incentive upon termination; in the event Employee’s employment with Albany terminates prior to the Retention Date for any other reason, the Retention Incentive shall be forfeited and shall never vest.
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