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General Vesting Terms
General Vesting Terms contract clause examples

Vesting. Except as otherwise provided in Sections 5 and 7 of this Agreement, on each of the dates set forth below (each a “Vesting Date”), subject to the Participant’s continued employment with the Company, the Participant will become vested in the below-stated percentage of the total number of RSUs granted with respect to this Award, until the Participant is 100% vested in the RSUs:

Vesting. Except as set forth in [subsection (c)], the RSUs will be eligible to vest only if the Participant continues in employment with the Company or its Affiliate until ​ (the “Vesting Date”). If the Participant’s employment with the Company and its Affiliates terminates for any reason prior to the Vesting Date, then[, except as set forth in [subsection (c)],] the RSUs shall be forfeited on the date of such termination without consideration therefor.

Vesting. Subject to Section 9 and Section 11 below, on each of the dates set forth below (each a “Vesting Date”), subject to the Participant’s continued employment with the Company, the Participant will become vested in the below-stated percentage of his or her Award of Performance Units:

Vesting. Except as otherwise determined by the Committee in its sole discretion (subject to Section 23 of the Plan) or as otherwise provided in this Section 3 or Section 8, the vesting of RSUs covered hereby shall be subject to the Employee’s continued employment with the Company or a subsidiary or affiliate through the applicable Vesting Date. The Employee shall be eligible to vest in one-third of the shares of Common Stock covered by this Agreement as set forth in the Award Summary on each of December 31, 2021, December 31, 2022 and December 31, 2023 (each, a “Vesting Date”).

Vesting of RSUs. The RSUs awarded hereunder shall vest, and the restrictions on such RSUs shall lapse, only if Participant remains in Continuous Service with the Company or an Affiliate until the applicable anniversary of the Award Date, as set forth below (each, a “Vesting Date”).

Vesting. Subject to Section 3 above and Section 10 and Section 12 below, on each of the dates set forth below (each a “Vesting Date”), subject to the Participant’s continued employment with the Company, the Participant will become vested in the below-stated percentage of his or her Award of Performance Units:

Except as otherwise provided in this Section 2, each RSU shall be subject to the restrictions and conditions set forth herein during the period from the Award Date until the date such RSU has become vested and non-forfeitable such that there are no longer any RSUs that may become potentially vested and non-forfeitable (the “Restricted Period”). Vesting of the RSUs is conditioned upon you remaining continuously employed by the Company or a subsidiary of the Company from the Award Date until the relevant vesting date, subject to the provisions of this Section 2. Assuming satisfaction of such employment conditions, 25% of the RSUs shall vest on each of the first four anniversaries of the Award Date (each, a “Vesting Date”).

The Participant will become vested in the RSUs in accordance with the schedule set forth above (each such vesting date, a "Vesting Date").

The Participant will become vested in the RSUs in accordance with the schedule set forth above (each such vesting date, a “Vesting Date”).

Unless earlier terminated, forfeited, relinquished or expired, subject to the Participant’s continued Engagement through each applicable vesting date, ​ of the RSUs will vest in quarterly installments beginning on ​, through and including ​ (rounded down to the nearest whole Share, except as to the last vesting date, with respect to which all remaining RSUs will vest), such that one hundred percent (100%) the original number of Shares will vest on ​. Notwithstanding the foregoing, if the Participant fails to execute the Agreement within ninety (90) days after the Agreement is made available to the Participant, in accordance with [Section 11] of the Agreement, the Participant’s right to acquire any shares subject to the unvested RSUs will immediately terminate.

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