Vesting. The Units granted on the date of this Agreement, and any Units granted hereafter, shall be subject to forfeiture until the Units vest. The units shall vest in full upon the earlier of # the twelve (12) month anniversary of the date of this Agreement and # the day immediately preceding the annual meeting of shareholders of the Company next occurring after the date of this Agreement, provided that Participant is a Director of the Company on such date, or upon an earlier Change in Control, death or Disability. Notwithstanding the foregoing, actions taken in compliance with that certain Stockholder’s Agreement dated as of , among the Company, Duchossois Industries, Inc. and subsequent signatories thereto, as amended from time to time, shall not be deemed a Change in Control. For purposes of this Agreement, “Disability” means that Participant becomes “disabled” within the meaning of [Section 409A(a)(2)(C)] of the Code or any successor provision and the applicable regulations thereunder. Any Dividend Equivalents credited with respect to such Units shall vest at the same time as such Units vest.
Vesting. The Award shall vest in installments over a three (3) year period, commencing on the Grant Date, at the rate of 25% effective on the first and second anniversaries of the Grant Date and 50% on the third anniversary of the Grant Date; provided that you have not incurred a Termination of Directorship (as defined below) prior to the applicable vesting date. Notwithstanding the foregoing, the Award shall become fully vested prior to your Termination of Directorship upon # your death or # a Change in Control. The date that an RSU becomes vested shall be referred to herein as the “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:
Vesting. Except as provided in [Section 8(a)], the vesting of your PSUs is dependent upon your remaining continuously employed with Stryker through (the “Vesting Date”) as well as upon the Company’s financial performance during the three-year period ending (the “Performance Period”). Specifically, the vesting of any of the PSUs is dependent upon attainment of the Threshold Performance Target as set forth in [Section 3]. If the Threshold Performance Target is attained, then the vesting of 50% of the PSUs (the “EPS PSUs”) is dependent on Adjusted EPS Growth as set forth in [Section 4], and vesting of the remaining 50% of the PSUs (the “Sales Growth PSUs”) is dependent on the Sales Growth Percentile Ranking as set forth in [Section 5]. The actual number of your PSUs that become vested, if any, shall be determined based on exercise of negative discretion by the Committee in accordance with [Sections 4, 5 and 6]6]6] below.
Vesting. Your Restricted Stock will vest as follows, provided you have not incurred a Forfeiture Condition described below:
Vesting. The Restricted Shares shall vest and be released from escrow to the Grantee under this Agreement in accordance with the vesting schedule set forth in [Section 2.1] and the other conditions precedent to the release from escrow of the eligible Restricted Shares.
Vesting. Thirty three and one-third percent (33 1/3%) of the Shares will vest on ; thirty three and one-third percent (33 1/3%) of the Shares will vest on ; and the remaining thirty three and one-third percent (33 1/3%) of the Shares will vest on . Vesting will occur only if you have continuously been an employee of the Company (or one or more of its affiliates) from the Grant Date through the applicable vesting date; provided, however, that notwithstanding the foregoing, all Shares which are unvested as of the date of your termination of employment with the Company (or one or more of its affiliates) by reason of your death, Disability or Retirement shall vest immediately upon such termination, and the Restriction Period applicable to all such Shares shall expire.
Vesting. The RSUs covered by this Agreement shall become nonforfeitable and payable to Grantee pursuant to [Section 7] hereof on the date that is 13 months following the Date of Grant if Grantee remains in continuous service with the Company or any of its Subsidiaries (or any of their successors) as of each such date.
Vesting. Notwithstanding any other provision in the Plan, effective as of the Closing Date (as such term is defined in the HCS Asset Sale Agreement), the HCS Employees shall be 100% vested in their Accounts under the Plan.
If the Participant has remained continuously in a Business Relationship from the Grant Date through the dates listed on the vesting schedule set forth on the cover page hereof, the Participant may exercise this option for the number of shares of Common Stock in accordance with such vesting schedule. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to [Sections 4 or 5]5] hereof if the Participants Business Relationship terminates) may be exercised only before the date which is 10 years from the Grant Date.
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