Example ContractsClausesStock Vesting Upon Termination
Stock Vesting Upon Termination
Stock Vesting Upon Termination contract clause examples

Stock Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this [Section 6(d)], Executive’s then # unvested equity awards granted under the Company’s stock incentive plans prior to 2021 and after the Executive became an Executive of the Company shall continue to vest for a period of 12 months following the Termination Date, # unvested equity awards granted during or after 2021 under the Company’s stock incentive plans shall be forfeited and cancelled, and # with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for 12 months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan (as may be amended and/or restated or replaced from time to time).

Stock Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this [Section 6(d)], Executive’s then unvested equity awards granted under the Company’s stock incentive plans after the Executive became an Executive of the Company shall continue to vest for a period of 3 months following the Termination Date, and, with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for 3 months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan (as may be amended and/or restated or replaced from time to time).

Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this Section 6(d), Executive’s then unvested restricted stock units and restricted stock granted under the Company’s stock incentive plans after the Executive became an employee of the Company, shall vest as they would have vested during the twelve (12) months following the Termination Date; but, with respect to any performance stock units, such equity would only vest to the extent that the Executive had achieved the performance criteria at the Termination Date, with no further vesting to occur. In the event that Executive’s employment is terminated pursuant to Section 6(a) (Death), Executive’s then unvested time-vesting stock units (“RSUs”) and restricted stock, granted under the Company’s stock incentive plans, one hundred percent (100%) of Executive’s then unvested RSUs and restricted stock shall become vested. No other form of equity granted to Executive (performance stock units, stock options, etc.) shall be vested, but shall be forfeited and cancelled.

Acceleration of Vesting Upon Termination. Notwithstanding Section 2(a), any unvested RSUs subject to this Agreement shall vest as follows:

Stock Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this [Section 6(d)], Executive’s then # unvested equity awards granted under the Company’s stock incentive plans prior to 2021 and after the Executive became an Executive of the Company shall continue to vest for a period of 12 months following the Termination Date, # unvested equity awards granted during or after 2021 under the Company’s stock incentive plans shall be forfeited and cancelled, and # with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for 12 months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan (as may be amended and/or restated or replaced from time to time).

Acceleration of Vesting Upon Termination. Notwithstanding any other term or provision of this Agreement, in the event the Grantee ceases to be continuously employed by the Company or a Subsidiary either due to a termination by the Company without Cause or by the Grantee for Good Reason during the eighteen (18) month period immediately following a Change in Control, all Non-Vested MSUs subject to this Agreement that are then outstanding shall become immediately Vested MSUs as of the date of the Grantee’s termination of employment.

Vesting Upon Retirement. In the event that the Grantee’s employment with the Company shall terminate prior to December 31, 2021 because of Retirement in the absence of Cause, a pro rata portion of the ROIC Shares and the TSR Shares shall become non-forfeitable on the Vesting Date based on the actual performance achieved under Section 1(b) and (c) whereby the pro rata portion shall be determined by dividing the number of complete quarters in the performance period until Retirement by twelve (12). The distribution of the non-forfeitable ROIC Shares and TSR Shares under this Section 3(b) shall be made at the same time as the distribution of the Performance Shares that would have been made under Section 2.

Stock Vesting Upon Termination. In the event Executive’s employment is terminated pursuant to this Section 6(d), Executive’s then unvested equity awards granted under the Company’s stock incentive plans after the Executive became an Executive of the Company shall continue to vest for a period of 6 months following the Termination Date, and, with respect to any options that are exercisable or become exercisable, such options shall remain exercisable for 6 months following the Termination Date, subject to such longer period as may be provided by the Company’s 2004 Incentive Stock Plan (as may be amended and/or restated or replaced from time to time).

Vesting Upon Retirement. In the event that the Grantee’s employment with the Company shall terminate prior to December 31, 2024 because of Retirement in the absence of Cause, a pro rata portion of the ROIC Shares and the TSR Shares shall become non-forfeitable on the Vesting Date based on the actual performance achieved under Section 1(b) and (c) whereby the pro rata portion shall be determined by dividing the number of complete calendar quarters in the applicable performance period until Retirement by twelve (12). The distribution of the non-forfeitable ROIC Shares and TSR Shares under this Section 3(b) shall be made at the same time as the distribution of the Performance Shares that would have been made under Section 2.

Vesting Upon Retirement. In the event that the Grantee’s employment with the Company shall terminate prior to January 5, 2024 because of Retirement in the absence of Cause, a portion of any TBRSUs which are forfeitable as of such date shall become non-forfeitable, with such portion being equal to # the total number of TBRSUs granted hereunder, multiplied by a fraction, the numerator of which is the number of complete calendar quarters which have elapsed from the Date of Grant to the date of Retirement, and

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