Time-Based Restricted Shares and Time-Based RSUs . Fifty percent (50%) of the shares of PulteGroup common stock subject to an employee’s outstanding time-based restricted share and RSU awards that were not vested immediately prior to the employee’s Qualifying Retirement shall vest upon the employee’s Qualifying Retirement (subject to the Release becoming irrevocable) and the remaining shares of PulteGroup common stock subject to such awards shall continue to vest in accordance with the original vesting schedule set forth in the underlying award agreements, assuming that the employee had remained employed with the Company through each vesting date, subject to any delay required by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The accelerated vesting provided for under this [Section 2(b)] shall apply to the first tranche of shares scheduled to vest following the employee’s Qualifying Retirement, and, to the extent the accelerated vesting provided for under this [Section 2(b)] applies to additional shares, shall be applied with respect to each subsequent tranche in sequential order thereafter.
Redemption of Vested Time-based RSUs. No later than fifteen (15) days following each Time Vesting Event (and regardless of whether Share certificates have been issued to Participant), the Company shall redeem from the Participant, at a per Share redemption price equal to the then Share Value, forty percent (40%) of the number of Shares that vested by reason of such Time Vesting Event. For example, based on the number of RSUs covered hereby, 1,283.375 RSUs will vest on , and within fifteen (15) days thereafter the Company shall redeem from the Participant 513.35 Shares at the then Share Value (1,283.375 x .4).
Time-Based Target and Participation Percentage. The “Time-Based Target” is for the Participant to remain continuously employed by the Company or any of its Affiliates for each calendar year in the Performance Period, and the Participation Percentage for each calendar year for doing so is 33%.
Time. Time is of the essence regarding this Lease and all of its provisions.
Time. Buyer and Seller understand that “Time is of the Essence” for this Agreement.
Time. Time shall be of the essence of this Agreement. As used herein, the term “business day” shall mean any day when the Commission’s office in Washington, D.C. is open for business.
The Executive shall devote his full working time, attention and abilities to the business and affairs of the Company and its Affiliates and shall serve the Company and its Affiliates faithfully and use his best efforts to promote the interests of the Company and its Affiliates. The Executive shall not, without prior approval of the Board, act as a director or officer of, or a business adviser to, any other Person (other than non-profit or charitable entities), other than the Company or any of its Affiliates.
Time Periods. When calculating the period of time before which, within which, following or after which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a non-Business Day, the period in question shall end on the next succeeding Business Day.
Time Estimates. Due to the unpredictable nature of the Development Services, the time schedule set down for the performance of these Services in a Work Order is an estimate only. Upon completion or near completion of early-phase program elements, the project teams will establish a more definitive time schedule estimate for Manufacturing Services.
Time References. Unless the context of this Agreement or any other Loan Document clearly requires otherwise, all references to time of day refer to Pacific standard time or Pacific daylight saving time, as in effect in Los Angeles, California on such day. For purposes of the computation of a period of time from a specified date to a later specified date, the word "from" means "from and including" and the words "to" and "until" each means "to and including"; provided that, with respect to a computation of fees or interest payable to Agent or any Lender, such period shall in any event consist of at least one full day.
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