Example ContractsClausesVesting Definitions.
Vesting Definitions.
Vesting Definitions. contract clause examples

Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions on or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate.

Vesting. Subject to the provisions of [Section 3] and the other provisions set forth herein, the Awards shall be vested in accordance with the following schedule:

Vesting. Shares of Common Stock awarded under the Restricted Stock Award Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board.

Retirement” means termination of employment after either # attainment of age sixty-five (65), or # attainment of age fifty-five (55) provided the Grantee has accrued ten (10) years of service.

Vesting. The Units shall vest and shares of Stock will be issued to you in accordance with the schedule provided in your Equity Award and Acceptance Summary. Except as otherwise provided in Sections 4, 5, 6, 7 and 8 below, the Units will vest, subject to the conditions described in Section 7 below. Shares of Stock for Units that vest in accordance with this Section 2 will be delivered to you within fifteen (15) days after the applicable vesting date but in no event later than the last day of the calendar year that includes the applicable vesting date. No shares of Stock shall otherwise be issued to you prior to the date on which the Units vest. Notwithstanding anything in the Agreement to the contrary, the Company may, in its sole discretion, settle the Units in the form of a cash payment to the extent that settlement in shares of Stock is prohibited under local law or would require the Company and/or any of its Affiliates to obtain the approval of or complete any legal or regulatory filing with any governmental and/or regulatory body in your country of residence (or country of employment, if different). Alternatively, the Company may, in its sole discretion, settle the Units in the form of shares of Stock but require you to sell such Stock immediately or within a specified time following your termination of employment (in which case, this Agreement shall give the Company the authority to issue sales instructions on your behalf).

Retirement” means termination of employment after either # attainment of age sixty-five (65), or # attainment of age fifty-five (55) provided the Grantee has accrued ten (10) years of service.

Retirement” means termination of employment after either # attainment of age sixty-five (65), or # attainment of age fifty-five (55) provided the Grantee has accrued ten (10) years of service.

Vesting. Subject to the provisions of this Section 3 and Section 11, the PSUs shall vest upon satisfaction of both the Performance Vesting Condition and Time Vesting Condition set forth below. Any PSUs that satisfy both the Performance Vesting Condition and Time Vesting Condition or otherwise fully vest in accordance with the terms of this Agreement shall be referred to herein as “Vested PSUs”.

Vesting. Unless earlier terminated, forfeited, relinquished or expired, the RSUs shall vest in full on the third anniversary of the Grant Date (the “Vesting Date”); provided that Participant remains continuously an Employee of the Company or one of its Affiliates (the Company and its Affiliates hereinafter referred to as “THG”) throughout the period from the Grant Date until the Vesting Date except as set forth in Sections 4, 5, 6 and 7 below. In the event the Vesting Date falls on a non-business day (weekend or holiday on which banks are not generally open in the Commonwealth of Massachusetts), the Vesting Date shall be the next following business day.

Retirement” means termination of employment after either # attainment of age sixty-five (65), or # attainment of age fifty-five (55) provided the Grantee has accrued ten (10) years of service.

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