Example ContractsClausesvestingVariants
Vesting
Vesting contract clause examples

Vesting. In accordance with Sections 3 and 4 below, the RSUs will vest as follows: # one-third will vest on the first anniversary of the Grant Date, # one-third will vest on the second anniversary of the Grant Date, and # one-third will vest on the third anniversary of the Grant Date (the “Vesting Period”).

Vesting. Subject to Sections 3 and 4 below, the RSUs will vest as follows: # one-third will vest on the first anniversary of the Grant Date, # one-third will vest on the second anniversary of the Grant Date, and # one-third will vest on the third anniversary of the Grant Date (each one-year period, a “Vesting Period”).

Vesting of RSUs. As set forth in the chart above, the RSUs will vest on the third anniversary of the Grant Date (the “Vesting Date”), as long as the Grantee remains continuously employed by the Company or a Subsidiary until the Vesting Date, unless otherwise provided by Sections 5 or 8 below. The Grantee will have no rights to the shares of Stock until the RSUs have vested. Prior to settlement, the RSUs represent an unfunded and unsecured obligation of the Company.

Vesting. The RSUs that have provisionally vested under Section 2 above will vest on the third anniversary of the Grant Date (the “Vesting Date”). If Your employment terminates or if You cease providing services to the Company or an Affiliate for any reason prior to the Vesting Date, other than as set forth in Section 4 or 5 below, Your unvested RSUs (even if provisionally vested) will be automatically cancelled.

Subject to Section 3(b), ​ of the Shares issuable under the RSUs shall vest on the first anniversary of the Grant Date and on each succeeding anniversary of the Grant Date until all of the Shares have been issued (after the ​ anniversary of the Grant Date).

Effective ​ (the “Grant Date”), you have been granted an Award of RSUs, which vest over a period of time. Provided you remain employed by the Employer until such dates, one-third of the RSUs will vest on ​, one-third will vest on ​, and the remaining one-third will vest on ​ (each considered a “Vesting Period”) (collectively, the “Vesting Schedule”).

Vesting Date. Except as otherwise provided in the Terms and Conditions, the RSUs will vest on the later of (a) one year from the grant date; or (b) on the date of the next Annual Shareholders’ Meeting of the Company that occurs after the Grant Date (“Vesting Date”).

Vesting Schedule. Beginning with the calendar quarter in which the Grant Date occurs, 25% of the RSUs shall vest on the last day of each calendar quarter of the year in which the Grant Date occurs (i.e., March 31, June 30, September 30 and December 31) and any remaining RSUs shall become fully vested on December 31 of the year in which the Grant Date occurs (the “Final Vesting Date”).

on the first Vesting Date, if the Grantee has received RSUs vesting 100% on the third anniversary of the Grant Date or the first 50% on the third anniversary of the Grant Date, to receive from the Company, upon vesting, a cash amount in respect of each RSU, which is equal to the Vesting Price; and

Vesting. Subject to the provisions of Section 2 below, each RSU Award granted hereunder shall vest with respect to one-third of the RSUs (disregarding fractional RSUs) on May 15 of each of the three consecutive calendar years following the year in which such Award is granted; provided, however, that if an Award is granted between the Annual Meeting and December 31 pursuant to Section 1(b)(i), the first vesting shall occur on May 15 of the second calendar year following the year in which such Award is granted. Shares issued upon vesting will be registered in the Eligible Director’s name in book-entry form. RSUs that do not vest into Shares will be forfeited.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.