Vesting and Settlement. The Restricted Shares shall cease to constitute Restricted Shares, and shall become unrestricted Shares, pursuant to the vesting schedule attached as Exhibit A.
Vesting and Settlement. (a) Subject to Sections 3(b), 3(c) and 3(d) below, the Restricted Share Units will vest as provided in Section 2 above.
Vesting and Settlement. (a) The Shares shall be one hundred percent (100%) vested as of the Date of Grant.
Vesting and Settlement. (a) The RSUs shall vest as follows, provided that the Grantee remains continuously employed by the Company through each applicable vesting date:
Vesting and Settlement. (a) Subject to the limitations contained herein, the Performance Units will vest as provided in Schedule A attached hereto
Vesting and Settlement. Your “Vesting Start Date” for the 2023 RSUs is the Grant Date. Subject to your continued service through the applicable vesting date, 33% of your 2023 RSUs will vest each annual anniversary of the Vesting Start Date, becoming 100% vested on the 3rd annual anniversary of the Vesting Start Date. If (i) your service is terminated as a result of a “Qualifying Termination” (as that term is defined in the Company’s Executive Severance Plan as of the Grant Date), (ii) such Qualifying Termination occurs within 12 months following a Change in Control, and (iii) and subject to you executing a “Release” (as that term is defined in the Company’s Executive Severance Plan as of the Grant Date) then any unvested portion of your 2023 RSUs will vest on your “Release Effective Date” (as that term is defined in the Company’s Executive Severance Plan as of the Grant Date). If your service terminates for any other reason before your 2023 RSUs vest, you will automatically forfeit all interests and rights related to your unvested 2023 RSUs upon such termination of your service. You will have no right or interest in any forfeited 2023 RSUs and neither the Company nor any Affiliate will have any further obligations under this Agreement. Subject to Section 6 (Taxes) of this Agreement, any portion of your 2023 RSUs that has achieved the vesting requirements will be settled within 60 days following the applicable vesting date. Upon settlement of your 2023 RSUs, the Company shall (a) issue and deliver to you the number of shares of Common Stock equal to the number of 2023 RSUs that vest on the vesting date (subject to any reduction of delivered shares via a net settlement agreement with the Company, in the Company’s discretion, for withholding tax purposes), and (b) enter your name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to you.
Vesting and Settlement. 2.1 One-third (1/3) of the RSUs subject to vesting based on continued service shall vest in a lump sum on each of the first, second, and third anniversaries of the Vesting Commencement Date specified above, subject to the Recipient’s continued service through each such anniversary, except as provided below, with any fractions rounded down except on the final installment. The shares of Stock earned as such RSUs vest will be transferred or issued to the Recipient promptly after the applicable anniversary, but in any event not later than December 31 of the calendar year in which such anniversary occurs.
Vesting and Settlement. 2.1 The RSUs shall vest in accordance with the schedule set forth below.
Vesting and Settlement. (a) Subject to Section 4(b) below, the RSUs shall vest as set forth in this Section 4(a), provided that the Grantee remains continuously employed by the Company through each applicable vesting date:
Vesting and Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment or service with the Company or an Affiliate, the RSUs shall vest in equal installments on each of the first three (3) anniversaries of the Date of Grant (each such date, a “Vesting Date”). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant to Section 9(a) hereof or cancellation pursuant to Section 4 hereof. Any fractional RSUs resulting from the application of the vesting schedule shall be aggregated and the RSUs resulting from such aggregation shall vest on the final Vesting Date.
