Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof (“Vest,” or similar terms) on the first anniversary of the Date of Grant, conditioned upon the Grantee’s continuous service on the Board through such date (the period from the Date of Grant until the first anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so Vest will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to continuously serve on the Board prior to the end of the Vesting Period.
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Samples: Nexpoint Residential (NexPoint Residential Trust, Inc.), Restricted Stock Units Agreement (NexPoint Real Estate Finance, Inc.), Restricted Stock Units Agreement (NexPoint Real Estate Finance, Inc.)
Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof (“Vest,” or similar terms) on the first anniversary of the Date of Grant_____________________________, conditioned upon the Grantee’s continuous service on the Board through such date (the period from the Date of Grant until the first __________ anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so Vest will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to continuously serve on the Board prior to the end of the Vesting Period.
Appears in 3 contracts
Samples: Restricted Shares Units Agreement (Nexpoint Diversified Real Estate Trust), Restricted Shares Units Agreement (Nexpoint Diversified Real Estate Trust), Restricted Shares Units Agreement (Nexpoint Diversified Real Estate Trust)
Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof (“Vest,” or similar terms) on the first anniversary of the Date of Grant_______, conditioned upon the Grantee’s continuous service on the Board through such date (the period from the Date of Grant until the first anniversary of the Date of Grant________, the “Vesting Period”). Any RSUs that do not so Vest become nonforfeitable will be forfeited, including, except as provided in Section 4(b), Section 4(c) or Section 4(c4(d) below, if the Grantee ceases to continuously serve on the Board prior to the end of the Vesting Period.
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Samples: Restricted Stock Units Agreement (Horizon Global Corp)
Vesting of RSUs. (aa.) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof (“Vest,” or similar terms) on the first [_____] anniversary of the Date of Grant, conditioned upon the Grantee’s continuous service on the Board through such date (the period from the Date of Grant until the first [_____] anniversary of the Date of Grant, the “Vesting Period”). Any RSUs that do not so Vest will be forfeited, including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to continuously serve on the Board prior to the end of the Vesting Period.
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