Examples of Vesting Period in a sentence
Employment for any portion of a calendar month during the Vesting Period shall be deemed employment for that calendar month.
Dividend equivalents shall equal the dividends actually paid with respect to PepsiCo Common Stock during the RSU Vesting Period while (and to the extent) the RSUs remain outstanding and unpaid.
During the RSU Vesting Period, the Participant shall accumulate dividend equivalents with respect to the RSUs, which dividend equivalents shall be paid in cash (without interest) to the Participant only if and when the applicable RSUs vest and become payable.
If certificates representing the Option Units are issued by the Company, at the expiration of each Vesting Period, the Company shall deliver to the Participant (or, if applicable, to the Participant’s legal representatives, beneficiaries or heirs) certificates representing the number of Option Units that vested upon the expiration of such Vesting Period.
Subject to the terms and conditions set forth herein and in the Plan, the Restricted Stock Units shall become 100% vested on the last day of the Vesting Period (the “Vesting Date”), provided the Participant has remained in Service from the Date of Grant through the Vesting Date.