Accelerated Vesting of Restricted Stock. (a) Upon the first to occur of:
(i) a Change of Control that occurs after the Date of Grant; or
(ii) the termination of the Participant's service due to death or disability, or retirement at age 65 or older; the Restricted Period set forth in Paragraph 2 above shall terminate and the Participant's right to such Restricted Stock shall become vested and nonforfeitable and all restrictions thereon will terminate.
(b) If the Participant's service with the Company and all Affiliates terminate prior to the occurrence of a date set forth in Paragraph (a)(i) above for any reason other than death, disability or retirement described in Paragraph (a)(ii) above, then all Restricted Stock awarded to the Participant that has not previously vested in accordance with Paragraph 2 above shall be forfeited whereupon the Corporate Secretary shall deliver to the Company the certificates representing such shares and the stock power previously deposited with the Corporate Secretary pursuant to Paragraph 5 above.
Accelerated Vesting of Restricted Stock. (a) Upon the first to occur of:
(i) a Change of Control that occurs after the Date of Grant; or
(ii) the termination of the Participant's employment due to (A) death or Disability, or (B) involuntary termination by the Company and all Affiliates for any reason other than Cause;
(b) If the Participant's employment with the Company and all Affiliates terminate prior to the occurrence of a date set forth in Paragraph (a)(i) above for any reason other than death, disability, involuntary termination or resignation described in Paragraph (a)(ii) above, then all Restricted Stock awarded to the Participant that has not previously vested in accordance with Paragraph 3 above shall be forfeited whereupon the Corporate Secretary shall deliver to the Company the certificates representing such shares and the stock power previously deposited with the Corporate Secretary pursuant to Paragraph 6 above.
Accelerated Vesting of Restricted Stock. If, when and to the extent determined by the Administrator pursuant to Section 7.3 of the Plan, in the event that the Corporation undergoes a Change in Control Event, any unvested Restricted Stock held by Participant will become fully vested.
Accelerated Vesting of Restricted Stock. (a) Upon the first to occur of:
(i) a Change of Control that occurs after the Date of Grant; or
(ii) the termination of the Participant's employment due to (A) death or Disability, or (B) involuntary termination by the Company and all Affiliates for any reason other than Cause, (C) retirement at age 60 or over or (D) voluntary resignation by the Participant upon the continued failure by the Company and all Affiliates to comply with the provisions of the Employment Agreement pertaining to the Participant's compensation or his position, duties or authority; the Restricted Period set forth in Paragraph 3 above shall terminate and the Participant's right to such Restricted Stock shall become vested and nonforfeitable and all restrictions thereon will terminate.
(b) If the Participant's employment with the Company and all Affiliates terminate prior to the occurrence of a date set forth in Paragraph (a)(i) above for any reason other than death, disability, involuntary termination or resignation described in Paragraph (a)(ii) above, then all Restricted Stock awarded to the Participant that has not previously vested in accordance with Paragraph 3 above shall be forfeited whereupon the Corporate Secretary shall deliver to the Company the certificates representing such shares and the stock power previously deposited with the Corporate Secretary pursuant to Paragraph 6 above.
Accelerated Vesting of Restricted Stock. Seventeen thousand (17,000) restricted shares of common stock, plus related accrued dividends, of the Company granted to Executive on January 11, 1994, pursuant to the Executive Continuity Award (the “ECA”) shall become vested upon retirement. All other restricted stock held by Executive, including, without limitation, any additional grants under the ECA, shall be forfeited upon retirement.
Accelerated Vesting of Restricted Stock. The Company will accelerate the vesting of 4,667 of the “FY15 Performance Shares” described in Paragraph 3(b)(i) below (the “Accelerated RSAs”). Notwithstanding the provisions of the Award Agreement governing the terms and conditions of the FY15 Performance Shares, the Accelerated RSAs shall be fully vested on the day following the end of the revocation period described in Paragraph 15 below.
Accelerated Vesting of Restricted Stock. (a) Wilcock and the Company are parties to that certain Restricted Stock Grant Agreement, dated as of June 6, 2006 and that First Amendment To Restricted Stock Grant Agreement, dated as of August 15, 2006 (together, the “Restricted Stock Grant”). Any capitalized term in this Section 6 not otherwise defined herein has the meaning set forth in the Restricted Stock Grant.
(b) Pursuant to the Restricted Stock Grant, the Company granted Wilcock 40,000 Restricted Shares pursuant to the Plan. With respect to these Restricted Shares:
(i) The Restricted Shares due to vest on June 6, 2008 shall vest as of the Separation Date; and
(ii) All other Restricted Shares shall be forfeited as of the Separation Date.
(c) All other terms of the Restricted Stock Grant shall remain in effect after the Separation Date.
Accelerated Vesting of Restricted Stock. Upon a Change of Control (as defined in (b) above, all of the then unvested restricted shares granted to Executive on December 30, 2002 shall vest immediately, notwithstanding any provisions to the contrary in the related restricted stock agreement or the terms of the FTD 2002 Long-Term Incentive Plan.
Accelerated Vesting of Restricted Stock. Effective immediately prior to the Effective Time, each share of Company Capital Stock outstanding under any Company Stock Option Plan or otherwise that remains subject to any lapsing restrictions and/or vesting requirements (the “Restricted Stock”) shall vest in full and all such restrictions thereon shall lapse. Each share of Restricted Stock shall, for purposes of this Agreement, constitute and be treated in the same manner as an unrestricted share of Company Capital Stock at the Effective Time. Prior to the Effective Time, the Company shall use commercially reasonable efforts to take such actions as may be necessary, if any, to effect the treatment of the Restricted Stock as contemplated by the foregoing.
Accelerated Vesting of Restricted Stock. Executive was granted 3,526 shares of Class A Common Stock of the Company (“Restricted Stock”) under the terms of that certain Restricted Stock Agreement dated November 6, 2013 between Executive and the Company, with vesting as follows: Under the terms of such Restricted Stock Agreement, shares which are not vested at the time of termination of employment with the Company are forfeited. Notwithstanding the provisions of the Restricted Stock Agreement, Executive and the Company agree that all of the foregoing Restricted Stock are vested as of the Effective Date and Executive shall have all rights incumbent with such stock, free of any restriction and unlegended certificates representing such shares shall be promptly issued to Executive.
