Annual Vesting. Subject to Section 5(c) of this Agreement, the Option shall vest and become exercisable, subject to continued employment, on the dates specified on Schedule I (each, a “Vesting Date”). If the Participant’s employment with the Company terminates for any reason prior to a Vesting Date, the unvested portion of the Option shall immediately be forfeited for no consideration.
Annual Vesting. (A) The maximum number of the Restricted Units set forth above for a fiscal year ending during the Restricted Period shall be fully vested if the consolidated operating income growth of the Company for each such fiscal year is 15% or greater compared to the consolidated operating income of the immediately preceding year. The effective date of the vesting of such Restricted Units for any fiscal year (the "Vesting Date") shall be the date the Company's consolidated operating income growth for such fiscal year is determined as provided in subparagraph (iv) below.
Annual Vesting. <# of shares> of the Restricted Stock will vest in equal annual installments over a period of three years as follows: <# of shares> shares will vest on <one year from the date of grant> <# of shares> shares will vest on <two years from the date of grant> <# of shares> shares will vest on <three years from the date of grant> Quarterly Vesting: <# of shares> of the Restricted Stock will vest in <# of quarterly installments> quarterly installments, in the amounts and on the dates that follow: <# of shares> shares will vest on <first quarterly vesting date> [Insert remainder of vesting schedule] <# of shares> shares will vest on <final quarterly vesting date — 5 years from phantom unit grant date> The Participant, by signing below, acknowledges and agrees that the Restricted Stock is granted under and governed by the terms, and subject to the conditions, of this Agreement, including the Terms and Conditions of Restricted Stock Award attached hereto as Exhibit A, and the Plan. Participant Vantiv, Inc. By: Name Title: Date: Date Exhibit A
Annual Vesting. From and after the lapse of the Forfeiture Restrictions with respect to any Share of Restricted Stock, such Share shall be “Vested”. Subject to Sections 2(c) and (d) of this Agreement, the Shares of Restricted Stock shall become Vested in annual installments of [•], [•], and [•] Shares, respectively, on each of the first, second and third anniversaries of the Grant Date.
Annual Vesting. Subject to Section 5(c) of this Agreement, the Option shall be exercisable in accordance with the limitations set forth below, unless an earlier expiration date shall be stated in the Option:
Annual Vesting. The PSUs granted hereunder shall vest in seven substantially equal installments on the last day of each of seven successive Fiscal Years with the first such vesting to be made on the last day of Fiscal 2004. Associated Dividend Units shall vest annually as provided in Section 4(ii).
Annual Vesting. Subject to Employee’s continued employment with the Company or an affiliate of the Company on the first, second and third anniversaries of July 1, 2016 (the “Effective Time”)(each, a “Vesting Date”), Employee will vest in a number of PSUs equal to the sum of (i) the quotient of (X) one-third of the CIC Dollar Value (as defined below) divided by (Y) the fair market value of a share of common stock of the Company (“Common Stock”) on such Vesting Date, determined pursuant to the terms of the Plan; plus (ii) such additional shares attributable to dividend equivalent units paid on such number of shares of Common Stock from the Effective Date (the “Floor”). For purposes of this Agreement, the CIC Dollar Value is equal to $2,926,939.
Annual Vesting. The Executive shall vest in an additional .3125% of the Appreciation on January 1st of each year that he is employed by the Company until his total Equity Interest in the Appreciation is equal to 2.5%. Notwithstanding any other provisions herein to the contrary, the Company’s obligation to issue and the Executive’s right to receive the Equity Interest is subject to the following:
Annual Vesting. The RSUs granted hereunder shall vest in ______ installments on the ___ day of _____ of each of _______ successive Fiscal Years, with the first such vesting to be made on the ___ day of _____ of Fiscal ______. Associated Dividend Units shall vest annually as provided in Section 4(b).
