Conditions for Continued Vesting Clause Samples
The "Conditions for Continued Vesting" clause defines the requirements an individual must meet to keep earning ownership rights in equity or benefits over time. Typically, this clause outlines obligations such as remaining employed, meeting performance targets, or not breaching company policies in order for vesting to continue. By clearly stating these conditions, the clause ensures that vesting is contingent on ongoing commitment or compliance, thereby protecting the company from granting unearned benefits and incentivizing desired behavior.
Conditions for Continued Vesting. You must remain in a non-elective Government Office for two or more years after your employment with the Firm terminates. • In the case of resignation from the Firm to campaign for an elective Government Office, your name must be on the primary or final public ballot for the election. (If you are not elected, see below for employment restrictions.)