Dates of Vesting. Subject to the provisions of Sections 5 and 6 of this Agreement, the RSUs shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Vested Shares”) in ([each such anniversary, a] “Vesting Date”); provided, however, that a whole number of RSUs shall vest on each Vesting Date and the Company shall accordingly allocate such RSUs across the Vesting Dates as evenly as possible. Notwithstanding the foregoing, and subject to Sections 5 and 6 below, in the event that the Grantee incurs a Termination of Service prior to any Vesting Date, any RSUs that were unvested at the date of such Termination of Service shall be immediately forfeited to the Company.
Dates of Vesting. Subject to the provisions of Paragraphs 4 and 5 below, the Restricted Shares shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Vested Shares”) in accordance with the following schedule: 1st Anniversary of Grant Date 34 % 2nd Anniversary of Grant Date 67 % 3rd Anniversary of Grant Date 100 % Notwithstanding the foregoing, and subject to Paragraphs 4 and 5 below, in the event that the Grantee incurs a Termination of Service, any Restricted Shares that were unvested on the date of such Termination of Service shall be immediately forfeited to the Company.
Dates of Vesting. Subject to the provisions of Paragraphs 6 and 7 of this Agreement, the Restricted Stock shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Unrestricted Stock”) on the 3rd anniversary of the Grant Date, at which time the Restricted Stock shall be fully vested.
Dates of Vesting. Subject to the provisions of Paragraph 6 of this Agreement, 50% of the Restricted Stock Signing Bonus Grant shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Unrestricted Stock”) on the first anniversary of the Grant Date, and the remainder of the Restricted Stock Signing Bonus Grant shall vest and become Unrestricted Stock on the second anniversary of the Grant Date.
Dates of Vesting. Subject to the provisions of Paragraphs 4 and 5 of this Agreement, the Shares shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Unrestricted Stock”) pursuant to the schedule set forth on the Notice. Notwithstanding the foregoing, and subject to Paragraphs 4 and 5 below, in the event that the Participant incurs a Termination of Service prior to the end of the Restriction Period (as defined in Section 8.3(a) of the Plan), all Shares that have not previously become Unrestricted Stock shall be immediately forfeited to the Company.
Dates of Vesting. Subject to the provisions of Paragraphs 4 and 5 of this Agreement, the Restricted Shares shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Vested Shares”) on the dates (each, a “Vesting Date”) as follows:
(a) the portion of the Restricted Shares designated as “Time-Vesting Shares” on the Cover Page (“Time-Vesting Shares”) shall become Vested Shares on the third anniversary of the Grant Date.
(b) provided that the performance criteria specified on Exhibit A hereto have been satisfied, the portion of the Restricted Shares designated as “Performance- and Time-Vesting Shares” on the Cover Page (“Performance-Vesting Shares”) shall become Vested Shares as of the third anniversary of the Grant Date, but only to the extent and in the proportion that such performance criteria have been satisfied as determined in the sole and complete discretion of the Compensation Committee as described below. Notwithstanding the foregoing, and subject to Paragraphs 4 and 5 below, in the event that the Grantee incurs a Termination of Service prior to any Vesting Date, any Restricted Shares that were unvested at the date of such Termination of Service shall be immediately forfeited to the Company. Any shares of Performance-Vesting Shares that do not become Vested Shares on the third anniversary of the Grant Date as a result of a failure to fully satisfy the applicable performance criteria shall be forfeited to the Company. The Committee shall have full discretion and authority to determine whether and to what extent such performance criteria have been satisfied, and the determination of the Committee shall be final and binding on the Grantee, the Company and all other interested persons. In addition, notwithstanding the fact that the performance criteria may otherwise be fully satisfied, to the extent determined by the Committee in its sole and complete discretion, the number of Performance-Vesting Shares that are to become vested on the Vesting Date may be reduced by the Committee. Any such reduction shall occur during the period between January 1, 2012 and March 31, 2012. Any Performance-Vesting Shares which will not become vested pursuant to this paragraph shall be forfeited to the Company at the time of the relevant determination by the Committee. Nothing in this paragraph shall affect the requirement that the Grantee remain employed by the Company as of the Vesting Date (subject to Paragraphs 4 and 5 below).
Dates of Vesting. Subject to the provisions of Sections 5 and 6 of this Agreement, the RSUs shall cease to be restricted and shall, subject to achievement of the Performance Goal set forth below, become non-forfeitable (thereafter being referred to as “Vested RSUs”) on March 14, 2014 (the “Vesting Date”). Notwithstanding the foregoing, if during the Year of 2013, the Company fails to achieve the Performance Goal set forth in the Career Education Corporation 2013 Annual Incentive Award Program for Key Executives (which is maintained under the Plan), then except as set forth in Sections 5 and 6 of this Agreement, none of the RSUs shall become Vested RSUs on the Vesting Date. Notwithstanding the foregoing, and subject to Sections 5 and 6 below, in the event that (a) the Grantee incurs a Termination of Service (as defined in Section 5 below) prior to the Vesting Date, or (b) the Performance Goal set forth above is not achieved, then in either case the RSUs shall be immediately forfeited to the Company.
Dates of Vesting. This Option shall become exercisable for the Option Shares in twelve equal quarterly installments on the last day of each calendar quarter beginning on December 31, 2008. As the Option becomes exercisable for such installments, those installments shall accumulate and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term under Section 5.
Dates of Vesting. Subject to the provisions of Sections 5 and 6 of this Agreement, the RSUs shall cease to be restricted and shall become non-forfeitable (thereafter being referred to as “Vested RSUs”) in two equal installments on each of September 14, 2016 and September 14, 2017 (each, a “Vesting Date”). Notwithstanding the foregoing, and subject to Sections 5 and 6 below, in the event that the Grantee incurs a Termination of Service prior to any Vesting Date, any RSUs that were unvested at the date of such Termination of Service shall be immediately forfeited to the Company.
Dates of Vesting. Subject to the provisions of Section 5 and 6 of this Agreement, [INSERT PORTION OF RSUs TO VEST ON EACH VESTING DATE] of the RSUs (rounded down to the nearest whole Share) shall cease to be restricted and shall become vested and non-forfeitable (thereafter being referred to as “Vested RSUs”) on each of [INSERT VESTING SCHEDULE] (each, a “Vesting Date”) [INSERT ANY ADDITIONAL VESTING RELATED CONDITIONS/PROVISIONS]. Notwithstanding the foregoing provisions of this Section 3 of this Agreement, and except as otherwise determined by the Committee, as provided in the Plan or as provided herein, any portion of the RSUs which is not vested at the time of the Grantee’s Termination of Service shall not become vested after such termination and shall immediately be forfeited to the Company.
