Common use of Dates of Vesting Clause in Contracts

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.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Career Education Corp), Restricted Stock Unit Agreement (Career Education Corp), Restricted Stock Unit Agreement (Career Education Corp)

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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 SharesRSUs”) in [Insert vesting provisions] ([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.

Appears in 2 contracts

Samples: Settled Restricted Stock Unit Agreement (Career Education Corp), Settled Restricted Stock Unit Agreement (Career Education Corp)

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 three equal installments on each of June 14, 2016, 2017, and 2018 ([each such anniversary, a] 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.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Career Education Corp)

Dates of Vesting. Subject to the provisions of Sections 5 and 6 of this Agreement, the RSUs DSUs 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 DSUs shall vest on each Vesting Date and the Company shall accordingly allocate such RSUs DSUs 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 DSUs that were unvested at the date of such Termination of Service shall be immediately forfeited to the Company.

Appears in 1 contract

Samples: Deferred Stock Unit Agreement (Career Education Corp)

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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 four equal installments on each of September 14, 2016, 2017, 2018 and 2019 ([each such anniversary, a] 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.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Career Education Corp)

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