Deferred Stock Unit Vesting Sample Clauses
The Deferred Stock Unit Vesting clause outlines the schedule and conditions under which an individual earns the right to receive shares or stock units over time, rather than all at once. Typically, this means that employees or executives will gradually gain ownership of stock units according to a predetermined timeline, such as monthly or annually, and may be required to meet certain performance or tenure milestones. This clause is essential for incentivizing long-term commitment and aligning the interests of recipients with the ongoing success of the company, while also protecting the company from immediate dilution or loss of key personnel.
Deferred Stock Unit Vesting. Subject to Sections 3.2 and 3.3, the Deferred Stock Units shall become vested ratably, on a monthly basis, over the 12-month period beginning on the Grant Date; provided, that, with respect to the portion of the Deferred Stock Units that are to vest in any given month, such vesting shall only occur to the extent that the Grantee remains in the service of the Company during the entire period commencing on the Grant Date and ending on the date during that month that such Deferred Stock Units are to become vested. For the purpose of clarity, the vesting of Deferred Stock Units in each month shall occur on the monthly anniversary of the Grant Date.
Deferred Stock Unit Vesting. Subject to Sections 3.2 and 3.3, the Deferred Stock Units shall become vested ratably, on a monthly basis, in substantially equal 1/3 amounts on each of March 11, April 11 and May 11, 2019; provided, that, with respect to the portion of the Deferred Stock Units that are to vest in any given month, such vesting shall only occur to the extent that the Grantee remains in the service of the Company during the entire period commencing on the Grant Date and ending on the date during that month that such Deferred Stock Units are to become vested.
Deferred Stock Unit Vesting. Subject to Sections 3.2 and 3.3, the Deferred Stock Units evidenced by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Article 4 ratably, on a monthly basis, over the 12-month period beginning on the Grant Date; provided, that, with respect to the portion of the Deferred Stock Units that are to vest in any given month, such vesting shall only occur to the extent that the Grantee remains in the service of the Company during the entire period commencing on the Grant Date and ending on the date during that month that such Deferred Stock Units are to become vested. For the purpose of clarity, the vesting of Deferred Stock Units in each month shall occur on the monthly anniversary of the Grant Date.
Deferred Stock Unit Vesting. Subject to Sections 3.2 and 3.3, the Deferred Stock Units shall become vested as follows, provided that the Grantee remains in the service of the Company during the entire period commencing on the Grant Date and ending on the date the Deferred Stock Units become vested: First anniversary of Grant Date 100 %