Common use of Discretionary Acceleration of Vesting Clause in Contracts

Discretionary Acceleration of Vesting. In its sole and absolute discretion, the Board may, at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's Compensatory Shares become earned and becomes non-forfeitable by the Employee, if the Board concludes that it is in the best interests of the Company to do so.

Appears in 4 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

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Discretionary Acceleration of Vesting. In its sole and absolute discretion, the Board may, at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's Compensatory Shares become earned and becomes become non-forfeitable by the Employee, if the Board concludes that it is in the best interests of the Company to do so.

Appears in 4 contracts

Samples: Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Discretionary Acceleration of Vesting. In its sole and absolute discretion, the Board may, at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's ’s Compensatory Shares become earned and becomes non-forfeitable by the Employee, if the Board concludes that it is in the best interests of the Company to do so.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Discretionary Acceleration of Vesting. In its sole and absolute discretion, the Board may, at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's ’s Compensatory Shares become earned and becomes become non-forfeitable by the Employee, if the Board concludes that it is in the best interests of the Company to do so.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

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Discretionary Acceleration of Vesting. In its sole and absolute discretion, the Board may, Company may at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's Compensatory Shares become Share Award is earned and becomes non-forfeitable by the Employee, if the Board Company concludes that it is in the best interests of the Company to do so.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

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