Earlier Vesting Sample Clauses

Earlier Vesting. Notwithstanding the provisions of subparagraph (a) above, in the event of a Change in Control (as hereinafter defined) during the Grantee's employment with the Company and/or the Bank and/or any subsidiary or affiliate thereof, the Option hereby granted shall vest with respect to all of the Shares immediately prior to such Change in Control.
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Earlier Vesting. Notwithstanding any other provision hereof, a Member’s interest in his Matching Account shall have a Vested Percentage of 100% and be nonforfeitable: (a) on the date of his Termination of Employment by reason of death or Disability; (b) upon his attainment of his Normal Retirement Date (or any higher age) while employed by an Employer or an Affiliate; (c) when and if this Plan shall at any time be terminated for any reason; (d) upon the complete discontinuance of contributions by all Employers hereunder; or (e) upon partial termination of this Plan (within the meaning of section 411(d)(3) of the Code) if such Member is a Member affected by such partial termination.
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Earlier Vesting. Notwithstanding any other provision hereof, a Member's interest in his Employer Contribution Account shall have a Vested Percentage of 100% and be nonforfeitable: (a) on the date of his Termination of Employment by reason of death or Disability; (b) upon his attainment of his Normal Retirement Date (or any higher age) while employed by an Employer or an Affiliate; (c) when and if this Plan shall at any time be terminated for any reason; (d) upon the complete discontinuance of contributions by all Employers hereunder; or (e) upon partial termination of this Plan (within the meaning of section 411(d)(3) of the Code) if such Member is a Member affected by such partial termination. Effective January 1, 2007, a Member who dies while performing qualified military service (as defined in section 414(u) of the Code) shall receive the same death benefits that would have been payable had he been actively employed at the time of death. Accordingly, a Member's Account shall be fully vested upon such event irrespective of his Years of Service.
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Earlier Vesting. To the extent not already vested, the Award shall vest in full and be paid out upon the death or Disability (as defined below) of the Participant or upon the occurrence of a Change in Control (as defined below).
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Earlier Vesting. Notwithstanding the Continued CEO Service-based vesting schedule set forth in Section 3.6.1, if both (a) any Class PI Units subject to the Award become Eligible Class PI Units on or before the Pre-expiration Date, and (b) those Eligible Class PI Units otherwise would be scheduled to vest based on Continued CEO Service after the Pre-expiration Date, then those Eligible Class PI Units instead will vest on the Pre-expiration Date, subject to the Management Partner’s Continued CEO Service through the Pre-expiration Date. Any Class PI Units subject to the Award that become Eligible Class PI Units on a Certification Date that occurs after the Pre-expiration Date, will vest in full as of that Certification Date, subject to the Management Partner’s Continued CEO Service through the applicable Achievement Date.
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Earlier Vesting. The Units shall vest in full earlier than the Anniversary Date upon the occurrence of any of the following events: (i) the Participant’s employment with the Company is terminated by the Company and, as a result of such termination, the Participant is entitled to severance payments from the Company under the Participant’s individual written employment agreement or individual severance agreement with the Company then applicable to the Participant or, if none, such employment termination would constitute a termination without “Cause” (as the term is defined in the Company’s written severance plan then applicable to such participant); or (ii) the Participant’s employment with the Company is terminated by the Participant for “good reason”, provided that the Participant has a written employment agreement or written severance agreement with the Company which is applicable to such employment termination and which expressly provides for the right of a “good reason” termination by Participant, provides for severance entitlement to Participant for such a “good reason” termination, and such termination of employment by Participant satisfies such “good reason” termination under that employment agreement or severance agreement; or (iii) the Participant’s death or disability (as defined in the Plan); or (iv) a Change in Control Event (as defined in this Plan) occurs (provided that such Change in Control Event is also a change in ownership, effective control or a substantial portion of the assets of the Company, in each case within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”) and the regulations and guidance thereunder).
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Earlier Vesting. To the extent not already vested, the Award shall vest in full upon the death or Disability of the Participant or the occurrence of a Change in Control. “Disability” means the Participant’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.
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Earlier Vesting. Notwithstanding the provisions of subparagraph (a) above, and in accordance with the provisions of Section 3.6 of the Plan, in the event of a Change in Control (as defined in the Plan) during the Optionee's employment with the Company and/or any Subsidiary, the Option hereby granted shall vest with respect to all of the Shares immediately prior to such
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Related to Earlier Vesting

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Normal Vesting Subject to the Plan and this Agreement, if the Participant has been in Continuous Employment through the Vesting Date as set forth in Section 1, then the RSUs subject to such Vesting Date will become nonforfeitable (“Vest” or similar terms).

  • Restricted Period; Vesting Except as otherwise provided in the Plan and the Agreement and provided that the Grantee provides continuous services to TeleTech through each applicable vesting date, the RSUs will vest and the corresponding shares of Common Stock of the Company (or cash equivalent) will be issued in accordance with the following schedule: [DATE] 25% RSUs to vest on this vesting date [DATE] 25% RSUs to vest on this vesting date [DATE] 25% RSUs to vest on this vesting date [DATE] 25% RSUs to vest on this vesting date The period during which the RSUs remain unvested and forfeitable is referred to as the “Restricted Period”. a. The unvested portion of the RSU Award shall be forfeited immediately upon the termination of the Grantee’s services to TeleTech for any reason, including separation, death, disability or any other reason where the Grantee no longer is providing services to TeleTech, and the Company nor its Affiliates shall have any further obligations to the Grantee under this Agreement for such forfeited RSUs. b. Pursuant to the delegation of the Compensation Committee of the Board, the executive leadership team of the Company (the “Executive Committee”), in its sole discretion, shall have the authority to determine the effect of all matters and questions with respect to Grantee’s termination of affiliation with TeleTech and whether continuous services are being provided as these matters relate to RSU Award vesting, including, without limitation, the question of whether a termination of service has occurred, whether a leave of absence or disability constitute a termination of service and other similar questions. c. For purposes of the Plan and this Agreement, a Grantee’s status as an employee, director or consultant of TeleTech shall be deemed to be terminated in the event that the Company’s subsidiary employing or contracting with such Grantee ceases to be a Company subsidiary following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off).

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.