Early Settlement Election Sample Clauses
Early Settlement Election. If ▇▇▇▇▇ makes a valid Early Settlement Election, then, subject to the terms and conditions of this Agreement, the provisions of the Plan and ▇▇▇▇▇'▇ continuous provision of Services as a special advisor to the Board through the applicable Effective Date anniversary designated in the Early Settlement Election notice, the Award will vest with respect to the number of shares of Vimeo Common Stock determined in accordance with the "Early Settlement Vesting Matrix" below based on the Vimeo FMV on the applicable Effective Date anniversary and ▇▇▇▇▇ shall forfeit any portion of the Award that does not so vest; provided, however, that ▇▇▇▇▇ agrees that he shall not transfer or dispose of any such vested shares of Vimeo Common Stock prior to the tenth anniversary of the Effective Date and that ▇▇▇▇▇ and ▇▇▇▇▇ will make arrangements that are reasonably satisfactory to Vimeo to ensure ▇▇▇▇▇'▇ compliance with this transfer restriction. 6th Anniversary (6 yrs = 60%) $ 26.66 324,700 $ 30.81 1,298,800 $ 35.48 1,785,850 $ 40.73 1,948,200 7th Anniversary (7 yrs = 70%) $ 27.33 378,816 $ 32.35 1,515,266 $ 38.14 2,083,492 $ 44.8 2,272,900 8th Anniversary (8 yrs = 80%) $ 28.01 432,933 $ 33.97 1,731,733 $ 41 2,381,133 $ 49.28 2,597,600 9th Anniversary (9 yrs = 90%) $ 28.71 487,050 $ 35.67 1,948,200 $ 44.08 2,678,775 $ 54.21 2,922,300 The "Number of Shares" earned on any Early Vesting Date for achievement between two Vimeo FMVs shall be determined by straight line interpolation.
Early Settlement Election. If Executive makes a valid Early Settlement Election, then, subject to the terms and conditions of this Agreement, the provisions of the Plan and Executive’s continuous employment through the applicable Effective Date anniversary designated in the Early Settlement Election notice, the Award will vest with respect to the number of shares of IAC Common Stock determined in accordance with the “Early Settlement Vesting Matrix” below based on the IAC FMV on the applicable Effective Date anniversary and Executive shall forfeit any portion of the Award that does not so vest; provided, however, that Executive agrees that he shall not transfer or dispose of any such vested shares of IAC Common Stock prior to the tenth anniversary of the Effective Date and that IAC and Executive will make arrangements that are reasonably satisfactory to IAC to ensure Executive’s compliance with this transfer restriction. Early Vesting Date IAC FMV Number of Shares 6th Anniversary (6 yrs = 60%) $ 143.13 300,000 $ 165.39 1,200,000 $ 190.47 1,650,000 $ 218.65 1,800,000 7th Anniversary (7 yrs = 70%) $ 146.71 350,000 $ 173.66 1,400,000 $ 204.76 1,925,000 $ 240.51 2,100,000 8th Anniversary (8 yrs = 80%) $ 150.38 400,000 $ 182.35 1,600,000 $ 220.12 2,200,000 $ 264.56 2,400,000 9th Anniversary (9 yrs = 90%) $ 154.13 450,000 $ 191.46 1,800,000 $ 236.63 2,475,000 $ 291.02 2,700,000 The “Number of Shares” earned on any Early Vesting Date for achievement between two IAC FMVs shall be determined by straight line interpolation.