Common use of Exercise/Vesting Date or Period Clause in Contracts

Exercise/Vesting Date or Period. The Participant’s Awards shall vest over time and/or upon achievement of certain performance criteria, provided that the Participant continues as an employee of the Company, its Subsidiaries or a Designated Associate Company, unless otherwise affected by the Act. The exact vesting conditions applicable to the Participant’s applicable Award will be set forth in his or her applicable Award Documents. A vested Option is generally exercisable any time after vesting and before the Option terminates or expires, except as otherwise provided in the Participant’s applicable Award Documents.

Appears in 9 contracts

Samples: Performance Based Restricted Share Unit Award Agreement, Performance Based Share Option Award Agreement, Time Based Share Option Award Agreement

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