General Vesting Rule. Prior to the Expiration Date, the SAR shall become and be exercisable as follows:
General Vesting Rule. Prior to the Expiration Date, the SAR shall become and be exercisable as follows: Vesting Date Anniversary Percentage of SAR Exercisable Prior to the first anniversary of the Grant Date 0% On and after the first anniversary of the Grant Date 25% On and after the second anniversary of the Grant Date, an additional 25% On and after the third anniversary of the Grant Date, an additional 25% On and after the fourth anniversary of the Grant Date, an additional 25% provided, however, except as otherwise provided for under this SAR Agreement, the Participant must remain employed by the Company or any Subsidiary continuously
General Vesting Rule. Subject to § 3(b), Employee's Units will vest and become nonforfeitable as follows:
(1) one-fourth of the Units will vest and become nonforfeitable on the date hereof.
(2) another one-fourth of the Units will vest and become nonforfeitable on each anniversary of the Award Date thereafter until Employee becomes fully vested in all Units, provided he or she has remained continuously employed by the Company or a Subsidiary from the Award Date through the respective anniversary of the Award Date.
General Vesting Rule. Prior to vesting, Restricted Stock shall be forfeitable and non-transferable. The Restricted Stock shall vest over three (3) years (the “Vesting Period”), at a rate of one-third (1/3) of the Restricted Stock on each anniversary of the Grant Date, until the third anniversary of the Grant Date; provided, however, except as otherwise provided under this Stock Agreement, the Participant must remain employed by the Company or any Subsidiary continuously through the applicable vesting dates. The Restricted Stock vesting on the first two anniversaries of the Grant Date shall be settled in whole shares of the Company’s Common Stock rounded down to the nearest whole share; and the restricted stock vesting on the third anniversary of the Grant Date shall be settled in whole shares of the Company’s Common Stock rounded down to the nearest whole share and cash for the value of any fractional share of Common Stock (rounded to the nearest hundredth).
General Vesting Rule. Prior to the Expiration Date, the Option shall become and be exercisable as follows:
General Vesting Rule. You will be issued Shares in settlement of the Units only if you vest in the Restricted Stock Unit Award. So long as you remain continuously employed by the Company or any Affiliate through the third (3rd) anniversary of the Grant Date (the “Employment Date”), and provided also that the Committee certifies that the Performance Goals have been met at least at the minimum level set forth in Exhibit A, then, except as otherwise set forth in this Section 3, the Restricted Stock Unit Award shall vest, and your right to receive and retain the Shares in settlement of such Units in the amount determined by the extent to which the Performance Goals are met will become nonforfeitable, only on the later of the Employment Date or the date the Committee certifies the extent to which the Performance Goals have been met pursuant to paragraph (i) of this Section 3. Any and all vested Units shall be settled in whole Shares in accordance with this Section 3.
General Vesting Rule. Subject to Section 2(b) below, the Restricted Stock Units shall become vested and non-forfeitable over the three year period following the Grant Date (the “Vesting Period”), at a rate of one-third (1/3) of the Restricted Stock Units on the first, second and third anniversary of the Grant Date, provided that the Participant is then employed by the Company or one of its Subsidiaries. Restricted Stock Units vesting on the first two (2) anniversaries of the Grant Date shall be settled in whole Shares rounded down to the nearest whole Share, and any Restricted Stock Units vesting on the third anniversary of the Grant Date shall be settled in whole Shares rounded down to the nearest whole Share and cash for the value of any fractional Share (rounded to the nearest hundredth).
General Vesting Rule. You will be issued Shares in settlement of the Units only as you vest in the Units, meaning that the Units will be settled in whole Shares on the day on which you vest in any portion of the Units (hereinafter referred to as a “Vesting Date”). So long as you remain continuously employed by the Company or any Affiliate through such Vesting Date(s), and except as otherwise set forth in this Section 3, the Units shall vest and your right to receive and retain the Shares in settlement of such Units will become nonforfeitable in accordance with the following schedule:
(i) One-third of the Units shall vest on the first (1st) anniversary of [the Grant Date];
(ii) Another one-third of the Units shall vest on the second (2nd) anniversary of [the Grant Date]; and
(iii) The remaining one-third of the Units shall vest on the third (3rd) anniversary of [the Grant Date].
General Vesting Rule. You will be issued Shares in settlement of the Units only as you vest in the Units, meaning that the Units will be settled in Shares on the day on which you vest in any portion of the Units (hereinafter referred to as a “Vesting Date”). So long as you remain continuously employed by the Company or any Affiliate through such Vesting Date(s), and except as otherwise set forth in this Section 3, the Units shall vest and your right to receive and retain the Shares in settlement of such Units will become nonforfeitable in accordance with the following schedule:
(i) One-third of the Units shall vest on December 31, 2008;
(ii) Another one-third of the Units shall vest on December 31, 2009; and
(iii) The remaining one-third of the Units shall vest on December 31, 2010.
General Vesting Rule. Prior to the Expiration Date, the SAR shall become and be exercisable as follows: Prior to the first anniversary of the Grant Date 0% On or after the first anniversary of the Grant Date 100% provided, however, except as otherwise provided for under this SAR Agreement, the Participant must remain a member of the Board of Directors of the Company (the “Board”) continuously through the applicable vesting date.
