Common use of General Vesting Rule Clause in Contracts

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:

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Foster Wheeler Ag), Restricted Stock Unit Award Agreement (Foster Wheeler Ag), Restricted Stock Unit Agreement (Foster Wheeler Ag)

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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:

Appears in 2 contracts

Samples: Award Agreement (Foster Wheeler Ag), Award Agreement (Foster Wheeler LTD)

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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 provide continued service to 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:on December 31, [___].

Appears in 1 contract

Samples: Award Agreement (Foster Wheeler Ag)

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