Common use of Minimum Vesting Period Clause in Contracts

Minimum Vesting Period. Any RSU Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU Award, except in the case of a Holder’s death, Disability, retirement, or as otherwise permitted under Section 4.7. The limitations described in this Section 8.8 shall not apply to an RSU Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU Award, provided (i) the Award is granted by the Committee (as constituted following the initial public offering (but excluding the Chief Executive Officer)), and (ii) (a) the Shares issuable pursuant to Awards that do not comply with the requirements described in the first sentence of this Section 8.8, or the minimum vesting requirements of Sections 7.4, 9.7 and 10.5, as applicable, and (b) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Any RSU Award Other Share-Based Awards granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Other Share-Based Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU Other Share-Based Award, except in the case of a Holder’s death, Disability, retirement, retirement or as otherwise permitted under Section 4.7. The limitations described in this Section 8.8 10.5 shall not apply to an RSU Other Share-Based Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU Other Share-Based Award, provided (i) the Award is granted by the Committee (as constituted following the initial public offering (but excluding the Chief Executive Officer)), and (ii) (a) the Shares issuable pursuant to Awards that do not comply with the requirements described in the first sentence of this Section 8.810.5, or the minimum vesting requirements of Sections 7.4, 9.7 8.8 and 10.59.7, as applicable, and (b) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Any RSU Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU Award, except in the case of a Holder’s death, Disability, retirement, or as otherwise permitted under Section 4.74.5. The limitations described in this Section 8.8 8.9 shall not apply to an RSU Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU Award, provided (ia) the Award is granted by the Committee (as constituted following consisting entirely of “independent directors” within the initial public offering (but excluding meaning of the Chief Executive Officer)New York Stock Exchange’s listed company rules), and (iib) (ai) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 8.88.9, or the minimum vesting requirements of Sections 7.47.5, 9.7 and 10.510.6, as applicable, and (bii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.74.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Any RSU Restricted Share Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU a Restricted Share Award, except in the case of a Holder’s death, Disability, retirement, or as otherwise permitted under Section 4.7. The limitations described in this Section 8.8 7.4 shall not apply to an RSU a Restricted Share Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU a Restricted Share Award, provided (i) the Award is granted by the Committee (as constituted following the initial public offering (but excluding the Chief Executive Officer)), and (ii) (a) the Shares issuable pursuant to Awards that do not comply with the requirements described in the first sentence of this Section 8.87.4, or the minimum vesting requirements of Sections 7.48.8, 9.7 and 10.5, as applicable, and (b) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.7, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Any RSU Restricted Share Award granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU a Restricted Share Award, except in the case of a Holder’s death, Disability, retirement, or as otherwise permitted under Section 4.74.5. The limitations described in this Section 8.8 7.5 shall not apply to an RSU a Restricted Share Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU a Restricted Share Award, provided (ia) the Award is granted by the Committee (as constituted following consisting entirely of “independent directors” within the initial public offering (but excluding meaning of the Chief Executive Officer)New York Stock Exchange’s listed company rules), and (iib) (ai) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 8.87.5, or the minimum vesting requirements of Sections 7.48.9, 9.7 and 10.510.6, as applicable, and (bii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.74.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.

Minimum Vesting Period. Any RSU Award Other Share-Based Awards granted under the Plan shall have a minimum vesting period (which may vest in ratable increments or other increments not greater than what would be available if made in ratable increments) of not less than three years, except that no minimum vesting period shall apply to any Restricted Share Other Share-Based Award made in lieu of salary, cash bonuses or a Director’s annual compensation. The Committee shall not exercise discretion to accelerate vesting of an RSU Other Share-Based Award, except in the case of a Holder’s death, Disability, retirement, retirement or as otherwise permitted under Section 4.74.5. The limitations described in this Section 8.8 10.6 shall not apply to an RSU Other Share-Based Award, or to the Committee’s exercise of discretion to accelerate vesting of an RSU Other Share-Based Award, provided (ia) the Award is granted by the Committee (as constituted following consisting entirely of “independent directors” within the initial public offering (but excluding meaning of the Chief Executive Officer)New York Stock Exchange’s listed company rules), and (iib) (ai) the Shares issuable pursuant to Awards that do not comply with the minimum vesting requirements described in the first sentence of this Section 8.810.6, or the minimum vesting requirements of Sections 7.47.5, 9.7 8.9 and 10.59.7, as applicable, and (bii) the Shares issued or issuable pursuant to Restricted Share Awards, RSU Awards, Performance Share Awards, Performance Unit Awards, and Other Share-Based Awards with respect to which accelerated vesting at the Board’s discretion has actually occurred other than as a result of the Holder’s death, Disability, retirement or as otherwise permitted under Section 4.74.5, collectively, do not exceed five percent (5%) of the Shares authorized for grant under the Plan.