Normal Vesting and Settlement Schedule. The RSU Award shall vest and be settled as follows: (i) twelve and one half percent (12.5%) on December 1, 2020; (ii) twelve and one half percent (12.5%) on September 1, 2021; (iii) twenty-five percent (25%) on September 1, 2022; (iv) twenty-five percent (25%) on September 1, 2023; (v) twenty-five percent (25%) on September 1, 2024; and the Deferred Cash will vest as follows: (vi) twelve and one half percent (12.5%) on November 15, 2020; (vii) twelve and one half percent (12.5%) on August 15, 2021; (viii) twenty-five percent (25%) on August 15, 2022; (ix) twenty-five percent (25%) on August 15, 2023; and (x) twenty-five percent (25%) on August 15, 2024 (each a “Vesting Date,” and collectively, the “Vesting Dates), provided that (A) as of each Vesting Date the Grantee is employed in Good Standing by the Employer; and (B) with respect to the settlement of RSUs, the Grantee satisfies the Tax Withholding Amount (defined below). Vested Deferred Cash will be settled and paid via payroll by the first regularly schedule payroll after the Vesting Date.
Normal Vesting and Settlement Schedule. The Grantee shall become vested in the Target RSUs upon December 31, 2024 (the “Vesting Date”), subject to the calculation of the Performance Metrics with respect to the three-year performance period of calendar years 2022, 2023, and 2024 (the “Performance Period”). Vesting on the Vesting Date shall be conditioned on the following: (1) the Grantee remains actively employed by the Company as of the Vesting Date; or (2) as otherwise provided in Section 1.2(c), 1.2(d) and 1.2(e). The Attained RSUs will be settled as follows: (i) any Attained RSUs up to a Payout Rate (defined below) of one hundred and twenty percent (120%) will be settled in Xxxxx Inc. stock on March 10, 2025 (the “Settlement Date”); and (ii) any Attained RSUs above a Payout Rate of one hundred and twenty percent (120%) will be settled in undeferred cash via payroll on March 31, 2025, with the value of an Attained RSU calculated based on the volume weighted average price of Xxxxx Inc. stock on the Settlement Date. For the avoidance of doubt, the calculation of the Attained RSUs will be performed after the Vesting Date, but no later than the Settlement Date, once data necessary to analyze the Performance Metrics becomes available for the full Performance Period.
Normal Vesting and Settlement Schedule. The RSUs awarded hereunder, and any Additional RSUs that may be credited hereunder, are fully vested, but may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of until the Settlement Date (as defined below). All vested RSUs and Additional RSUs shall be settled in full on [insert date] [on the date Xxxxxxx’s resignation from the Board becomes effective] (the “Settlement Date”) and will be distributed within thirty (30) days after the Settlement Date. The Company will use the closing price of the XXXX stock on the Settlement Date for the purpose of reporting the taxable value of the settled RSUs and/or Additional RSUs on any required federal, state or local tax form.
Normal Vesting and Settlement Schedule. The Awards hereunder shall vest and be settled as follows: [REDACTED] (each a “Vesting Date,” and collectively, the “Vesting Dates”, and the period from the Grant Date through the final Vesting Date, the “Restricted Period”), provided that (x) as of each Vesting Date the Grantee is employed in Good Standing by the Employer; and (y) with respect to the settlement of RSUs, the Grantee satisfies the Tax Withholding Amount, pursuant to Section 1.5 of this Agreement.
Normal Vesting and Settlement Schedule. The Grantee shall become vested in the Target RSUs upon December 31, 2021 (the “Vesting Date”), subject to the calculation of the Performance Metrics with respect to the three-year performance period of calendar years 2019, 2020 and 2021 (the “Performance Period”). Vesting on the Vesting Date shall be conditioned on the following: (1) the Grantee remains actively employed by the Company as of the Vesting Date; or (2) as otherwise provided in Section 1.2(c), 1.2(d) and 1.2(e). The Attained RSUs will be settled on March 10, 2022 (the “Settlement Date”). For the avoidance of doubt, the calculation of the Attained RSUs will be performed after the Vesting Date, but no later than the Settlement Date, once data necessary to analyze the Performance Metrics becomes available for the full Performance Period.
Normal Vesting and Settlement Schedule. The Deferred Cash will vest as follows: (i) ten percent (10%) on August 15, 2023; (ii) fifteen percent (15%) on November 15, 2023; (iii) twenty-five percent (25%) on August 15, 2024; (iv) twenty-five percent (25%) on August 15, 2025; and (v) twenty-five percent (25%) on August 15, 2026 (each a “Vesting Date”), provided that as of each Vesting Date the Grantee is employed in Good Standing by the Employer. Vested Deferred Cash will be settled and paid via payroll no later than the 2nd regularly scheduled payroll after each Vesting Date.
Normal Vesting and Settlement Schedule. The Grantee shall become vested in each of Tranche One, Tranche Two and Tranche Three upon the specified dates indicated in the table below (each a “Vesting Date”), subject to the calculation of the Performance Metrics with respect to the applicable three-year performance period indicated in the table below (each, a “Performance Period”): Vesting on each Vesting Date shall be conditioned on the following: (1) the Grantee remains actively employed by the Company as of the Vesting Date; or (2) as otherwise provided in Section 1.2(c), 1.2(d) and 1.2(e). The Attained RSUs in Tranche One and Tranche Two will be settled on the Vesting Date and the Attained RSUs in Tranche Three will be settled on March 10, 2021 (the “Tranche Three Settlement Date”). For the avoidance of doubt, the calculation of the Attained RSUs for Tranche Three will be performed after the Vesting Date, but no later than the Tranche Three Settlement Date, once data necessary to analyze the Performance Metrics becomes available for the full Performance Period.
