Normal Vesting. The Award is subject to a Restricted Period, and during the Restricted Period the Award is subject to forfeiture until the time at which it becomes fully vested. Subject to Section 3 of this Agreement below, the RSUs shall become fully vested on the Vesting Date set forth in the Award Statement (the “Vesting Date”), provided that the Employee remains an employee of the PMI Group during the entire period commencing on the Award Date and ending on the Vesting Date.
Appears in 5 contracts
Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Performance Incentive Plan (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)
Normal Vesting. (a) The Award is subject to a Restricted Period, and during the Restricted Period the Award is subject to forfeiture until the time at which it becomes fully vested. Subject to Section 3 of this Agreement below, the RSUs a number of PSUs shall become fully vested on the Vesting Date set forth in the Award Statement (the “Vesting Date”), ) provided that the Employee remains an employee of the PMI Group during the entire period commencing on the Award Date and ending on the Vesting Date.
Appears in 3 contracts
Samples: Performance Share Unit Agreement (Philip Morris International Inc.), Performance Share Unit Agreement (Philip Morris International Inc.), Performance Share Unit Agreement (Philip Morris International Inc.)
Normal Vesting. (a) The Award is subject to a Restricted Period, and during the Restricted Period the Award is subject to forfeiture until the time at which it becomes fully vested. Subject to Section 3 of this Agreement below, the RSUs a number of PSUs shall become fully vested on the Vesting Date set forth in the Award Statement (the “Vesting Date”), provided that the Employee remains an employee of the PMI Group during the entire period commencing on the Award Date and ending on the Vesting Date.
Appears in 2 contracts
Samples: Performance Share Unit Agreement (Philip Morris International Inc.), Performance Incentive Plan (Philip Morris International Inc.)
Normal Vesting. The Award is subject to a Restricted Period, and during the Restricted Period the Award is subject to forfeiture until the time at which it becomes fully vested. Subject to Section 3 of this Agreement below, the RSUs shall become fully vested on the Vesting Date vest ratably in three (3) installments over a three (3) year period as set forth in the Award Statement (each such annual period, a “Vesting Period” with the vesting date for such period, the “Period Vesting Date”), provided that the Employee remains an employee of the PMI Group during the entire period commencing on each such Vesting Period as set out in the Award Date and ending on the Vesting DateStatement.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)
