One Year Holding Requirement Sample Clauses

One Year Holding Requirement. The PAVRS granted to a Participant are subject to a holding period requirement of one (1) year when accelerated vesting occurs. If the acceleration fails to take place, the Shares vesting four (4) years from the Grant Date (cliff vesting) do not require the Participant to maintain a one (1)-year post vesting holding period.

One Year Holding Requirement. The Participant is prohibited from selling, transferring, or otherwise disposing of the Shares for a period of one (1) year following the vesting, if any, of the Shares, except that Executive may sell or otherwise dispose of that number of shares sufficient to cover any tax withholding obligations as determined by the Company.

One Year Holding Requirement. Any net Shares issued after withholding in respect of Performance RSUs earned for Performance Period 2 and vesting on February 8, 2028 will be subject to a one-year holding requirement following such issuance, during which period Grantee shall not be permitted to sell, assign, transfer, pledge, or otherwise encumber any such Shares. · At the end of Performance Period 3, if less than 125% of the Performance RSUs were earned in respect of Performance Period 1 and Performance Period 2, the Committee will evaluate performance in respect of Performance Period 3 against the Performance Grid. The number of Performance RSUs earned in respect of Performance Period 3 will be equal to the number of Performance RSUs earned according to the Performance Grid, minus any gross Performance RSUs earned in respect of Performance Period 1 and Performance Period 2 (including any Performance RSUs subject to an additional year of time-based vesting). Any Performance RSUs earned in respect of Performance Period 3 will vest on February 8, 2029, subject to G▇▇▇▇▇▇’s continued employment through such date.