Other Vesting Sample Clauses
The 'Other Vesting' clause defines alternative or additional conditions under which ownership rights, typically in the form of equity or stock options, become fully granted to an individual. This clause may specify unique vesting schedules, such as accelerated vesting upon a merger or acquisition, or special provisions for certain employees or circumstances. Its core practical function is to provide flexibility in how and when vesting occurs, addressing scenarios not covered by standard vesting terms and ensuring that both parties understand the specific triggers or timelines for full ownership.
Other Vesting. Notwithstanding anything to the contrary contained in this Section 2, all of the Restricted Shares shall vest immediately upon a “Change of Control,” as defined below, at any time prior to the satisfaction of the Vesting Conditions. For purposes of this Agreement, a “Change in Control” shall mean an occurrence of any of the following events:
Other Vesting. Notwithstanding anything to the contrary contained in this Section 2, all of the Restricted Stock shall vest immediately upon the occurrence of a Change in Control (as defined in Section 8 hereof) of the Corporation at any time prior to the satisfaction of the Vesting Conditions.
Other Vesting. Notwithstanding anything to the contrary contained in this Section 2, all of the Restricted Shares shall vest (i) as provided in Section 6(b) of the Employment Agreement of even date herewith between the Corporation and the Participant and (ii) immediately upon a “Change of Control,” as defined below, at any time prior to the satisfaction of the Vesting Conditions. For purposes of this Agreement, a “Change in Control” shall mean an occurrence of any of the following events:
Other Vesting. Notwithstanding anything to the contrary contained in this Section 2, all of the Restricted Stock shall vest immediately if (i) the Corporation terminates the Participant’s employment without Cause (as defined in the Severance Protection Agreement between the Corporation and the Participant dated as of the Effective Date (the “Severance Protection Agreement”), without regard to whether a “Change of Control”, as defined in the Severance Protection Agreement, has occurred, or (ii) the Participant terminates his employment for “Good Reason” following a “Change of Control,” each as defined in the Severance Protection Agreement, in each case at any time prior to the satisfaction of the Vesting Conditions.
Other Vesting. The Committee may provide for additional vesting under other circumstances, in its sole discretion, to the extent permitted under the Plan.
Other Vesting. A Participant shall vest each Plan Month at the rate which equals the product of 1/12 multiplied by ___% (must be more than 10%).
Other Vesting. The Performance Shares will be earned, and the Participant’s interest in the Shares issued in settlement of the Performance Shares will be vested and transferable, if the requirements of the following subparagraphs 4(a) and 4(b) are satisfied.
Other Vesting. Notwithstanding anything to the contrary contained in this Agreement, the Employment Agreement entered into as of September 16, 2005, by and between MGM Mirage and the Participant, as amended effective as of January 1, 2009 (the “Employment Agreement”) or otherwise:
Other Vesting. Notwithstanding anything to the contrary contained in this Agreement, the Employment Agreement entered into as of January 3, 2006, by and between MGM Grand Resorts, LLC and the Participant (the “Employment Agreement”) or otherwise:
Other Vesting. A Participant who is not Vested under Section 5.10.1 above shall be fully (100%) Vested in his or her Profit Sharing Account upon the earliest occurrence of any of the following events while in the employment of the Employer or an Affiliate:
(a) The Participant’s attainment of Normal Retirement Age,
(b) The Participant’s Disability,
(c) The Participant’s death,
(d) A partial termination of the Plan affecting the Participant, or
(e) A complete termination of the Plan.