PERFORMANCE ACCELERATED VESTING Sample Clauses

PERFORMANCE ACCELERATED VESTING. After the first anniversary of the Date of Xxxxx, an additional one- fifth (ignoring fractional shares) of the total number of Option Shares shall become exercisable on and after each of the following events: (a) on and after the twentieth consecutive trading day that the Closing Price is equal to or greater than $4.00; (b) on and after the twentieth consecutive trading day that the Closing Price is equal to or greater than $5.00; (c) on and after the twentieth consecutive trading day that the Closing Price is equal to or greater than $6.50; and (d) on and after the twentieth consecutive trading day that the Closing Price is equal to or greater than $8.00.
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PERFORMANCE ACCELERATED VESTING. The vesting of the Award Shares shall occur earlier in the event the Company attains the Minimum Performance Goals described herein. If the Participant is a continued full-time Employee of the Company upon the attainment of the following Minimum Performance Goals, the Award Shares shall vest as provided immediately below: Average Company Share Price Increases to $ ____ 33.333 % Average Company Share Price Increases to $ ____ 66.66 % Average Company Share Price Increases to $ ____ 100 % Average Company Share Price above means the average daily high and low trading price for the common stock of BlueLinx Holdings Inc. on the New York Stock Exchange (NYSE:BXC) over any 90-consecutive trading day period. As of the end of the trading day on the 90th day of such period, if the Participant is still a full-time Employee of the Company, then additional Award Shares shall immediately vest pursuant to the above schedule. However, in no event, can greater than 33.333% of the Award Shares granted pursuant to this Agreement vest before February 18, 2010.
Sample 1
PERFORMANCE ACCELERATED VESTING. The Committee has established performance standards based on the achievement of certain targets with respect to the Company's Profit Before Taxes, as defined below ("PBT"). The Committee has set Cumulative Baseline PBT Targets and Cumulative Stretch PBT Targets for 2002, 2003 and 2004 by which performance will be measured and vesting determined. These Cumulative PBT Targets are as follows: 2002 2003 2004 ---- ---- ---- Baseline $24M $41M $57M Stretch $35M $55M $73M If the Cumulative Baseline PBT Target is exceeded at the end of any of these years, vesting will be determined pursuant to the following formula: Actual Cumulative Cumulative Baseline Vested = PBT for Year minus PBT Target for Year ----------------------------------------------------------------------- Percentage Cumulative Stretch Cumulative Baseline PBT Target for Year minus PBT Target for Year If the resulting percentage exceeds the percentage of shares previously vested, the Employee shall become vested as of the anniversary date of the Grant following the end of such year in an additional number of shares so that the total number of shares in which Employee is vested equals such new percentage, provided the Employee is still employed by the Company or a Related Corporation on such anniversary date. Once vested, such shares remain vested even though the vested percentage determined under the formula set forth above may be lower in a subsequent year.
Sample 1
PERFORMANCE ACCELERATED VESTING. After the first anniversary of the Date of Xxxxx, an additional onefifth (ignoring fractional shares) of the total number of Option Shares shall become exercisable on and after each of the following events: (a) on and after the twentieth consecutive trading day that the Closing Price is equal to or greater than $4.00;
Sample 1
PERFORMANCE ACCELERATED VESTING. The Restricted Stock shall be subject to possible accelerated vesting after ______, ____ based on Talbots three year RONA performance measured against a peer group of retail companies comprising the Retail Group, in accordance with the following: (i) If Talbots relative RONA performance ranking meets or exceeds the 50th percentile of the companies comprising the Retail Group, but does not meet or exceed the 75th percentile of the Retail Group, as determined by the Company’s Compensation Committee of the Board of Directors (the “Compensation Committee”), then 50% of the Restricted Stock will vest on the date of the Compensation Committee’s determination of the RONA performance, but not later than ______, _____.
Sample 1
PERFORMANCE ACCELERATED VESTING. Subject to the terms and conditions within Section 5 of the Plan, the vesting for the earned restricted stock awarded to the Grantee shall be accelerated if: ¨ Kforce’s closing stock price exceeds $ for a period of trading days. For purposes of satisfying stock price condition, the trading days do not have to be consecutive. ¨ Other: .
Sample 1

Related to PERFORMANCE ACCELERATED VESTING

  • Accelerated Vesting (a) Immediately prior to the effective date of the Change in Control, the Unvested Shares subject to this option shall automatically become Vested Shares, and this option shall become exercisable for all of the Option Shares. However, the Unvested Shares shall not vest on such an accelerated basis if and to the extent: (i) this option will be assumed by the successor corporation (or parent thereof) or otherwise continued in effect pursuant to the terms of the Change in Control transaction or (ii) this option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing on the Unvested Shares at the time of the Change in Control (the excess of the Fair Market Value of those Unvested Shares over the Exercise Price payable for such shares) and provides for subsequent payout of that spread no later than the time Optionee would otherwise vest in the Option Shares as set forth in the Grant Notice. (b) Immediately following the Change in Control, this option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) or otherwise continued in effect pursuant to the terms of the Change in Control transaction. (c) If this option is assumed in connection with a Change in Control or otherwise continued in effect, then this option shall be appropriately adjusted, upon such Change in Control, to apply to the number and class of securities which would have been issuable to Optionee in consummation of such Change in Control had the option been exercised immediately prior to such Change in Control, and appropriate adjustments shall also be made to the Exercise Price, provided the aggregate Exercise Price shall remain the same. To the extent that the holders of Common Stock receive cash consideration for their Common Stock in consummation of the Change in Control, the successor corporation (or its parent) may, in connection with the assumption of this option, substitute one or more shares of its own common stock with a fair market value equivalent to the cash consideration paid per share of Common Stock in such Change in Control. (d) This Agreement shall not in any way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

  • Vesting Acceleration Effective on such termination, the Executive shall receive accelerated vesting equivalent to six (6) months of service beyond the date of Executive’s termination with respect to the shares subject to any grant of restricted stock or stock options (each, an “Equity Grant”) granted to the Executive, regardless of whether granted prior to, coincident with, or after, the Effective Date; provided, however, that in the event such termination occurs within one (1) year following a Change of Control, then one hundred percent (100%) of the remaining shares subject to each such Equity Grant shall become vested in full and the period during which the Executive is permitted to exercise (if applicable) any such Equity Grant shall be extended until the earlier of (i) ten (10) years from the date of grant, or (ii) the expiration date of such Equity Grant (as of the date of grant).

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Scheduled Vesting If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

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