Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in Sections 3 and 4 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested on the fifth anniversary of the Grant Date, provided the Participant is an Employee on such date. The Grant Date is August 2, 2004.
Period of Restriction and Vesting. During the Period of Restriction specified in the Notice of Grant, the RSUs shall be subject to the restrictions on transfer specified in Section 4 of the Notice and Agreement. The Period of Restriction shall expire as to the number of RSUs vested in the amount(s) and on the date(s) specified in the Vesting Schedule in the Notice of Grant (each, a “Vesting Date”). On each such Vesting Date, the applicable Common Shares underlying the vested RSUs, if any, shall be distributed to the Participant as soon as reasonably practicable, but in no event later than March 15 of the calendar year following the calendar year in which a Vesting Date occurs. Prior to the Vesting Date(s) specified in the Notice of Grant, the RSUs shall be defined in this agreement as “Unvested RSUs.”
Period of Restriction and Vesting a) The RSU Award shall vest in installments as specified in the Award Certificate. All vests shall occur on the anniversary of the Vesting Commencement Date unless otherwise specified in the Award Certificate. Total shares per vest shall be rounded down except for the final vest which shall be the remainder of the RSU Award.
b) The period between the Grant Date and the time in which the RSUs are fully vested is known under this Award Certificate as the “Period of Restriction.”
Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in Sections 3 and 4 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested pursuant to the following schedule: Years of Service Vested Percentage Forfeited Percentage From Grant Date 1 20% 80% 2 40% 60% 3 60% 40% 4 80% 20% 5 100% 0%
Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in Sections 3 and 4 of this Agreement, on the date shares of Restricted Stock become vested. For purposes of this Agreement, the shares of Restricted Stock shall become vested on the fifth anniversary of the Grant Date, provided the Participant is an Employee on such date. The Grant Date is August 2, 2004. Notwithstanding any other provision in this Section 2, and notwithstanding any provision in Section 4, if the Participant’s employment is terminated without ‘Cause,’ as such term is defined in his employment agreement, then the Participant shall be vested in the Restricted Stock according to the following table. The Participant’s years of service will be measured from the effective date of this Agreement.” The Agreement shall remain the same in all other respects.
Period of Restriction and Vesting. (a) Subject to earlier vesting or forfeiture as provided below, the period of restriction (the “Period of Restriction”) applicable to the Award Shares and the Restricted Stock Units is the period from the Award Date through <<end of restriction period>> with vesting being determined by the Company’s return on average tangible equity (“XXXXX”) and total shareholder return (“TSR”) ranking for the <<number>> calendar quarters beginning <<beginning of measurement period>> and ending <<end of measurement period>> (the “Performance Period”) compared to the XXXXX and TSR for the Peer Group (see Attachment A) as follows, where vesting in the Award Shares is equal to the number of the Award Shares multiplied by the sum of the vesting percentage in (A) and the vesting percentage in (B) below:
(A) (B) <<rank>> Percentile 100% + <<rank>> Percentile 100% <<rank>> Percentile 90% + <<rank>> Percentile 90% <<rank>> Percentile 70% + <<rank>> Percentile 70% <<rank>> Percentile 50% + <<rank>> Percentile 50% <<rank>> Percentile 32.5% + <<rank>> Percentile 32.5% <<rank>> Percentile 22.5% + <<rank>> Percentile 22.5% <<rank>> Percentile 17.5% + <<rank>> Percentile 17.5% Less than <<rank>> 0% + Less than <<rank>> 0%
(b) Subject to earlier forfeiture as provided below, in the event a Vesting Acceleration Event occurs while the Participant is an employee of the Company or one of its Subsidiaries and after the first calendar quarter in, but prior to the last day of, the Performance Period, then the XXXXX and the TSR of the Company and the Peer Group shall be determined for all calendar quarters in the Performance Period ending on or prior to the date of the first such Vesting Acceleration Event and the vesting provisions set forth in Paragraph 2(a) shall be applied to a time-weighted portion of the Award Shares (determined by multiplying the number of Award Shares by a fraction (not to exceed one), the numerator of which is the number of complete calendar months from the beginning of the Performance Period to and including the Vesting Acceleration Event, and the denominator of which is <<months>>) based on such XXXXX and the TSR. In such event, the Period of Restriction shall end, the restrictions applicable to the Award Shares shall automatically terminate, and the Award Shares shall be free of restrictions and freely transferable, all to the extent of the vested Award Shares as so determined, on the date of such Vesting Acceleration Event. In such event, any balance of the Award S...
Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in the Plan, on the date the Shares of Restricted Stock become earned and vested. The Grant Date is [__________]. For purposes of this Agreement, the Shares of Restricted Stock shall become earned and vested as provided in subsections 2(a) and (b).
Period of Restriction and Vesting. The “Period of Restriction” shall begin on the Grant Date and end, except as otherwise provided in Sections 4 and 5 of this Agreement, on the date the Restricted Stock Units become vested. For purposes of this Agreement, the Restricted Stock Units shall become vested on the anniversary of the Grant Date, provided the Participant remains an eligible participant in the Plan on such date.
Period of Restriction and Vesting. The Period of Restriction shall begin on the Grant Date and end, except as otherwise provided in the Plan, on the date the Shares of Restricted Stock become vested. The Grant Date is [________]. Except as provided in Sections 3 and 4 of this Agreement, the Shares of Restricted Stock shall vest and no longer be forfeitable in accordance with the following schedule, provided the Participant is an Employee or a Non-employee Director on such date: The Restricted Stock that does not vest shall be forfeited and the Participant shall have no rights or claims thereto.
Period of Restriction and Vesting. (a) Subject to earlier vesting or forfeiture as provided below, the period of restriction (the “Period of Restriction”) applicable to the Award Shares and the Restricted Stock Units is the period from the Award Date through <<vesting date>>, with vesting being determined by the Company’s return on average tangible equity (“XXXXX”) and total shareholder return (“TSR”) ranking for the <<number>> calendar quarters beginning <<beginning of performance period>> and ending <<end of performance period>> (the “Performance Period”) compared to the XXXXX and TSR for the Peer Group (see Attachment A) as follows, where vesting in the Award Shares is equal to the number of the Award Shares multiplied by the sum of the vesting percentage in (A) and the vesting percentage in (B) below: If the Company’s ranking is above the <<rank>> percentile, but less than the <<rank>> percentile, then the vesting percentage shall be determined by straight line interpolation (rounded, where not otherwise resulting in a whole or half percent, to the next lowest whole or half percent) where the ranking falls between identified percentile tiers (for example, if the ranking is in the <<rank>> percentile, then the vesting percentage is <<%>>).
