Common use of Period of Restriction – Prorated Vesting Clause in Contracts

Period of Restriction – Prorated Vesting. The Period of Restriction for this Award is _____ years (at least one), beginning on the date specified in part I above. After the Period of Restriction expires, the Company will determine the percentage of achievement for the Performance Measures in part I above. Based upon that determination, the Grantee will vest in a percentage of the Award of Restricted Stock in accordance with the following schedule [below is an example]: PERCENTAGE ACHIEVEMENT OF PERFORMANCE MEASURES PERCENTAGE OF SHARES THAT VEST Below 85% 0% At least 85% but less than 90% 25% At least 90% but less than 95% 50% At least 95% but less than 100% 75% At least 100% 100%

Appears in 2 contracts

Samples: Equity Compensation Plan (Itt Educational Services Inc), Equity Compensation Plan (Itt Educational Services Inc)

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Period of Restriction – Prorated Vesting. The Period of Restriction for this Award is _____ years (at least one), beginning on the date specified in part I above. After the Period of Restriction expires, the Company will determine the percentage of achievement for the Performance Measures in part I above. Based upon that determination, the Grantee will vest in a percentage of the Award of Restricted Stock in accordance with the following schedule [below is an example]: PERCENTAGE ACHIEVEMENT OF PERFORMANCE MEASURES PERCENTAGE OF SHARES THAT VEST Below 85% 00 % At least 85% but less than 90% 2525 % At least 90% but less than 95% 5050 % At least 95% but less than 100% 7575 % At least 100% 100100 %

Appears in 1 contract

Samples: Equity Compensation Plan (Itt Educational Services Inc)

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Period of Restriction – Prorated Vesting. The Period of Restriction for this Award is _____ years (at least one), beginning on the date specified in part I above. After the Period of Restriction expires, the Company will determine the percentage of achievement for the Performance Measures in part I above. Based upon that determination, the Grantee will vest in a percentage of the Award of Restricted Stock in accordance with the following schedule [below is an example]: PERCENTAGE ACHIEVEMENT OF PERFORMANCE MEASURES PERCENTAGE OF SHARES THAT VEST Below 85% 0% At least 85% but less than 90% 25% At least 90% but less than 95% 50% At least 95% but less than 100% 75% At least 100% 100%

Appears in 1 contract

Samples: Equity Compensation Plan (Itt Educational Services Inc)

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