Regular Vesting Schedule Sample Clauses
A Regular Vesting Schedule clause defines the timeline and conditions under which an individual earns rights to certain benefits, typically equity or stock options, over a set period. For example, an employee may receive ownership of a fixed percentage of shares each year, with full ownership achieved after several years of continuous service. This clause ensures that recipients are incentivized to remain with the company, while also protecting the company from granting full benefits to individuals who leave prematurely.
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Regular Vesting Schedule. Subject to the provisions of this Agreement and except as provided in Section 5 of the Employment Agreement, the Option shall become vested and exercisable, and all restrictions shall lapse with respect to the Restricted Stock, in each case, in thirty-six (36) equal monthly installments commencing on the date which is one month following the Effective Date.
Regular Vesting Schedule. Except as set forth in this Section 3, the RSUs granted pursuant to this Agreement shall vest in accordance with the Vesting Schedule, provided the Grantee has remained in the continuous full-time employment of the Company (or a Subsidiary or Affiliate of the Company), from the Grant Date through the applicable Vesting Date.
Regular Vesting Schedule. The Option shall become vested and exercisable with respect to:
(i) 10% of the Shares subject to the Option on <Vest year 1>;
(ii) an additional 20% of the Shares subject to this Option on <Vest year 2> (for a total of 30% of the Shares subject to the Option);
(iii) an additional 30% of the Shares subject to this Option on <Vest year 3> (for a total of 60% of the Shares subject to the Option); and
(iv) an additional 40% of the Shares subject to this Option on <Vest year 4> (for a total of 100% of the Shares subject to the Option); provided Grantee has continued in the full-time employment of the Company or an Affiliate of the Company from the Grant Date through any such vesting date.
Regular Vesting Schedule. Except as set forth in this Section 3, the Restricted Stock granted pursuant to this Agreement shall vest on the Vesting Date, and shall be converted to unrestricted Shares at that time, provided the Grantee has remained in the continuous full-time employment of the Company, or a Subsidiary or Affiliate, from the Grant Date through the Vesting Date.
Regular Vesting Schedule. The Options shall become vested and exercisable with respect to:
(A) [INSERT VESTING SCHEDULE]; provided Grantee has continuously served as a director on the Board from the Grant Date through any such vesting date.
Regular Vesting Schedule. Except as set forth in this Section 4, the SSARs granted pursuant to this Agreement shall vest in accordance with the Vesting Schedule, provided the Grantee has remained in the continuous full-time employment of the Company (or a Subsidiary or Affiliate of the Company) from the Grant Date through the applicable Vesting Date.
Regular Vesting Schedule. Provided that the Participant continues to be employed by, or provide service to, the Employer from the Date of Grant through the vesting date and meets any applicable vesting requirements set forth in this Agreement, except as set forth below in this Section 3, the SARs awarded under this Agreement shall vest as to 100% on the first anniversary of the Date of Grant.
Regular Vesting Schedule. In the absence of a Change of Control, as defined in the Existing Agreement, the Retirement Benefit shall vest in the percentage amounts indicated below, based upon continuous years of service after December 31, 2017, in full time (that is, an average of no less than thirty-five hours a week) employment as Executive VP_of Branch/Loan Administration of Bank:
Regular Vesting Schedule. Except as otherwise provided herein, the Option Shares shall vest and become exercisable ratably on a annual basis over the forty-eight month period following the Effective Date ending on December 1, 2004, provided that the Employee is employed by the Corporation on the applicable vesting date, as follows:
Regular Vesting Schedule. In the absence of a Change in Control, as defined in the Existing Agreement, the Retirement Benefit shall vest in the percentage amounts indicated below, based upon continuous years of service after May 31, 2009, in full time (that is, an average of no less than thirty-five hours a week) employment as Chief Lending Officer of Bank: Four years (through May 31, 2013) - 0% June 1, 2013, after 4 continuous years of service (i.e., June 1, 2009, through May 31, 2013) - 25% vested For each continuous year of service (June 1st through May 31st) from June 1, 2013, through May 31, 2023) - 7.5% additional vesting per year of service June 1, 2023 - 100% vested