Common use of Restricted Period; Vesting Clause in Contracts

Restricted Period; Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in this Section 3 have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock May 18, 2022 20 % of the aggregate Restricted Stock May 18, 2023 20 % of the aggregate Restricted Stock May 18, 2024 20 % of the aggregate Restricted Stock May 18, 2025 20 % of the aggregate Restricted Stock May 18, 2026 20 % of the aggregate Restricted Stock The period over which the Restricted Stock vests is referred to as the “Restricted Period”.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Freedom Holding Corp.), Restricted Stock Award Agreement (Freedom Holding Corp.), Restricted Stock Award Agreement (Freedom Holding Corp.)

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Restricted Period; Vesting. 3.1 Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in this Section 3 have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock May 18, 2022 20 [VESTING DATE] 20% of the aggregate Restricted Stock May 18, 2023 20 [VESTING DATE] 20% of the aggregate Restricted Stock May 18, 2024 20 [VESTING DATE] 20% of the aggregate Restricted Stock May 18, 2025 20 [VESTING DATE] 20% of the aggregate Restricted Stock May 18, 2026 20 [VESTING DATE] 20% of the aggregate Restricted Stock The period over which the Restricted Stock vests is referred to as the “Restricted Period”.

Appears in 1 contract

Samples: Form of Restricted Stock Award Agreement (Freedom Holding Corp.)

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