Common use of Restricted Share Vesting Clause in Contracts

Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 100% of each Award on the third anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement, unless forfeited before such Vesting Date.

Appears in 2 contracts

Samples: Restricted Stock (Sypris Solutions Inc), Restricted Stock (Sypris Solutions Inc)

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Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 100approximately 33% of each Award on the third anniversary of its Grant Date the grant date, 33% on the fifth anniversary of the grant date and 34% on the seventh anniversary of the grant date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement), unless forfeited before such Vesting Date.

Appears in 1 contract

Samples: Incentive Award Agreement (Sypris Solutions Inc)

Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 10050% of each Award on the third fourth anniversary of its Grant Date and 50% of each Award on the fifth anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement, unless forfeited before such Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sypris Solutions Inc)

Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 50% of each base award on the first and second anniversaries of the Grant Date, and 100% of each Award supplemental award on the third anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement, unless forfeited before such Vesting Date.

Appears in 1 contract

Samples: Non Qualified Stock Options (Sypris Solutions Inc)

Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 100% of each Award on the third second anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided subject to continued Service through the Vesting Date. Restricted Shares will automatically be forfeited for no consideration in the applicable Award Agreement, unless forfeited before connection with a termination of Service for any reason prior to such Vesting Date.

Appears in 1 contract

Samples: Restricted Stock (Sypris Solutions Inc)

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Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 100% of each Award on the third anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement, unless forfeited before such Vesting Date.]

Appears in 1 contract

Samples: Non Qualified Stock Options (Sypris Solutions Inc)

Restricted Share Vesting. Unless otherwise determined by the Committee, grants of Restricted Shares will vest as follows: 100approximately 33% of each Award on the third anniversary of its Grant Date, 33% on the fifth anniversary of its Grant Date and 34% on the seventh anniversary of its Grant Date (each such anniversary, a “Vesting Date”) as provided in the applicable Award Agreement), unless forfeited before such Vesting Date.

Appears in 1 contract

Samples: Award Agreement (Sypris Solutions Inc)

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