Restricted Stock Vesting. Except as otherwise stated in this Section 2, you shall become vested in the Restricted Stock as follows (each of the dates described in (i) and (ii) below, a “Restricted Stock Vesting Date”):
(i) 80% of your Restricted Stock shall vest in equal annual installments on each of the first four (4) anniversaries of the Grant Date specified in Annex 1, and
(ii) 20% of your Restricted Stock shall vest upon termination of your employment after attaining (x) age 55 with 10 years of service with the Corporation or (y) age 60 with 5 years of service with the Corporation. Years of service shall be determined pursuant to the Corporation’s personnel policies and procedures.
Restricted Stock Vesting. Fifty percent of any shares of stock that you have purchased from the Company that remain unvested on the Termination Date will vest on the Termination Date, except for shares that vest solely upon the achievement of a performance objective or objectives or shares that have their vesting accelerate upon the achievement of a performance objective or objectives.
Restricted Stock Vesting. As part of the Executive’s compensation, Executive shall be issued Sixteen Million Four Hundred Ninety Nine Thousand Seven Hundred (16,499,700) restricted Company Shares which shall vest in Executive, become unrestricted and be delivered to Executive in accordance with the terms and conditions of the Executive’s Restricted Stock Award Agreement, as well as in accordance with the 2011 Plan.
Restricted Stock Vesting. The Restricted Stock shall vest as of the dates and in the amounts set forth below provided that the Awardee is serving as a Director on such date:
A. shares shall vest on _________, 20__;
B. shares shall vest on _________, 20__; and
C. shares shall vest on _________, 20__.
Restricted Stock Vesting. This Agreement confirms that your restricted stock grant for 35,258 shares that you received as of February 10, 2000 will be 25% vested as of August 10, 2000 and will be 50% vested as of February 10, 2001 as a result of the stock's trading price reaching the $8 level for the required period, subject to your satisfying the service requirements (i.e., you work for the Company at least through the applicable date, a "Change of Control" as defined in the Company's 1993 Stock Option and Restricted Stock Plan, as amended, occurs before then, or you become vested pursuant to paragraph 10 of this Agreement).
Restricted Stock Vesting. The Restricted Stock shall vest as of the dates and in the amounts set forth below provided that the Recipient is serving as a Director on such date:
(i) shares shall vest on , 20 ; and
(ii) shares shall vest on , 20 .
Restricted Stock Vesting. In the event that Executive becomes -------------------------- entitled to a Separation Payment under any paragraph of paragraph 9.1., except for section 9.1.5., then Compaq shall vest Executive in the Restricted Stock as provided in this paragraph. Vesting under this paragraph shall be effective one hundred eighty calendar days after the Termination Date, provided Executive has remained in compliance with his obligations under this Agreement during that period. If Executive becomes entitled to vesting under this paragraph, then Compaq shall vest Executive in the number of shares of the Restricted Stock determined by the formula [(N/60 x 200,000) - Y] where N equals the number of whole calendar months in the period from the Effective Date to the end of the calendar year in which the Termination Date occurs (maximum of 60) and Y equals the number of shares of the Restricted Stock that have vested under section 5.4.2. of this Agreement as of the Termination Date. The 200,000 in the formula above shall be adjusted to the same extent that the original number of shares of Restricted Stock is adjusted pursuant to Section 4 (d) of the Plan due to a stock dividend, subdivision, or combination of shares or reclassification.
Restricted Stock Vesting. The Restricted Stock shall vest as of the dates and in the amounts set forth below provided that the Awardee is serving as a Director on such date: A. 1,500 shares shall vest on May 31, 2006;
Restricted Stock Vesting. Company agrees to waive its right of repurchase with respect to 64,286 unvested shares (“Accelerated Shares”) of Common Stock acquired by Executive pursuant to that certain Silicon Laboratories Inc. Stock Issuance Agreement between the Company and Executive dated as of August 27, 2001 (the “Issuance Agreement”), including waiving all Repurchase Rights (as defined in the Issuance Agreement) and transferee obligations with respect to the Accelerated Shares. On the Effective Date, Executive shall deliver to the Company by wire transfer cash equal to the Company’s required withholding amount with respect to the Accelerated Shares. In addition to any other remedies available to the Company, the Company shall have the right of offset and may reduce any other payments due to Executive hereunder to the extent Executive has not paid the full amount required by the preceding sentence. The Company will remove all legends and other indications of restriction from the certificates representing Accelerated Shares following receipt of such withholding amount. From the date hereof until the eighth day following Executive’s execution of this Agreement, the Company shall not exercise its Repurchase Rights with respect to the Accelerated Shares. The Company shall exercise its Repurchase Right with respect to the remaining 21,428 unvested shares subject to such Issuance Agreement and shall deliver the Purchase Price of $2.14 to Executive promptly following the Effective Date.
Restricted Stock Vesting. Any shares of restricted stock that you have received from the Company that remain unvested on the Termination Date will become fully vested on the Termination Date if the shares otherwise would have vested (solely by virtue of your continued employment with the Company and not, directly or indirectly, due to a change of control of the Company) during the two year period commencing on the Termination Date.
