Restricted Stock Vesting Clause Samples
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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. 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 18,708 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. All Restricted Stock, including but not limited to the Additional Restricted Stock, shall become one hundred percent (100%) vested and the Company shall have no repurchase right as to the number of shares of Restricted Stock that would have vested on the next anniversary of the Restricted Stock grant date;
Restricted Stock Vesting. With respect to any shares of Target Capital Stock issued and outstanding immediately prior to the Effective Time that are unvested and subject to a repurchase right, risk of forfeiture or other condition under any applicable stock restriction agreement or other agreement with Target (“Target Restricted Stock”), Target shall take all action to provide for the acceleration and vesting in full (including termination of any repurchase right, risk of forfeiture or other similar condition) of such Target Restricted Stock prior to the Effective Time.
Restricted Stock Vesting. On July 25, 2013, the Company granted you a non-qualified stock option to purchase 63,636 shares (the “Option Shares”) of the Company’s Common Stock (the “Option”) as set forth in the Non-Qualified Stock Option Agreement between you and the Company dated July 25, 2013 (the “Option Agreement”). You exercised the Option on July 31, 2013 and purchased all of the Option Shares, subject to the understanding between you and the Company that the Option Shares would remain subject to the vesting schedule set forth in the Option Agreement. Subject to the terms of this Agreement and upon satisfactory completion of your obligations under the Consulting Agreement, the Company agrees not to assert any claim that the unvested Option Shares remain subject to vesting restrictions as of the Completion Date.