Restrictions; Vesting. Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to the Units shall vest according to the following schedule: a. One-third of the Units shall vest on <Vesting Date>; b. One-third of the Units shall vest on <Vesting Date>; and c. One-third of the Units shall vest on <Vesting Date>. The Restricted Stock Units awarded under this Agreement shall vest in accordance with the schedule set forth above unless, prior to the vesting date set forth above, the Award and the applicable Units are forfeited or have become subject to accelerated vesting under the terms and conditions of the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Progressive Corp/Oh/), Restricted Stock Unit Award Agreement (Progressive Corp/Oh/)
Restrictions; Vesting. Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to the Units shall vest vest, if at all, according to the following schedule:
a. One-third of the Units shall vest on <Vesting Date>;
b. One-third of the Units shall vest on <Vesting Date>; and
c. One-third of the Units shall vest on <Vesting Date>. The Restricted Stock Units awarded under this Agreement shall vest in accordance with the schedule set forth above unless, prior to the vesting date set forth above, the Award and the applicable Units are forfeited or have become subject to accelerated vesting under the terms and conditions of the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Progressive Corp/Oh/)
Restrictions; Vesting. Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to the Units shall vest vest, if at all, according to the following schedule:
a. One-third of the Units shall vest on <on< Vesting Date>;
b. One-third of the Units shall vest on <Vesting Date>; and
c. One-third of the Units shall vest on <Vesting Date>. The Restricted Stock Units awarded under this Agreement shall vest in accordance with the schedule set forth above unless, prior to the vesting date set forth above, the Award and the applicable Units are forfeited or have become subject to accelerated vesting under the terms and conditions of the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Progressive Corp/Oh/)
