Common use of Rights upon Vesting Clause in Contracts

Rights upon Vesting. Prior to vesting, Equity Compensation awarded to the Executive under this Attachment “A” shall be subject to forfeiture or acceleration pursuant to the terms of this Agreement and the 2010 Equity Incentive Plan. Upon the vesting of any Equity Compensation awarded to the Executive under this Attachment “A”, as of the date of such vesting and subject to the terms of any applicable Company Incentive Plan, the Company shall deliver such Equity Compensation to the Executive, and the same shall be freely transferable and non-forfeitable, and the Executive shall be entitled to all rights, preferences and dividends as may be appurtenant to or otherwise payable by the Company thereon.

Appears in 10 contracts

Samples: Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.)

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