Common use of Roll Forward Shares Clause in Contracts

Roll Forward Shares. Any unvested shares that do not become vested for a Performance Period shall be rolled forward for possible vesting in a subsequent Performance Period. For example, if the performance standards are not met for the first two Performance Periods (2008 and 2009), then there will still be 20,000 unvested shares available for vesting after 2009. Continuing this example, if the performance standards are met for 2010, then 4,000 of the 20,000 unvested shares will vest for that 2010 Performance Period, and the remaining 16,000 shares will roll forward for possible vesting in subsequent Performance Periods. All unvested shares will continue to roll forward to subsequent Performance Periods during the term of this Award Agreement. A maximum of 4,000 shares can become vested for any single Performance Period.

Roll Forward Shares. Any unvested performance-based shares that do not become vested for a Performance Period shall be rolled forward for possible vesting in a subsequent Performance Period. For example, if the performance standards are not met for the first two Performance Periods (2008 and 2009), then there will still be 20,000 18,000 unvested shares available for vesting after 2009. Continuing this example, if the performance standards are met for 2010, then 4,000 3,600 of the 20,000 18,000 unvested shares will vest for that 2010 Performance Period, and the remaining 16,000 14,400 shares will roll forward for possible vesting in subsequent Performance Periods. All unvested shares will continue to roll forward to subsequent Performance Periods during the term of this Award Agreement. A maximum of 4,000 3,600 shares can become vested for any single Performance Period.

Roll Forward Shares. Any unvested shares that do not become vested for a Performance Period shall be rolled forward for possible vesting in a subsequent Performance Period. For example, if the performance standards are not met for the first two Performance Periods (2008 and 2009), then there will still be 20,000 40,000 unvested shares available for vesting after 2009. Continuing this example, if the performance standards are met for 2010, then 4,000 10,000 of the 20,000 40,000 unvested shares will vest for that 2010 Performance Period, and the remaining 16,000 30,000 shares will roll forward for possible vesting in subsequent Performance Periods. All unvested shares will continue to roll forward to subsequent Performance Periods during the term of this Award Agreement. A maximum of 4,000 10,000 shares can become vested for any single Performance Period.