RSU Acceleration. As of the Effective Date, and subject to compliance with applicable law, you will receive acceleration of vesting of twenty-five percent (25%) of your unvested restricted stock units (“RSU’s”) of VeriSign common stock as of the Termination Date. Exhibit B reflects which RSU’s will be subject to acceleration of vesting. All other RSU’s which are not vested as of the Termination Date will expire immediately on the Termination Date.
RSU Acceleration. On the Effective Date, Employee’s time-based Restricted Stock Units (“RSUs”) awarded to Employee under the Company’s 2018 Equity Incentive Plan (the “2018 Plan”), which, for the avoidance of doubt, exclude the PSUs (as defined below) will vest as to that number of shares subject thereto that would have been vested had Employee remained in Continuous Service (as defined in the applicable award agreement(s) applicable to the RSUs (each, an “RSU Award Agreement”) through the date six (6) months following the Separation Date (i.e., until and through December 20, 2022). The number of shares subject to Employee’s RSUs and the number of shares eligible to accelerate and vest pursuant to the preceding sentence for each outstanding RSU have been communicated to Employee. The shares that vest pursuant to this paragraph shall be issued and delivered to Employee promptly, and in any event no later than 30 business days, following the Effective Date, and such shares are subject to applicable tax withholding.
RSU Acceleration. Subject to Section 4.7, if Executive’s employment and the Employment Period is terminated by Company without Cause or by Executive for Good Reason, then for purposes of calculating the vested portion of the RSU Award #3 as of the Termination Date (but for no other purpose), the Time and Service Based Requirement (as defined in the applicable RSU Agreement) will be satisfied as to one hundred percent (100%) of RSU Award #3. Executive’s RSU Awards (whether or not otherwise vested at such time) shall be forfeited upon termination of Executive’s employment by Company for Cause.
RSU Acceleration. The Parties acknowledge certain awards of restricted stock units granted to you remain outstanding and unvested as described in Exhibit B attached hereto. Subject to compliance with the terms of this Agreement and the execution and non-revocation of the Supplemental Release by you as described in Section 3 above, the vesting of these restricted stock unit awards will accelerate, inclusive of dividend equivalents through the vesting date, to the extent as specified in Exhibit B;
RSU Acceleration. Upon the termination of your employment with VeriSign, and subject to compliance with applicable law, you will receive acceleration of vesting of twenty-five percent (25%) of your then unvested restricted stock units of VeriSign common stock.
RSU Acceleration. On the Effective Date, Employee’s Restricted Stock Units (“RSUs”) will vest in an amount equal to six additional months of service, such that Employee will vest in and receive the number of shares subject to the RSUs that would have been vested had Employee remained in Continuous Service (as defined in the applicable RSU agreements) until and through May 30, 2022 (the “Vesting Acceleration Date”). The number of shares subject to Employee’s RSUs and the number of shares eligible to accelerate and vest pursuant to the preceding sentence for each outstanding RSU are set forth on Appendix A to this Agreement. The shares that vest pursuant to this paragraph shall be issued and delivered to Employee promptly, and in any event no later than 30 calendar days, following the Effective Date, subject to applicable tax withholding.
RSU Acceleration. On the Second Release Effective Date, Executive’s RSUs will vest as to that number of shares subject thereto that would have been vested had Executive remained in Continuous Service (as defined in the RSU Award Agreements) through the date twelve (12) months following June 15, 2023, provided that in the event that the Company is subject to a Change in Control (as defined in the Severance and CIC Agreement) that closes on or before Executive’s Qualifying Transitional Termination, then the RSUs shall accelerate and vest in full. The number of shares subject to Executive’s RSUs and the number of shares eligible to accelerate and vest pursuant to the preceding sentence for each outstanding RSU have been communicated to Executive. The shares that vest pursuant to this paragraph shall be issued and delivered to Executive promptly, and in any event no later than thirty (30) business days, following the Second Release Effective Date.
RSU Acceleration. Under the terms of the RSU Agreements, vesting of the RSU Award will cease as of the Separation Date. Notwithstanding the foregoing, effective as of immediately prior to the Separation Date, the Board has approved and the Company agrees to accelerate the vesting of 14,250 shares subject to the RSU Award. The shares subject to the RSU Award will be settled in accordance with the terms of the RSU Agreements. Employee consents to the sell-to-cover arrangement described in Section 6(b) of the RSU Agreement to satisfy the Tax Obligation (as defined in the RSU Agreements) relating to such the RSU Award.
RSU Acceleration. Upon the termination of your employment with VeriSign, and subject to compliance with applicable law, you will receive acceleration of vesting of twenty-five percent (25%) of your unvested restricted stock units of VeriSign common stock as of October 31, 2006. Accordingly, you will receive acceleration of vesting of the following restricted stock units: Type Grant Number Date of Grant Number of RSU’s To Have Acceleration of Vesting Restricted Stock Unit U1000014 8/2/2005 2,700 Restricted Stock Unit U1000073 8/1/2006 1,750
RSU Acceleration
