Service-Based Vesting. The Executive will vest in 50% of the Restricted Stock (and the Retained Distributions, if any, related thereto) on the second anniversary hereof if the Executive has been employed with the Company continuously from the date hereof to such date. The Executive will vest in an additional 25% of the Restricted Stock (and the Retained Distributions, if any, related thereto) on the third anniversary hereof if the Executive has been employed with the Company continuously from the date hereof to such date. The Executive will vest in the last 25% of the Restricted Stock (and the Retained Distributions, if any, related thereto) on the last date of the Restricted Period if the Executive has been employed with the Company continuously from the date hereof to such date.
Service-Based Vesting. (i) Except as otherwise determined by the Committee in its sole discretion, or as otherwise provided in this Section 3, the Restricted Shares shall become vested twenty-five percent (25%) per year for four (4) years commencing on the first anniversary of the Grant Date and on each anniversary thereafter (each such date, a “Vesting Date”), subject to your continued employment with the Company or an Affiliate through the applicable Vesting Date. In addition, except as otherwise provided in Section 3(a)(ii) – (iv), if your employment with the Company or an Affiliate terminates at any time before the applicable Vesting Date, any unvested Restricted Shares shall be immediately forfeited.
Service-Based Vesting. Except to the extent earlier forfeited or vested pursuant to this Section 3 or the terms of the Plan, the Award shall vest on the third anniversary of the Grant Date (the “Vesting Date”).
Service-Based Vesting. Subject to Paragraphs 3(b) and 3(c) below, the Stock Units will vest pursuant to the vesting schedule set forth in this Paragraph 3(a). The vesting of Stock Units shall be cumulative, but shall not exceed 100% of the Stock Units. If the vesting schedule in this Paragraph 3(a) would produce fractional Stock Units, the number of Stock Units that vest shall be rounded down to the nearest whole Stock Unit.
Service-Based Vesting. The Award shall vest as follows: [the third anniversary of the Grant Date]; provided, in each case, that the Grantee has remained in continuous Employment from the Grant Date through the applicable vesting date.
Service-Based Vesting. Unless earlier terminated, forfeited, relinquished or expired, and except as set forth in Section 3(b) below, the Stock Option shall vest [(i) as to 33% of the total number of Shares subject to the Stock Option on the first and second anniversaries of the Date of Grant; and (ii) as to an additional 34% of the total number of Shares subject to the Stock Option on the third anniversary of the Date of Grant], provided, in each case, that the Optionee has remained in continuous Employment from the Date of Grant through the applicable vesting date, with the number of Shares that vest on any such date, other than the final vesting date, being rounded down to the nearest whole Share.
Service-Based Vesting. [ ] The Option shall become exercisable with respect to [thirty-three] percent ([33]%) of the Shares subject to the Option on the [first and second] annual anniversaries of the Date of Grant and then with respect to the remaining [thirty-four] percent ([34]%) of the Shares subject to the Option on the [third] annual anniversary of the Date of Grant, provided the Participant is still employed by the Company or any Affiliate at each such time.
Service-Based Vesting. Except as otherwise provided in this Award Agreement, subject to your continued employment through each applicable anniversary of the Grant Date, the achievement of the Section 162(m) Goal and the applicable Performance Goal, you shall vest in the RSUs subject to this Award Agreement twenty five percent (25%) on each of the first four anniversaries of the Grant Date. Each 25 percent of the RSUs for which the service requirement under this Section 3(a) would be satisfied upon each applicable anniversary of the Grant Date shall be considered a “tranche” of RSUs for purposes of this Award Agreement.
Service-Based Vesting. (a) Throughout this Agreement, the term “vest” refers only to the satisfaction of the service-based condition described in this Section 3 and does not refer to the performance conditions described in Section 2 above, the satisfaction of which is also necessary for any issuance of Shares with respect to this award. If the Final Multiplier is greater than 0, then subject to the terms and conditions of this award, the Shares subject to this award vest in accordance with the applicable schedule described in Section 3(b) or 3(c) below, so long as the Participant is, and has been at all times since the date in Section 1 above on which the Units were granted, an employee, officer or director of, or consultant or advisor to, the Company or any parent or subsidiary of the Company (an “Eligible Participant”), as “parent” and “subsidiary” are defined in Section 424(e) or (f) of the United States Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”). On each vesting date, each Unit becoming vested is automatically converted into Shares at a rate determined based on the application of the Final Multiplier. If the Final Multiplier has not yet been determined on the date a Unit vests, then such vested Unit remains outstanding until the Final Multiplier has been determined, at which time such vested Unit is automatically converted into Shares at a rate determined based on the application of the Final Multiplier.
Service-Based Vesting. (i) Except as otherwise determined by the Committee in its sole discretion, or as otherwise provided in this Section 3, the Restricted Shares shall vest on the Vesting Date subject to your continued employment with the Company or an Affiliate through the Vesting Date. In addition, except as otherwise provided in Section 3(a)(ii) – (iv), if your employment with the Company or an Affiliate terminates at any time before the Vesting Date, any Restricted Shares shall be immediately forfeited.
