Service-Based Vesting Condition. Except as otherwise provided in this Section 4, the Award shall vest in 50% increments on each of the first and second anniversaries of the Grant Date, provided the Holder continuously serves as a Non-Employee Director of the Company through such date. The period of time during which any of the shares of Stock subject to the Award shall be unvested shall be referred to herein as the “Restriction Period.”
Appears in 2 contracts
Samples: Restricted Stock Award Agreement, Restricted Stock Award Agreement (Thermon Holding Corp.)
Service-Based Vesting Condition. Except as otherwise provided in this Section 4, the Award shall vest in 5025% increments on each of the first first, second, third and second fourth anniversaries of the Grant Date, provided the Holder remains continuously serves as a Non-Employee Director of employed by the Company or one of its Subsidiaries through such date. The period of time during which any of the shares of Stock subject to the Award shall be unvested shall be referred to herein as the “Restriction Period.”
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Cobra Electronics Corp)
Service-Based Vesting Condition. Except as otherwise provided in this Section 4, the Award shall vest in 50% [%] increments on each of the first and second [·] anniversaries of the Grant Date, provided the Holder remains continuously serves as a Non-Employee Director of employed by the Company Group through such date. The period of time during which any of the shares of Stock subject to the Award shall be unvested shall be referred to herein as the “Restriction Period.”
Appears in 1 contract
Samples: Employee Restricted Stock Award Agreement (Thermon Holding Corp.)
