Standard Vesting Clause Samples

Standard Vesting. Subject to the terms and conditions of this Agreement, the PSUs covered by this Agreement shall Vest on December 31, 2026 (the “Vesting Date”) to the extent that (i) the Participant’s Employment continues from the Grant Date through the Vesting Date (the “Vesting Period”) and (ii) the performance goals described in the Statement of Performance Goals for these PSUs (the “Performance Goals”) are achieved, once determined and certified by the Committee in its sole discretion following the end of the final of the following performance periods: the performance period starting on January 1, 2024 and ending on December 31, 2024 (the “12-Month Measurement Period”), the performance period starting on January 1, 2024 and ending on December 31, 2025 (the “24-Month Measurement Period”), and the performance period starting on January 1, 2024 and ending on December 31, 2026 (the “36- Month Measurement Period”, and together with the 12-Month Measurement Period and the 24- Month Measurement Period, the “Measurement Periods”). Any PSUs that do not so Vest will be forfeited, including, except as provided in Section 6(b) below, if the Participant’s Employment terminates prior to the end of the Vesting Period. For purposes of this Agreement, “continuous Employment” (or substantially similar terms) means the absence of any interruption or termination of the Participant’s Employment. Continuous Employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company.

Standard Vesting. The number of shares optioned shall be divided as nearly as possible into three (3) equal installments. The first installment shall accrue and the Option shall be exercisable with respect to the shares included therein on the date which is one year after the grant of the Option. Each succeeding installment shall accrue and the Option shall be exercisable with respect to the shares included therein on each yearly anniversary date thereafter. An option may be exercised when installments accrue and at any time thereafter within the option period set forth in Section 3 above with respect to all or a part of the shares covered by such accrued installments, subject, however, to further provisions of this Section 4.

Standard Vesting. The Company shall issue to the Participant, subject to applicable withholding as discussed in Section 7 of this Agreement, one share of common stock par value $.01 per share, of the Company (“Common Stock”) in satisfaction of each vested RSU within 30 days following the date on which an RSU becomes vested pursuant to Section 1 or Section 2, subject, in case of a separation from service (within the meaning of Section 409A), to Section 4.b.

Standard Vesting. On the first anniversary of the Vesting Commencement Date, 25% of the Shares shall be released from the Repurchase Option and become Vested Shares. An additional one forty-eighth (1/48th) of the Shares shall be released from the Repurchase Option and become Vested Shares on the 1st day of each month after the first anniversary of the Vesting Commencement Date until vesting terminates upon the Termination Date or all of the Shares are released from the Repurchase Option. If application of the vesting percentage causes any fractional share, all fractional Shares shall be aggregated and then rounded down to the nearest whole share. Any of the Shares not subject to the Repurchase Option are referred to herein as “Vested Shares.” Any of the Shares which have not yet been released from the Repurchase Option are referred to herein as “Unvested Shares.”

Standard Vesting. Prior to the Expiration Date (as hereinafter defined), the Option shall become and be exercisable as follows: 20% of the number of Option Shares shall vest on the first anniversary of the Grant Date, and thereafter the Option shall vest with respect to additional Option Shares at a rate of 20% of the original number of Option Shares with such additional vesting occurring on each successive annual anniversary of the Grant Date, provided that the Participant continues to serve as a Director through the applicable vesting dates. The Option is not exercisable at any time with respect to unvested shares, and upon Participant ceasing to be a Director no further Option Shares shall become vested.

Standard Vesting. This option will become exercisable (“vest”) as to one-forty-eighth (1/48) of the original number of Shares at the end of each successive one-month period following the Vesting Start Date until the four-year anniversary of the Vesting Start Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Standard Vesting. The Option may only be exercised to the ---------------- extent vested. Any vested portion of the Option may be exercised at any time in whole or from time to time in part. Vesting shall commence on the Grant Date and Optionee shall vest in the Option according to the following schedule (each date set forth below, a "Vesting Date"): ------------ Cumulative Percentage of Vesting Date Option Vested ------------ ------------- Grant Date 25% January 1, 1999 50% January 1, 2000 75% January 1, 2001 100% Optionee must be employed by IFX or any Subsidiary on (a) the Grant Date, in order to vest in any portion of the Option, and (b) on any Vesting Date, in order to vest in the portion of the Option set forth in the chart above that vests on such Vesting Date. No portion of the Option shall vest between Vesting Dates; if Optionee ceases to be employed by IFX or any Subsidiary, then any portion of the Option that is scheduled to vest on any Vesting Date after the date Optionee's employment is terminated automatically shall be forfeited as of the termination of employment. If Optionee's employment with IFX or any Subsidiary is terminated for any reason, any portion of the Option which is not then vested shall be immediately forfeited; provided, however, that a transfer or reassignment of Optionee from IFX to any Subsidiary, or vice versa, shall not ---- ----- constitute a termination of employment for purposes of this Agreement.

Standard Vesting. Unless vesting of this Option is accelerated pursuant to paragraph 2(b), one hundred percent of the shares will vest on the date which is seven years less one day from the date you were granted this option (February 1, 2000).

Standard Vesting. Except as provided in subsection (b) below, if Participant remains employed by the Company, the RSUs and the right to the Shares shall vest with respect to one-third of the number of Shares subject to the Award (rounded up to the nearest whole Share, as necessary) on each of the first and second anniversaries of the Grant Date (each such anniversary a “Vesting Date”) and shall vest as to all remaining Shares on the third anniversary of the Grant Date (the “Final Vesting Date”).