Common use of Stock Award Duration Clause in Contracts

Stock Award Duration. The Shares shall be divided into two portions for vesting: (a) Time-vested Shares: Seventy-five percent (75%) of the number of shares at target level will vest in equal annual installments on each December 1 over a consecutive three-year period, with the first installment vesting on December 1, 2011, until fully vested.

Appears in 1 contract

Samples: 2011 Sars Award Agreement (Advance Auto Parts Inc)

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Stock Award Duration. The Shares shall be divided into two portions for vesting: (a) Time-vested Shares: Seventy-five percent (75%) of the number of shares at target level will vest in equal annual installments on each December 1 over a consecutive three-year period, with the first installment vesting on December 1, 2011, until fully vested.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Advance Auto Parts Inc)

Stock Award Duration. The Shares shall be divided into two portions for vesting: (a) Time-vested Shares: Seventy-five Fifty percent (7550%) of the number of shares at target level will vest in equal annual installments on each December 1 over a consecutive three-year period, with the first installment vesting on December 1, 20112012, until fully vested.

Appears in 1 contract

Samples: 2012 Sars Award Agreement (Advance Auto Parts Inc)

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Stock Award Duration. The Shares shall be divided into two portions for vesting: (a) Time-vested Shares: Seventy-five percent __________ (75%XX%) of the number of shares at target level will vest in equal annual installments on each December 1 [DATE] over a consecutive three-year period, with the first installment vesting on December 1, 2011[DATE], until fully vested.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Advance Auto Parts Inc)

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