Time-Based Award. The Time-Based Award shall vest in accordance with the schedule set forth below (each such date, a “Time-Based Award Vesting Date”).
Time-Based Award. The Time-Based Award entitles you to a cash payment from the Company on (or within five business days after) the Time-Based Award Payment Date in an amount equal to the Time-Based Award Payment Amount. In the event your employment with the Company terminates prior to the occurrence of the Time-Based Award Payment Date for any reason other than death, Disability, or Involuntary Termination, then you shall, for no consideration, immediately forfeit to the Company the Time-Based Award and you shall not have any further rights with respect to such Award.
Time-Based Award. The Executive will be eligible for an award of time-vesting RSUs with an initial aggregate award value of $600,000 on the date of grant (the “Time-Based LTI Award”). The Time-Based LTI Award will vest in equal annual installments over four years following the grant date, subject to the Executive’s continuous employment through the applicable vesting date. Such Time-Based LTI Award is subject to the Board’s approval and the Executive’s execution of an RSU award agreement with standard terms and conditions.
Time-Based Award. The Target Amount of the Time-Based Award shall vest and be earned in full on the Vesting Date, subject to the Participant’s continuous service with the Company or any Affiliate or Subsidiary through the Vesting Date (the “Service Condition”).
Time-Based Award. Within thirty (30) days following the Emergence Date, the Company shall grant the Executive restricted stock units (“RSUs”) relating to the Common Stock valued at $1.2 million (or 0.8% of the Company’s outstanding Common Stock on a fully diluted basis) as of the Emergence Date, which shall become vested in equal annual installments on each of the first, second, third and fourth anniversaries of the Emergence Date, subject to the Executive’s continued employment with the Company on each applicable vesting date, except as provided in Section 3(d)(iii) (the “Time-Based RSUs”).
Time-Based Award. 60,000 shares of the Company’s common stock. This distribution represents a full distribution of that portion of the 80,000 restricted shares of the Company’s common stock granted to Employee pursuant to Section 5.C.1 of the Employment Agreement (the “Time-Based Award”) that remained unvested immediately prior to the Termination Effective Date and that automatically vest in the event that Employee is terminated without Cause (as defined in the Executive Severance Plan). Employee acknowledges and agrees that such 60,000 shares shall be paid to Executive as soon as practicable, and in any event within ten (10) days, following the date the Releases in this Agreement have become effective and non-revocable. Both Employee and the Company acknowledge and agree that the other 20,000 restricted shares of the Company’s common stock originally comprising the Time-Based Award vested on March 4, 2020 pursuant to Section 5.C.1 of the Employment Agreement and were paid to Employee prior to the execution of this Agreement.
Time-Based Award. The amount of the Time-Based Award is [$ ]. The Time-Based Award will not accrue any interest from the Grant Date to the date of settlement, if any.
Time-Based Award. The Time-Based Award, unless earlier terminated or forfeited, shall vest as to one-third (1/3rd) of the total number of Shares subject to the Time-Based Award on each of the first, second, and third anniversaries of the Grant Date, subject to the Participant remaining in continuous Employment on the applicable vesting date.
Time-Based Award. Subject to the Participant’s continued employment with the Company through the applicable vesting date, or as otherwise set forth in Section 2(c) hereof, the Units subject to the Time-Based Award shall vest and become nonforfeitable with respect to one-third (1/3) of such Units on the last day of the Company’s 2008, 2009 and 2010 fiscal years, (i.e., the fiscal years ending in those calendar years), respectively (determined without regard to any future changes of the Company’s fiscal year).
Time-Based Award. The Time-Based Award may vest in three (3) annual installments as follows: (i) shares on December 31, 2003; (ii) shares on December 31, 2004; and (iii) shares on December 31, 2005. Each installment shall vest, and all restrictions shall be removed on each installment, provided that (i) during the applicable twelve (12) month period preceding the vesting date the Executive has continued in the Company’s employment, or (ii) as otherwise provided in Section 9 of this Agreement. The shares shall be released by the Company as soon as practicable for the Compensation Policy Committee of the Board of Directors (the “Compensation Policy Committee”) to meet after the end of the year, or otherwise in accordance with Section 9. [Name of Executive] 2003 Restricted Stock Agreement
