Time-Based Restricted Stock. On each of the first, second and third anniversaries of the Date of Grant, thirty-three and one-third percent (33 1/3%) of the Time-Based Restricted Stock shall vest and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7.
Time-Based Restricted Stock. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2022 Long-Term Incentive Plan (the “LTIP”) as follows: on August 1, 2022 (if the Executive remains actively employed as of such date), a number of shares equal to $1,975,000 divided by the closing price of the Company’s stock on such date. This grant of T-B Restricted Stock will vest in three (3) equal annual installments commencing on the first anniversary of each date of grant. In other words, the 2022 grant of T-B Restricted Stock will vest in 2023, 2024 and 2025. Each grant of T-B Restricted Stock will be subject to the terms of a Restricted Stock Agreement to be entered into between the Company and Executive to evidence this grant. Executive shall be entitled to vote all vested and unvested shares of T-B Restricted Stock and to the extent allowed by the LTIP, receive all dividends paid thereon, until and unless such time as such shares of T-B Restricted Stock are forfeited in accordance with the terms of the Restricted Stock Agreement evidencing such grant.
Time-Based Restricted Stock. The Restricted Period for the Time-Based Restricted Stock shall end and the shares of Time-Based Restricted Stock shall become vested and freely transferable as set forth below, subject to the Participant's continued service with the Company on such dates:
Time-Based Restricted Stock. Colleague’s Time-Based Restricted Stock Award Agreements are terminated on the Effective Date and, therefore, Colleague will not be entitled to any stock, vesting, or other payments under such agreements on or after the Effective Date. However, in order to facilitate a smooth transition, Energizer will award Colleague a pro-rata portion of his 2015 and 2016 grants. Specifically, Colleague will be awarded 6,151 RSEs for the 2015 grant and 1,851 RSEs for the 2016 grant (collectively, the “Time-Based Pro-Rata Portion”). Such retained Time-Based Pro-Rata Portion shall be paid, in the form of Energizer Holdings, Inc. common stock, on the same date that such awards would have been paid had the Time-Based Restricted Stock Award Agreements not been terminated and Colleague’s employment with Energizer continued until the end of the original performance period. In addition, Dividend Equivalents will continue to be accrued and payable upon vesting of the 2015 and 2016 Time Based Pro-Rata Portion Restricted Stock Equivalent awards.
Time-Based Restricted Stock. All unvested shares of Time-Based Restricted Stock shall become fully vested as of the date of the Participant’s Termination of Service.
Time-Based Restricted Stock. On each of December 17, 2009, 2010 and 2011, thirty-three and one-third percent (33 1/3%) of the Time-Based Restricted Stock shall vest and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7.
Time-Based Restricted Stock. Each grant of Digimarc time-based restricted stock granted to the Named Executive Officers in 2007 allows the executive officer to acquire shares of Digimarc common stock at no cost immediately at the time of the grant, subject to divestiture over a specified period of time (in this instance, four years). At the end of each of the first four years following the grant date, the restrictions will lapse on 25 percent of the restricted shares subject to each of these grants, at which time such shares are no longer subject to forfeiture.
Time-Based Restricted Stock. (“TBR stock”):
Time-Based Restricted Stock. [•] of the total number of shares of Restricted Stock subject to the Award (the “Time-Based Shares”) (subject to adjustment as provided in Section 3.3 of the Plan) shall vest ratably in substantially equal annual installments on each of the first [four] annual anniversaries of the Grant Date. This means that (subject to adjustment as provided in Section 3.3 of the Plan), [•] shares of Restricted Stock shall vest on [•], [•] shares of Restricted Stock shall vest on [•], [•] shares of Restricted Stock shall vest on [•], and [•] shares of Restricted Stock shall vest on [•].
Time-Based Restricted Stock. The Restricted Period for the Time-Based Restricted Stock shall end and the shares of Time-Based Restricted Stock shall become vested and freely transferable as set forth below, subject to the Participant's continued service with the Company on such dates: [____] [_______ ___, 20___] [____] [_______ ___, 20___] [____] [_______ ___, 20___] [____] [_______ ___, 20___]
