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 $2,100,000 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. X.
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. 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. 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. On each of November 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. [TBD] of the total number of Restricted Stock shall vest based upon the passage of time (the “Time-Based Restricted Stock”) in accordance with the following schedule: Percentage of Time-Based Restricted Stock to Vest Vesting Date [x]% [x] Total: [x]%
Time-Based Restricted Stock. Consistent with the terms of the 1986 Plan, the Committee has awarded Executive 30,000 shares of restricted stock subject to vesting based on Executive's continued employment. Subject to (iii) below, the shares of Restricted Stock described in this paragraph will vest as to one-third of such shares on the day immediately preceding the first, second and third anniversaries of the Effective Date.
Time-Based Restricted Stock. Thirty-five percent (35%) of the Award Target Value will be delivered on the date of grant in the form of Best Buy time-based Restricted Stock in the amount described above. In order to earn the Restricted Stock you must remain employed by Employer as of each of the vesting dates described below, except as otherwise provided in the Award Agreement. Subject to your continued employment with Employer, the Restricted Stock will vest in accordance with the following schedule: Vesting Schedule Percentage 1st Anniversary of Grant Date 33.34 % 2nd Anniversary of Grant Date 33.33 % 3rd Anniversary of Grant Date 33.33 % Component II. Performance Award Sixty-five percent (65%) of the Award Target Value will consist of a Performance Award, which will be payable in the form of cash. You may earn 0% - 200% of the Performance Award Target Value (described above) based on achievement of specific performance goals, based on Napster results, during the period March 1, 2009 through March 3, 2012. The performance goals will be mutually determined by C. Xxxxx and D. Xxxxxxx, and approved by the Compensation and Human Resources Committee of Best Buy’s Board of Directors. At the end of the performance period, whether and the extent to which the performance goals have been achieved will be determined based on audited financial statements prepared by Employer, in accordance with GAAP, and approved by the Compensation and Human Resources Committee. The performance goals and results may be adjusted, in limited circumstances, at the discretion of the Compensation and Human Resources Committee. The following is a sample performance table that would be applied with respect to the agreed upon performance metric(s) to determine the amount of the Performance Award Target Value that is earned: Performance Metric Actual as % of Plan % of Performance Award Target Value Earned 200.0% or greater 200% 0% - 199.9% Same percentage (0% – 199.9%) as Actual Performance compared to Plan Illustration of Payment Calculation: [Performance Award Target Value] X [% of Performance Award Target Value Earned] = [Performance Award Earned] In order to earn any of the Performance Award, you must remain continuously employed by Employer through the end of the performance period (March 3, 2012), except as otherwise provided in the Award Agreement.
Time-Based Restricted Stock. Participant previously has been granted forty-nine thousand two hundred sixty-three (49,263) shares of time-based restricted stock under the Willbros Group, Inc. 2010 Stock and Incentive Compensation Plan, as amended (the “2010 Stock Plan”), the ownership of which has not yet vested in Participant as of the date this Agreement is executed by Participant, pursuant to the terms of the Restricted Stock Award Agreements evidencing such grants. All such shares of restricted stock granted to Participant that have not yet vested prior to the Termination Date shall vest in full on the Termination Date. Participant acknowledges that withholding taxes will be due on such shares when vested. Participant may satisfy the withholding requirement in whole by paying cash to the Company to discharge the withholding obligation, such payment to be made no later than twelve (12) days following the Termination Date. If Participant does not elect to satisfy the withholding requirement by paying cash in accordance with the preceding sentence, Participant hereby agrees that the Company may withhold shares of restricted stock having a Fair Market Value (as defined in the 2010 Stock Plan) equal to the minimum statutory total tax which is to be withheld on the transaction.
