Time-Based Restricted Stock Sample Clauses

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 if, except as provided in Section 1.4(d), the Employee remains employed by 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 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. Executive will be granted shares of restricted stock (the “T-B Restricted Stock”) under the Company’s 2016 Long-Term Incentive Plan as follows: (i) upon the effective date of this Agreement, 18,300 shares; (ii) upon the first anniversary of this Agreement (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; and (iii) upon the second anniversary of this Agreement (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. Each of these grants 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 2020 grant of T-B Restricted Stock will vest in 2021, 2022 and 2023; the 2021 grant of T-B Restricted Stock will vest in 2022, 2023 and 2024; and the 2022 grant of T-B Restricted Stock will vest in 2023, 2024 and 2025. In the event a Change of Control transaction is consummated prior to the forfeiture of any of T-B Restricted Stock, any unvested T-B Restricted Stock shall automatically vest. 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 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. [Number] 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 November 6, 2019. This means that (subject to adjustment as provided in Section 3.3 of the Plan), [Number] shares of Restricted Stock shall vest on November 6, 2020, [Number] shares of Restricted Stock shall vest on November 6, 2021, [Number] shares of Restricted Stock shall vest on November 6, 2022, and [Number] shares of Restricted Stock shall vest on November 6, 2023.

Time-Based Restricted Stock. 150,000 shares of the Restricted Stock shall vest and cease to be Restricted Stock (but will remain subject to the terms of this Agreement and the Plan) in equal quarterly installments commencing on the Grant Date and ending on the 18-month anniversary of the Grant Date (the “Time-Based Restricted Stock”); provided, however, that the Participant has not experienced a Termination of Service prior to each applicable vesting date.

Time-Based Restricted Stock. Immediately prior to the Effective Time, each outstanding award of restricted Company Common Stock subject only to time-based vesting (the “Time-Based Restricted Stock”) granted pursuant to the Company’s 2014 Long Term Incentive Plan, as amended from time to time (the “Company Stock Plan”), shall immediately vest in full and any forfeiture restrictions applicable to such Time-Based Restricted Stock shall lapse immediately and, by virtue of the Merger and without any action on the part of the holder thereof, each share of Time-Based Restricted Stock shall be treated as a share a share of Company Common Stock for all purposes of this Agreement, including the right to receive the Merger Consideration in accordance with the terms hereof, less applicable Taxes required to be withheld with respect to such vesting.