Time Vested Shares. (i) 375,000 Restricted Shares will vest on June 30, 2006, if the Grantee remains continuously employed by the Company through that date.
Time Vested Shares. Any unvested Class B Time-Vesting Shares (and the related Custodial Dividends paid, if any, with respect to such Class B Shares which have not vested at the time of the dividend payment) shall vest as of the date of death or Termination of Employment due to Permanent Disability.
Time Vested Shares. On or prior to July 31, 2010, any unvested Class B Time-Vesting Shares (and the related cash dividends and proceeds thereof held by the Company in accordance with Section 8 hereof (“Custodial Dividends”), if any, with respect to such Class B Shares which have not vested at the time of the dividend payment) shall be forfeited as of the date of such Termination of Employment subject to the last sentence of this Section 6(a)(i)(A). In the event such Termination of Employment occurs after July 31, 2010, fifty percent (50%) of the unvested Class B Time-Vesting Shares (and the related Custodial Dividends, if any, with respect to such Class B Shares which have not vested at the time of the dividend payment) shall be forfeited as of the date of such Termination of Employment subject to the last sentence of this Section 6(a)(i)(A) and fifty percent (50%) of the unvested Class B Time-Vesting Shares (and the related Custodial Dividends, if any, with respect to such Class B Shares which have not vested at the time of the dividend payment) shall vest on the date of such Termination of Employment. Notwithstanding the foregoing, if during the period commencing with such Termination of Employment and ending on the six month anniversary of such Termination of Employment (the “Involuntary Termination Protected Period”) the Company enters into a definitive agreement with respect to a Change in Control transaction, then immediately on the effective date of the Change in Control, as applicable (and subject to the consummation of such Change in Control), any unvested Class B Time-Vesting Shares shall become fully vested (and the related Custodial Dividends vested, if any, with respect to such Class B Shares which have not vested at the time of the dividend payment).
Time Vested Shares. Seventy percent of the Total Restricted Stock Award will constitute (the “Time Vested Shares”) and will vest in the amounts and on the dates set forth in the following schedule:
Time Vested Shares. If and only if no cessation of Executive’s Continuous Service (as defined above) has occurred prior to July 31, 2010, then, on that date the initial installment of 25,258 of the Shares shall become Vested Shares and shall, therefore, cease to be subject to the Company’s Reacquisition Right and the other restrictions contained in this Agreement, other than any applicable Securities Law Restrictions.
Time Vested Shares. In accordance with the original vesting schedule set forth in the Option Agreement, the Time Vested Shares subject to the Repurchase Option shall be released from the Repurchase Option as follows:
Time Vested Shares. ● Thirty thousand (30,000) of the Shares shall vest on the Effective Date. ● Ten thousand (10,000) of the Shares shall vest on April 1, 2022, subject to the Service of the Participant continuing through such date. ● Ten thousand (10,000) of Shares shall vest on April 1, 2023, subject to the Service of the Participant continuing through such date. ● Ten thousand (10,000) of the Shares shall vest on April 1, 2024, subject to the Service of the Participant continuing through such date.
Time Vested Shares. Employee was granted 2,345 time vested restricted shares and has previously vested in 782 of these shares. The balance of 1,563 unvested time vested restricted shares will be forfeited.
Time Vested Shares. Seventy-five percent (75%) of the number of shares at target level will vest in equal annual installments on each November 17 over a consecutive three-year period, with the first installment vesting on November 17, 2009, until fully vested.
Time Vested Shares. Any unvested Time-Vesting Shares (and the related cash dividends and proceeds thereof held by the Company in accordance with Section 7 hereof (“Custodial Dividends”), if any, with respect to such Shares which have not vested at the time of the dividend payment) shall be forfeited as of the date of termination; provided, that if the Termination of Employment without Cause occurs within the six-month period after a Change of Control, all unvested Time-Vesting Shares (and the related Custodial Dividends, if any, with respect to such Shares which have not vested at the time of the dividend payment) shall vest as of the date of termination.
