Time Vesting Condition Clause Samples
A Time Vesting Condition clause establishes that certain rights, benefits, or interests—such as stock options or equity—are granted to a party only after a specified period has elapsed. Typically, this means that an employee or contractor must remain with a company for a set duration before gaining full ownership or access to the vested asset, with vesting often occurring incrementally over time (e.g., monthly or annually). The core function of this clause is to incentivize long-term commitment and performance, while protecting the company from granting immediate benefits to individuals who may leave prematurely.
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Time Vesting Condition. Except as otherwise provided herein, the Time Vesting Condition shall be satisfied with respect to one-third (1/3) of the Earned PSUs on each of the Determination Date and the second and third anniversaries of the Grant Date (each, a “Vesting Date”), provided that the Participant has not incurred a termination of Service prior to such Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date and all vesting shall occur only on the appropriate Vesting Date. For the avoidance of doubt, all Earned PSUs shall be deemed unvested PSUs until the Time Vesting Condition described in this Section 3.1(b) has been satisfied.
Time Vesting Condition. The "Time Vesting Condition" shall be satisfied with respect to twenty-five percent (25%) of the Restricted Stock Units in each Tranche on the third (3rd) Trading Day (as defined below) following the Company's issuance of its press release reporting first quarter financial results in fiscal year 2010, but no later than the end of February 2010. On the third (3rd) Trading Day following the Company's issuance of its press release reporting first quarter financial results in each subsequent fiscal year, and in no case later than the end of February of each subsequent year, the Time Vesting Condition shall be satisfied with respect to an additional 25% of the Restricted Stock Units in each Tranche, until the Time Vesting Condition has become satisfied with respect to 100% of the Restricted Stock Units in each Tranche.
Time Vesting Condition. Provided that the Participant remains employed by the Company on the occurrence of the following events or date(s), the Shares will vest as follows: [insert vesting schedule here];
Time Vesting Condition. Except as is set forth below, if the Incentive Award is earned on the Performance Vesting Date, Participant must remain in continuous employment with the Company or any Affiliate through (i) the First Payment Date (as defined below) to receive the first installment of the Incentive Award and (ii) the Second Payment Date (as defined below) to receive the final installment of the Incentive Award.
Time Vesting Condition. Twenty five percent (25%) of the RSUs shall time vest on each of the first four (4) anniversaries of the Vesting Commencement Date, subject to the Grantee’s continued Service with the Company on each applicable time vesting date (“Time Vesting Condition”).
Time Vesting Condition. The “Time Vesting Condition” shall be met on the date that the Employee has been continuously employed by the Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the anniversary date set forth in the following schedule:
Time Vesting Condition. The “Time Vesting Condition” shall be satisfied with respect to twenty-five percent (25%) of the Shares in each Tranche on the first anniversary of the date of grant. On each subsequent anniversary of the date of grant, the Time Vesting Condition shall be satisfied with respect to an additional 25% of the Shares in each Tranche, until the Time Vesting Condition has become satisfied with respect to 100% of the Shares in each Tranche.
Time Vesting Condition. Except as otherwise provided in Section 4(b), 20% of the Stock Appreciation Rights will vest on the first anniversary of the Grant Date, 20% of the Stock Appreciation Rights will vest on the second anniversary of the Grant Date and the remaining 60% of the Stock Appreciation Rights will vest on the third anniversary of the Grant Date (each, a “Scheduled Vesting Date”), subject to Participant’s continued employment with the applicable Scheduled Vesting Date and the other terms and conditions set forth in this Agreement.
Time Vesting Condition. Vesting is contingent on your continued employment as an executive of the Company or one of its Affiliates through the date of the Committee’s review and certification of the 2018, 2019 and 2020 Net Income following completion of fiscal year 2020 (the “Vesting Date”). Except as otherwise provided by Section 3, if your employment as an executive of the Company or one of its Affiliates terminates before the Vesting Date for any reason, then the Award shall be forfeited and cancelled immediately.
Time Vesting Condition. Except as otherwise provided in Section 4(b), 20% of the Stock Options will vest on the first anniversary of the Grant Date, 20% of the Stock Options will vest on the second anniversary of the Grant Date and the remaining 60% of the Stock Options will vest on the third anniversary of the Grant Date (each, a “Scheduled Vesting Date”), subject to Participant’s continued employment with the applicable Scheduled Vesting Date and the other terms and conditions set forth in this Agreement.