Common use of Time Vesting Condition Clause in Contracts

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.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Cpi International, Inc.), Performance Restricted Stock Unit Award Agreement (Cpi International, Inc.)

AutoNDA by SimpleDocs

Time Vesting Condition. The "Time Vesting Condition" shall be satisfied with respect to twenty-five percent (25%) of the Restricted Stock Units Shares 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 Shares in each Tranche, until the Time Vesting Condition has become satisfied with respect to 100% of the Restricted Stock Units Shares in each Tranche.

Appears in 1 contract

Samples: Performance Restricted Stock Agreement (Cpi International, Inc.)

AutoNDA by SimpleDocs

Time Vesting Condition. The "Time Vesting Condition" shall be satisfied with respect to twenty-five percent (25%) of the Restricted Stock Units Shares in each Tranche on the third (3rd) Trading Day (as defined below) following the Company's ’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 ’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 Shares in each Tranche, until the Time Vesting Condition has become satisfied with respect to 100% of the Restricted Stock Units Shares in each Tranche.

Appears in 1 contract

Samples: Performance Restricted Stock Agreement (Cpi International, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.