TIME VESTING OF EXECUTIVE SECURITIES Sample Clauses

TIME VESTING OF EXECUTIVE SECURITIES. (a) TIME VESTING SCHEDULE. Except as otherwise provided herein, an amount of Un-Time-Vested Securities (as defined below) shall time vest on December 31, ____, on each of the first three anniversaries of such date, and on the fourth anniversary of the date hereof, such that the Executive Securities shall be time vested on each such date in accordance with the following schedule: -------------------------------------------------------------------------------- Cumulative Percentage of Date Executive Securities Time Vested on Such Date -------------------------------------------------------------------------------- December 31, ____ -------------------------------------------------------------------------------- December 31, ____ -------------------------------------------------------------------------------- December 31, ____ -------------------------------------------------------------------------------- December 31, ____ -------------------------------------------------------------------------------- Fourth anniversary of the date hereof 100% -------------------------------------------------------------------------------- Notwithstanding the foregoing sentence, the above time vesting schedule shall cease and no Un-Time-Vested Securities (as defined below) shall time vest after the date on which Executive's employment with the Company or its Subsidiaries terminates voluntarily, involuntarily, with or without cause, for any reason or for no reason. Executive Securities which have become time vested pursuant to this Section 2 are referred to herein as "TIME-VESTED SECURITIES," and all other Executive Securities are referred to herein as "UN-TIME-VESTED SECURITIES."
Sample 1
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TIME VESTING OF EXECUTIVE SECURITIES. (a) TIME VESTING SCHEDULE. Except as otherwise provided herein, an amount of Un-Time-Vested Securities (as defined below) shall time vest on the date hereof and on each of the first four anniversaries of the date hereof, such that the Executive Securities shall be time vested on each such date in accordance with the following schedule: Cumulative Percentage of Date Executive Securities Time Vested on Such Date The date hereof 30% The first anniversary of the date hereof 47.5% The second anniversary of the date hereof 65% The third anniversary of the date hereof 82.5% The fourth anniversary of the date hereof 100% Notwithstanding the foregoing sentence, the above time vesting schedule shall cease and no Un-Time-Vested Securities (as defined below) shall time vest after the date on which Executive's employment with the Company and its Subsidiaries terminates for any reason. Executive Securities which have become time vested pursuant to this Section 2 are referred to herein as "TIME-VESTED SECURITIES," and all other Executive Securities are referred to herein as "UN-TIME-VESTED SECURITIES."
Sample 1
TIME VESTING OF EXECUTIVE SECURITIES. (a) TIME VESTING SCHEDULE. Except as otherwise provided herein, an amount of Un-Time-Vested Securities (as defined below) shall time vest on the date hereof and on each of the first four anniversaries of the date hereof, such that the Executive Securities shall be time vested on each such date in accordance with the following schedule: CUMULATIVE PERCENTAGE OF DATE EXECUTIVE SECURITIES TIME VESTED ON SUCH DATE ------------------------------------------------------------------------------- The date hereof 30% The first anniversary of the date hereof 47.5% The second anniversary of the date hereof 65% The third anniversary of the date hereof 82.5% The fourth anniversary of the date hereof 100% ------------------------------------------------------------------------------- Notwithstanding the foregoing sentence, the above time vesting schedule shall cease and no Un-Time-Vested Securities (as defined below) shall time vest after the date on which Executive's employment with the Company and its Subsidiaries terminates for any reason. Executive Securities which have become time vested pursuant to this Section 2 are referred to herein as "TIME-VESTED SECURITIES," and all other Executive Securities are referred to herein as "UN-TIME-VESTED SECURITIES."
Sample 1
TIME VESTING OF EXECUTIVE SECURITIES 
Sample 1

Related to TIME VESTING OF EXECUTIVE SECURITIES

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

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