Time Vesting Shares. If the Date of Termination (as defined below) does not occur during the Restricted Period with respect to any Installment of the Time Vesting Shares, then, at the end of the Restricted Period for such shares, the Participant shall become vested in those Time Vesting Shares, and shall own the shares free of all restrictions otherwise imposed by this Agreement. With respect to all Time Vesting Shares, the “Restricted Period” shall begin on the Grant Date. The “Restricted Period” with respect to each Installment of Time Vesting Shares shown on the schedule shall end on the Vesting Date applicable to such Installment (but only if the Date of Termination has not occurred before the Vesting Date): VESTING DATE APPLICABLE TO INSTALLMENT INSTALLMENT 833 One-Year Anniversary of Grant Date 833 Two-Year Anniversary of Grant Date 834 Three-Year Anniversary of Grant Date
Time Vesting Shares. (i) Except as otherwise provided in Sections 2(c) below, 90% of the shares of Director Stock purchased hereunder (the "Time Vesting Shares") will become vested in accordance with the following schedule, if as of each such date Director is still a member of the Board. Cumulative Percentage of Time ----------------------------- Date Vesting Shares Vested ---- --------------------- 1st Anniversary of Closing 33 1/3% 2nd Anniversary of Closing 66 2/3% 3rd Anniversary of Closing 100%
Time Vesting Shares. (i) Except as otherwise provided in Section 2(c)(ii) below, 45% of the shares of Executive Stock purchased hereunder (the "Time Vesting Shares") will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any Subsidiary: Cumulative Percentage of ------------------------ Time Vesting Shares ------------------- Date Vested ---- ------ At the Start Date 20% 1st Anniversary of the Start Date 36% 2nd Anniversary of the Start Date 52% 3rd Anniversary of the Start Date 68% 4th Anniversary of the Start Date 84% 5th Anniversary of the Start Date 100%
Time Vesting Shares. Any unvested Time-Vesting Shares (and the related escrow account) shall be forfeited as of the date of termination; provided, that if the termination without Cause occurs within the six-month period after a Change of Control (as defined in Section 4.8 below), all unvested Time-Vesting Shares (and the related escrow account) shall vest as of the date of termination.
Time Vesting Shares. 40.9 percent of the New Parent Restricted Shares granted to the Executive hereunder (the “Time-Vesting Shares”) shall vest over sixty months in equal monthly installments commencing on the last day of the first month following the Closing, subject to the Executive’s continued employment on the date of vesting and to Section 4 below. Subject to the Executive’s continued employment, notwithstanding the foregoing, if “private equity investors” own less than 40% of the aggregate equity interests, measured by vote and value, of the Parent (“Private Equity Dilution”), then the Time-Vesting Shares will become fully vested on the later to occur of (x) the third anniversary of the Closing or (y) twelve months following the transaction which causes the Private Equity Dilution. For purposes of this Section 2.1(d)(A), “private equity investors” shall mean the Investors (as defined below) and any other similar entities or divisions of entities which are similar type private equity investors including, without limitation, entities which provide venture capital or long-term share capital in exchange for an ownership interest in another entity.
Time Vesting Shares. The RSUs shall vest based on the following, so long as the Participant has not incurred a Termination (other than if the Participant Retires) prior to such vesting date: Vesting Date Percent of RSUs Vesting First anniversary of the Grant Date 33.34 % Second anniversary of the Grant Date 33.33 % Third anniversary of the Grant Date 33.33 % (A) In the event that the Participant Retires (as defined below) prior to an anniversary of the Grant Date, a percent of the RSUs that are scheduled to vest at the next anniversary of the Grant Date following the Participant’s last date of service to the Company (the “Participant’s Last Service Date”), shall vest in an amount equal to 33.33% multiplied by the quotient of (i) the number of days between the immediate prior anniversary of the Grant Date (or the Grant Date itself if no anniversary has occurred yet) and the Participant’s Last Service Date, over (ii) 365.
Time Vesting Shares. Except as otherwise provided in (e)(iii) below, fifty percent (50%) of the Executive Shares (the "Time Vesting Shares") will become vested in accordance with the following schedule, if and only if as of each such date Executive is still employed by the Company: Cumulative Percentage of Date Executive Shares to be Vested ---- ----------------------------- First Anniversary of the Closing 25% Second Anniversary of the Closing 50% Third Anniversary of the Closing 75% Fourth Anniversary of the Closing 100%
Time Vesting Shares. [X Shares (50%)]3 of the RSUs (“Time Vesting Shares”) shall vest based on the following, so long as the Participant has not incurred a Termination (other than if the Participant Retires) prior to such vesting date: Vesting Date Percent of Time Vesting Shares Only First anniversary of the Grant Date 33.34 % Second anniversary of the Grant Date 33.33 % Third anniversary of the Grant Date 33.33 % (A) In the event that the Participant Retires (as defined below) prior to an anniversary of the Grant Date, a percent of the Time Vesting Shares that are scheduled to vest at the next anniversary of the Grant Date following the Participant’s last date of service to the Company (the “Participant’s Last Service Date”), shall vest in an amount equal to 33.33% multiplied by the quotient of (i) the number of days between the immediate prior anniversary of the Grant Date (or the Grant Date itself if no anniversary has occurred yet) and the Participant’s Last Service Date, over (ii) 365.
Time Vesting Shares. Subject to the provisions of Section 4(e), within thirty (30) days following the scheduled vesting date of the Time Vesting Shares provided in Section 3(a)(1), the Participant shall receive the number of shares of Common Stock that correspond to the number of Time Vesting Shares that have become vested on or prior to the applicable vesting date; provided, however, that, for the avoidance of doubt, in the event that the Participant Retires, any Time Vesting Shares that become vested upon the date that such Participant Retires, determined in accordance with Section 3(a)(1)(A), shall be settled at the same time that such Time Vesting Shares would have settled had the Participant not incurred a Termination.
Time Vesting Shares. [2/3 of the Restricted Stock grant] shares of the Restricted Stock shall vest in four (4) installments in accordance with the following schedule: Vesting Date Percentage of Time Vesting Shares Vested February 15, 2007 10% February 15, 2008 25% February 15, 2009 30% February 15, 2010 35% Each installment shall vest and thereby all restrictions shall be removed on the installment so long as the Executive has remained in Continuous Service (as defined in the Plan) through the date on which the installment is scheduled to vest.
