Common use of Unvested SARs Held on the Date of Termination Clause in Contracts

Unvested SARs Held on the Date of Termination. Any unvested SARs held by the Participant as of the Date of Termination shall immediately vest.

Appears in 5 contracts

Samples: Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc), Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc), Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc)

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Unvested SARs Held on the Date of Termination. Any unvested SARs held by the Participant as of the Date of Termination that are scheduled to vest on or before the third anniversary of the Date of Termination shall vest immediately. Any other unvested SARs held by the Participant as of the Date of Termination shall immediately vestexpire.

Appears in 3 contracts

Samples: Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc), Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc), Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc)

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Unvested SARs Held on the Date of Termination. Any unvested SARs held by the Participant as of the Date of Termination that are scheduled to vest on or before the first anniversary of the Date of Termination shall vest immediately. Any other unvested SARs held by the Participant on the Date of Termination shall immediately vestexpire.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Chipotle Mexican Grill Inc)

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