Common use of Vesting and Conversion of RSUs Clause in Contracts

Vesting and Conversion of RSUs. Subject to Sections 2(e) and 2(f), the RSUs shall vest daily in proportion to the time elapsed between the Grant Date and the first anniversary of the Grant Date (the “Specified Date”), and shall be converted into an equivalent number of shares of Common Stock that will be immediately distributed to the Grantee within 30 days following the Specified Date.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Hexcel Corp /De/), Restricted Stock Unit Agreement (Hexcel Corp /De/)

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Vesting and Conversion of RSUs. Subject to Sections 2(e2(d) and 2(f2(e), the RSUs shall vest daily in proportion to the time elapsed between the Grant Date and the first anniversary of the Grant Date [DATE] (the “Specified Date”), and shall be converted into an equivalent number of shares of Common Stock that will be immediately distributed to the Grantee within 30 days following (x) the Specified DateDate or (y) if properly and timely elected by the Grantee in accordance with the terms and conditions determined by the Committee from time to time, the date of the Grantee’s separation from service with the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hexcel Corp /De/)

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Vesting and Conversion of RSUs. Subject to Sections 2(e) and 2(f), the RSUs shall vest daily in proportion on the first to the time elapsed between the Grant Date and occur of (i) the first anniversary of the Grant Date, and (ii) the date immediately prior to the next Annual Meeting of Stockholders following the Grant Date (the earlier of such dates being the “Specified Date”), and shall be converted into an equivalent number of shares of Common Stock that will be immediately distributed to the Grantee within 30 days following the Specified Date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hexcel Corp /De/)

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