Vesting and Delivery Sample Clauses

Vesting and Delivery. Each Restricted Stock Unit represents an unfunded, unsecured promise by Primerica to deliver one share of Primerica’s common stock, par value $.01 per share (“Common Stock”), subject to the terms and conditions contained in this Agreement and the Plan. The Restricted Stock Units shall, except as provided in Section 3 below, become vested on the Vesting Dates set forth in Section 1, and the Restricted Stock Units so vesting shall be settled by delivery of shares of Common Stock as of the Payment Date with respect to each such Vesting Date. Such delivery of shares of Common Stock by Primerica shall discharge it of all of its duties and obligations under this Agreement and the Plan with respect to such vested Restricted Stock Units.

Vesting and Delivery. Each Restricted Stock Unit represents an unfunded, unsecured promise by Primerica to deliver one share of Primerica’s common stock, par value $.01 per share (“Common Stock”), subject to the terms and conditions contained in this Agreement and the Plan. The Restricted Stock Units shall, except as set forth in Sections 3(a) and (b) below, become vested on the Vesting Dates set forth in Section 1 and be settled by delivery of shares of Common Stock on the Delivery Date set forth in Section 1. Primerica’s delivery of the number of shares of Common Stock equal to the number of the Participant’s vested Restricted Stock Units shall discharge all of its duties and obligations under this Agreement.

Vesting and Delivery. (a) The RSUs shall become vested 50% (________ shares) on _________ and 50% (_______ shares) on _________ (individually, the “Vesting Date”) and, subject to the terms of this Agreement and the Plan, shares of Common Stock shall be delivered to the Executive as described herein if the Executive has been continuously employed by the Company or its subsidiaries within the meaning of Section 424 of the Internal Revenue Code of 1986, as amended (the “Control Group”) from the Date of Grant until the applicable Vesting Date.1 (b) Other than as may be specifically provided for herein, there shall be no proportionate or partial vesting in the periods prior to the Vesting Date and all vesting shall occur only on the Vesting Date, subject to the Executive’s continued employment with the Control Group as described in Section 2(a). (c) In the event of Executive’s termination of employment prior to the Vesting Date by reason of death or Disability, Executive (or in the event of his death, his estate) shall receive a pro rata portion of his RSU award. The pro rata portion shall be determined by multiplying the number of RSUs awarded by a fraction, the numerator of which is the number of days from the 1 Alternate Section 2(a) provision if award cliff vests: The RSUs shall become vested on ____________ (the “Vesting Date”) and, subject to the terms of this Agreement and the Plan, _____________ shares of Common Stock shall be delivered to the Executive as described below if the Executive has been continuously employed by the Company or its subsidiaries within the meaning of Section 424 of the Internal Revenue Code of 1986, as amended (the “Control Group”) from the Date of Grant until the Vesting Date. Date of Xxxxx to the date of Executive’s termination of employment and the denominator of which is the number of days from the Date of Grant to the Vesting Date.2 (d) If the Company terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason upon, or within twenty-four (24) months following, a Change in Control as defined in Appendix A hereto (“Section 2(d) Termination”), the RSUs shall become immediately vested. (e) In the event the Executive ceases to be employed by the Company or any subsidiary or affiliate of the Company as a result of the closing, sale, spin-off or other divestiture of any operation of the Company, the Compensation Committee, in its sole discretion, may, but shall not be obligated to, fully vest and not forfeit a...

Vesting and Delivery. (a) Except as otherwise determined by the Committee in its sole discretion, your rights with respect to the RSUs subject to this Award Agreement shall become fully vested upon the earlier of (i) the first anniversary of the date of grant of the RSUs and (ii) a Change of Control (the earlier of such dates, the “Vesting Date”). (b) Notwithstanding the occurrence of the Vesting Date, the Company shall not deliver the Shares with respect to the RSUs to you until the termination of your service as a director of the Company and its Affiliates, provided that (i) such termination occurs on or following the Vesting Date and (ii) such termination constitutes a “separation from service” within the meaning of Section 409A. In such event, you will be entitled to delivery of one Share for each RSU awarded to you pursuant to this Award Agreement within 10 days following the termination of your service as of a director of the Company and its Affiliates.

Vesting and Delivery. Delivery of Shares subject to a Deferred Stock grant will occur upon expiration of the deferral period or upon the occurrence of one or more of the distribution events described in Section 409A(a)(2) of the Code as specified by the Committee in the Grantee’s Award Agreement for the Award of Deferred Stock. Delivery of Shares subject to grant of Restricted Stock Units occurs no later than two and one-half (2½) months after the end of the taxable year in which the Grantee’s rights under such Restricted Stock Units are no longer subject to a substantial risk of forfeiture as defined in final regulations under Section 409A of the Code. In addition, an Award of Deferred Stock may be subject to such substantial risk of forfeiture conditions as the Committee may impose, which conditions may lapse at such times or upon the achievement of such objectives as the Committee shall determine at the time of grant or thereafter. A Grantee awarded Deferred Stock or Restricted Stock Units will have no voting rights with respect to such Deferred Stock or Restricted Stock Units prior to the delivery of Shares in settlement of such Deferred Stock and/or Restricted Stock Units. A Grantee will have the rights to receive Dividend Equivalents in respect of Deferred Stock and/or Restricted Stock Units, which Dividend Equivalents shall be deemed reinvested in additional Shares of Deferred Stock or Restricted Stock Units, as applicable. To the extent that the Grantee has a Termination of Affiliation while the Deferred Stock or Restricted Stock Units remains subject to a substantial risk of forfeiture, such Deferred Stock or Restricted Stock Units shall be forfeited. Notwithstanding anything herein or in any Award Agreement to the contrary, to the extent that distribution of Shares under a Deferred Stock Award (or settlement or distribution under any other Award that constitutes deferred compensation within the meaning of Section 409A of the Code) is triggered by a Grantee’s Termination of Affiliation and the Grantee is a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)) at the time of his Termination of Affiliation, no distribution or settlement may be made before the date which is six (6) months after such Gxxxxxx’s Termination of Affiliation, or, if earlier, the date of the Grantee’s death.

Vesting and Delivery. Except as otherwise determined by the Committee in its sole discretion, your rights with respect to the RSUs subject to this Award Agreement shall become fully vested, and the restrictions set forth in this Award Agreement shall lapse, upon termination of your services as a director of the Company and its Affiliates for any reason, provided that such termination occurs on or after the first anniversary of the date of grant of such RSUs (the “Vesting Date”). On the Vesting Date, the Company shall deliver to you one Share for each RSU awarded to you pursuant to this Award Agreement.

Vesting and Delivery. (a) Subject to the terms and conditions set forth herein and Section 10.6 of the Plan, the Restricted Shares shall vest in full on the first anniversary of the Grant Date (each, a “Vesting Date”), provided Participant continues to be a member of the Trust’s Board of Trustee’s (the “Board”) on such Vesting Date. (b) Each Restricted Share granted hereunder represents the right of the Participant to receive, upon vesting and the satisfaction of any required tax withholding obligation, one share of common beneficial interest, par value $0.01, of the Trust (“Common Stock”). Prior to vesting at the Trust’s election, the shares of Common Stock relating to such restricted shares will either be (i) represented in book-entry form by the transfer agent for the Common Stock, (ii) represented by a certificate held by the Trust or such transfer agent, or (iii) held based upon instructions provided by the Participant. Any certificate relating to the restricted shares shall be registered in the name of the Participant and shall bear an appropriate legend referring to the applicable terms, conditions and restrictions. As soon as practicable after a Vesting Date occurs, the Trust shall either (i) deliver certificate(s) representing the shares of Common Stock vested as of such period to the Participant or its designee (and such certificate shall be registered in the name of the Participant), (ii) have the appropriate number of shares of Common Stock credited to the Participant in book-entry form, or (iii) have the shares of Common Stock held pursuant to instructions provided by the Participant.

Vesting and Delivery. (a) The Participant shall become vested in the RSUs subject hereto as follows (the occurrence of each such event described herein, a “Vesting Event”): (i) One hundred percent (100%) of the total number of RSUs subject hereto shall become vested on the fourth anniversary of the Grant Date, provided (A) the Participant remains in continuous service with the Company through that date, and (B) the Fair Market Value has by then been equal to or exceeded $45.00 per Share for 20 consecutive trading days; or (ii) One hundred percent (100%) of the total number of RSUs subject hereto shall become vested upon (A) the cessation of the Participant’s service with the Company due to his (1) death, (2) Disability or (3) termination by the Company without Cause (as defined below), provided in each case that (B) the Fair Market Value has by then been equal to or exceeded $45.00 per Share for 20 consecutive trading days. (b) Upon the earlier of the fourth anniversary of the Grant Date or the cessation of the Participant’s service with the Company for any reason, after applying Section 2(a)(i) or (ii), as applicable, all then unvested RSUs shall immediately be forfeited by the Participant, without payment of any consideration therefor. (c) Upon the occurrence of a Vesting Event, one Share shall be issuable for each RSU that vests on the date of such Vesting Event, subject to the terms and provisions of the Plan and this Agreement. Thereafter, upon satisfaction of any required tax withholding obligations, the Company shall deliver to the Participant Shares underlying any vested RSUs. In the case of a Vesting Event described in Section 2(a)(i), the delivery will occur as soon as practicable, but in no event later than 15 calendar days after the Vesting Event. In the case of a Vesting Event described in Section 2(a)(ii), the delivery will be made on the first business that occurs at least 30 days following the applicable cessation of employment, provided that, before such date, the Participant (or his estate or personal representative, as applicable) has executed a general release of claims against the Company and its Affiliates in a form reasonably prescribed by the Company and such release has become irrevocable. If release requirement described in the preceding sentence is not timely satisfied, the RSUs and any Shares otherwise issuable in respect thereof will be forfeited and the Participant will have no further rights hereunder. (d) In the event of the death of the Particip...

Vesting and Delivery. (a) Subject to the terms and conditions of the Stock Incentive Plan and this Agreement, the RSUs and any earned PBRSUs shall become vested on March 24, 2021 (the “Vesting Date”), and shares of Common Stock equal to the number of RSUs you were granted plus the number of PBRSUs you earn shall be delivered to you if you have been continuously employed by the Company or one of its subsidiaries within the meaning of Section 424 of the Internal Revenue Code of 1986, as amended (the “Control Group”) from the Date of Grant until the Vesting Date.

Vesting and Delivery. The RSUs will be fully vested on the Grant Date, and the Shares underlying the RSUs shall be delivered on or promptly following the termination of the Grantee’s service as a Non-Employee Director or, if earlier, the date of a Change in Control and, in any case, within 5 business days following such date (the “Delivery Date”). Subject to compliance with Section 4, on the Delivery Date, Artisan shall transfer to the Grantee one unrestricted, fully transferable Share for each RSU scheduled to be paid out on such date and as to which all other conditions have been satisfied. For purposes of this Award Agreement,