Common use of Vesting and Delivery Dates Clause in Contracts

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b), the RSUs shall vest on [fifth anniversary of the date of grant]. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee of the Company immediately after such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 2 contracts

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc), Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

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Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b) and Section 1(c), the RSUs shall vest 25% annually on [fifth anniversary each of the first four anniversaries of the date of grant]. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee of the Company immediately after through such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 2 contracts

Samples: Restricted Stock Units Award Agreement (MKS Instruments Inc), Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b), the RSUs shall vest on [fifth anniversary of the date of grant]July 22, 2009. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee of the Company immediately after such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b), the RSUs shall vest % on [fifth anniversary each of the first anniversaries of the date of grant]. The RSUs shall become vested on the each vesting date only if Recipient continues to be an employee of the Company immediately after such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b) and Section 1(c), the RSUs shall vest 100% on [fifth the third anniversary of the date of grant]. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee of the Company immediately after such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

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Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b), the RSUs shall vest on [fifth anniversary with respect to one-third of the RSUs on each of the first three anniversaries of the date of grant]. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee a director of the Company immediately after such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b) and Section 1(c), the RSUs shall vest on [fifth anniversary 100% immediately prior to the 2019 annual meeting of the date of grant]Company’s shareholders. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee a director of the Company immediately after through such vesting date. The delivery date for a RSU shall be the date on which such RSU vests.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)

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