Vesting and Delivery of Shares. (a) Subject to the terms and provisions of the Plan and this Agreement, within sixty (60) days after each Vesting Date with respect to the Award, the Company shall issue or transfer to the Participant the number of Shares that vested on such Vesting Date as set forth on the Notice and the Retained Distributions, if any, covered by that portion of the Award. Except as otherwise provided in Sections 5 and 6, the vesting of such RSUs and any Retained Distributions relating thereto shall occur only if the Participant has continued in employment of the Company or any of its Affiliates on the Vesting Date and has continuously been so employed since the Date of Grant (as defined in the Notice).
Vesting and Delivery of Shares. 100% of the shares shall vest, and you will receive a certificate for the shares, on ________, 20__ (the “Vesting Date”). Except as provided herein, the shares will not vest, and you shall not receive a certificate on the Vesting Date, unless you are a current employee of Invacare or a subsidiary on a continuous basis from the date hereof through such Vesting Date.
Vesting and Delivery of Shares. No portion of the Award is vested as of the date hereof. Subject to Section 3 below, the Award granted hereunder will vest as follows: 100% will vest on the first anniversary of the date hereof. Notwithstanding the foregoing, in the event of your (i) death or (ii) involuntary termination of employment by the Company for a reason other than “cause” (as defined below), any then-unvested portion of the Award shall accelerate in full and become 100% vested. Vested Awarded Shares will be delivered to you as soon as practicable following vesting, but in any event no later than 2 1⁄2 months following the calendar year in which such Awarded Shares became vested (or any earlier date, after vesting, required to avoid characterization as non-qualified deferred compensation under Section 409A of the Code). In connection with the delivery of Awarded Shares, par value will be deemed paid for each Awarded Share by past services rendered by you. For purposes of the foregoing, “cause” shall mean: (i) your conviction by a court of competent jurisdiction of, or the pleading of guilty or nolo contendere to, any felony or any crime involving moral turpitude; (ii) gross negligence, breach of fiduciary duty or breach of any confidentiality, non-competition or developments agreement in favor of the Company; (iii) you shall have willfully and continually failed to substantially perform your duties with the Company after a written demand for substantial performance is delivered by the Company, which demand specifically identifies the manner in which the Company believes that you have not substantially performed your duties pursuant to the disciplinary procedures of the Company, and such failure of substantial performance shall have continued for a period of thirty (30) days after such written demand; (iv) you have been chronically absent from work (excluding vacations, illnesses or leaves of absences); (v) the commission by you of an act of fraud, embezzlement or misappropriation against the Company; or (vi) you shall have refused, after explicit notice, to obey any lawful resolution or direction by the Board which is consistent with your duties to the Company.
Vesting and Delivery of Shares. Subject to your continuous service with Invacare (except as provided in Article II) through May __, 2018 (the “Vesting Date”), you will be entitled to receive a number of shares of Invacare common stock (the “Shares”) equal to 100% of the Restricted Stock Units (“RSUs”) granted hereunder. The Shares will be delivered to you no later than sixty (60) days following the Vesting Date, subject to any applicable withholding.
Vesting and Delivery of Shares. You shall vest and will receive a certificate for the percentage of shares indicated on the date shown opposite such percentage, rounded to the nearest whole share: 25% ___ 15, 20__ 25% ___ 15, 20__ 25% ___ 15, 20__ 25% ___ 15, 20__ Except as provided herein, the award will not vest, and you shall not receive a certificate on each vesting date indicated above unless you are a current employee of Invacare or a subsidiary on a continuous basis from the date hereof through such vesting date.
Vesting and Delivery of Shares. The Award shall become vested as to 1/3 of the Earned RSUs on each of December 31, 2009, December 31, 2010, and December 31, 2011. For avoidance of doubt, any RSUs not earned in accordance with Section 2 are deemed forfeited as of the end of the Performance Period and the Grantee will not be eligible to vest in such forfeited RSUs. Subject to the terms of the Plan and Sections 3(b), 3(f), 3(g), and 5(a) hereof, upon or as soon as practicable after vesting of any Earned RSUs hereunder (but in no event later than March 15th of the calendar year following the end of the Period of Restriction applicable to such RSUs), payment with respect to the vested RSUs shall be made in Shares (one Share for each RSU), free of all restrictions otherwise imposed by this Agreement.
Vesting and Delivery of Shares. Unless previously forfeited, Unit will deliver to you, or your designated beneficiary, or if none, to your devisees if death occurs, shares of Unit common stock (in lieu of the shares of restricted stock) under the following:
Vesting and Delivery of Shares. (a) Within thirty (30) days following the Performance Period End Date (as defined in Exhibit A hereto), the Company shall deliver to the Participant the number of shares of Common Stock that correspond to the number of PSUs that become Cumulative Earned PSUs (as defined in Exhibit A hereto) through the Performance Period End Date, provided the Participant is employed in good standing by the Company on the Performance Period End Date.
(b) No fractional shares of Common Stock shall be delivered under this Agreement, and any fractional share that may be deliverable shall be rounded to the nearest whole share.
Vesting and Delivery of Shares. You will be entitled to receive a number of shares of Invacare common stock (the “Shares”) equal to the number of Restricted Stock Units (“RSUs”) granted hereunder. You shall vest in the number of RSUs as indicated on the Vesting Schedule in the Appendix. Invacare will issue you “net shares” on each Vesting Date after withholding the number of shares necessary to cover your withholding tax obligations. Except as provided herein, the award will not vest, and you shall not receive a certificate on each Vesting Date indicated above unless you are a current employee of Invacare or a subsidiary on a continuous basis from the date hereof through such vesting date.
Vesting and Delivery of Shares. The Performance Period (as defined in the Plan) for the performance shares granted hereunder shall start on [Insert Date] and end on [Insert Date]. Subject to your continuous employment with Invacare or a subsidiary (except as provided in the case of your Retirement (as defined in Article II), death or disability) through the final date of the Performance Period (the “Vesting Date”), you will be entitled to receive a number of shares of Invacare common stock (the “Shares”) equal to the number of performance shares that vest based on the levels of achievement of the performance goals set forth in Exhibit A, which may range from 0% to 150% of the Target Number. To the extent vested and deliverable, Invacare will issue you “net shares” on the Vesting Date after withholding the number of shares necessary to cover your withholding tax obligations. The net Shares will be delivered to you no later than sixty (60) days following the Vesting Date.
