Common use of Vesting and Earning of Award Clause in Contracts

Vesting and Earning of Award. Subject to the terms of the Plan, the Award shall be deemed vested and earned upon such date or dates, and subject to such conditions, as are described in this Agreement, including but not limited to the terms of Schedule A, attached hereto. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Charles & Colvard LTD), Restricted Stock Award Agreement (Charles & Colvard LTD), Restricted Stock Award Agreement (Charles & Colvard LTD)

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Vesting and Earning of Award. Subject to the terms of the Plan, the Award shall be deemed vested and earned upon such date or dates, and subject to such conditions, as are described in this Agreement, including but not limited to the terms of Schedule A, attached hereto. The Administrator has sole authority to determine whether and to what degree the Award has vested and vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Pokertek, Inc.), Restricted Stock Award Agreement (Pokertek Inc)

Vesting and Earning of Award. (a) Subject to the terms of the PlanPlan and Code Section 409A, the Award shall be deemed vested and earned upon such date or dates, and subject to such conditions, as are described in this Agreement, including but not limited to the terms of Schedule A, attached hereto. . (b) The Administrator has sole authority to determine whether and to what degree the Award has vested and been earned and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Targacept Inc)

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Vesting and Earning of Award. Subject to the terms of the Plan, the Award shall be deemed vested and earned earned, and the applicable restrictions imposed on such Shares shall lapse, upon such date or dates, and subject to such conditionsconditions (including both Service Measures and Performance Measures), as are described in this Agreement, including but not limited to the terms of Schedule AA and Schedule B, attached hereto. The Administrator has sole and absolute authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Charles & Colvard LTD)

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