Vesting and Forfeiture of Stock Units Sample Clauses

Vesting and Forfeiture of Stock Units. Subject to earlier vesting only in the situations and under the terms which are explicitly provided for in the following paragraphs, on the Vesting Date the Participant shall become vested in the Stock Units and Stock Unit Account subject to this Agreement, so long as the Participant both (i) continues to serve on the Board until the Vesting Date and (ii) continues to serve as the Interim Chief Executive Officer of the Company during the portion of the Vesting Period for which the Board wants the Participant to serve in that capacity.
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Vesting and Forfeiture of Stock Units. Section 3.1
Vesting and Forfeiture of Stock Units 

Related to Vesting and Forfeiture of Stock Units

  • Vesting of Restricted Stock Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or a Subsidiary on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

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