Common use of Vesting and Forfeiture of Units Clause in Contracts

Vesting and Forfeiture of Units. All Restricted Stock Units shall be unvested unless and until they become vested and nonforfeitable in accordance with this Section 3. Except as otherwise provided below, all Restricted Stock Units shall become vested and nonforfeitable according to the percentage set forth opposite such date of the Grant Date (the “Vesting Date”), provided that the Participant is employed by the Company or any of its affiliates on such date: First Anniversary of Grant Date 33% Second Anniversary of Grant Date 66% Third Anniversary of Grant Date 100% Notwithstanding the foregoing provisions of this Section 3, all of the Restricted Stock Units that have not otherwise vested in accordance with the foregoing provisions of this Section 3 shall become vested and nonforfeitable in accordance with the following.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Interpace Diagnostics Group, Inc.)

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Vesting and Forfeiture of Units. All Restricted Stock Units shall be unvested unless and until they become vested and nonforfeitable in accordance with this Section 32. Except as otherwise provided below, all Restricted Stock Units granted hereunder shall become vested and nonforfeitable according to vest on the percentage set forth opposite such date third anniversary of the Grant Date (the “Vesting Date”), provided that the Participant is employed by the Company or any of its affiliates on such date: First Anniversary of Grant Date 33% Second Anniversary of Grant Date 66% Third Anniversary of Grant Date 100% . Notwithstanding the foregoing provisions of this Section 32, all of the Restricted Stock Units that have not otherwise vested in accordance with the foregoing provisions of this Section 3 2 shall become vested and nonforfeitable in accordance with the following.:

Appears in 1 contract

Samples: Restricted Stock Unit Inducement Agreement (Pdi Inc)

Vesting and Forfeiture of Units. All Restricted Stock Units shall be unvested unless and until they become vested and nonforfeitable in accordance with this Section 3. Except as otherwise provided below, all if the Participant is serving as a member of the Board as of the applicable “Vesting Date” set forth below, the Restricted Stock Units shall become vested and nonforfeitable according to the percentage set forth opposite such date of the Grant Date (the “Vesting Date”), provided that the Participant is employed by the Company or any of its affiliates on such date: First Anniversary of Grant Date 33% Second Anniversary of Grant Date 66% Third Anniversary of Grant Date 33% 66% 100% Notwithstanding the foregoing provisions of this Section 3, all of the Restricted Stock Units that have not otherwise vested in accordance with the foregoing provisions of this Section 3 shall become vested and nonforfeitable in accordance with the following.:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Interpace Diagnostics Group, Inc.)

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Vesting and Forfeiture of Units. All Restricted Stock Units shall be unvested unless and until they become vested and nonforfeitable in accordance with this Section 3. Except as otherwise provided below, all if the Participant is serving as a member of the Board as of the applicable “Vesting Date” set forth below, the Restricted Stock Units shall become vested and nonforfeitable according to the percentage set forth opposite such date date: Vesting Date Cumulative Percentage Vested First Anniversary of the Grant Date (the “Vesting Date”), provided that the Participant is employed by the Company or any Second Anniversary of its affiliates on such date: First Grant Date Third Anniversary of Grant Date 33% Second Anniversary of Grant Date 66% Third Anniversary of Grant Date 100% Notwithstanding the foregoing provisions of this Section 3, all of the Restricted Stock Units that have not otherwise vested in accordance with the foregoing provisions of this Section 3 shall become vested and nonforfeitable in accordance with the following.:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Pdi Inc)

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