Common use of Vesting and Lapse of Restrictions Clause in Contracts

Vesting and Lapse of Restrictions. (a) Subject to Section 3.1, the Award shall vest in full on the first anniversary of the Award Date (the “Vesting Date”) if the Participant is serving on the Board on such date.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Parexel International Corp), Restricted Stock Agreement (Parexel International Corp), Restricted Stock Agreement (Parexel International Corp)

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Vesting and Lapse of Restrictions. (a) Subject to Section 3.1, the Award shall vest in full on the first anniversary of the Award Date [INSERT DATE] (the “Vesting Date”) if the Participant is serving on the Board on such date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Parexel International Corp)

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