Common use of Vesting and Payment Dates Clause in Contracts

Vesting and Payment Dates. The Award shall not provide you with any rights or interests therein until the Award vests. Unless vesting is accelerated as provided in Section 3 herein or otherwise in the discretion of the Committee as permitted under the Plan, one-third of the Award will vest on each of the first, second and third anniversaries of the Grant Date (each, a “Designated Vesting Date”), and the vested portion will be paid within 30 days of the Designated Vesting Date, provided you have continued in the service of the Company through such Designated Vesting Date.

Appears in 1 contract

Samples: Cash Based Award Agreement (Genworth Financial Inc)

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Vesting and Payment Dates. The Award shall not provide you with any rights or interests therein until the Award vests. Unless vesting is accelerated as provided in Section 3 herein or otherwise in the discretion of the Committee as permitted under the Plan, one-third of the Award will vest on each of the first, second and third anniversaries of the Grant Date (each, a “Designated Vesting Date”), and the vested portion will be paid within 30 days of the Designated Vesting Date, provided you have continued in the service of the Company through such Designated Vesting Date.

Appears in 1 contract

Samples: Cash Based Award Agreement (Genworth Financial Inc)

Vesting and Payment Dates. The Award shall not provide you with any rights or interests therein until the Award vests. Unless vesting is accelerated as provided in Section 3 herein or otherwise in the discretion of the Committee as permitted under the Plan, one-third of the Award will vest on each of the firstMarch 15, second 2020, March 15, 2021, and third anniversaries of the Grant Date March 15, 2022 (each, a “Designated Vesting Date”), and the vested portion will be paid within 30 days of the Designated Vesting Date, provided you have continued in the service of the Company through such Designated Vesting Date.

Appears in 1 contract

Samples: Cash Based Award Agreement (Genworth Financial Inc)

Vesting and Payment Dates. The Award shall not provide you with any rights or interests therein until the Award vests. Unless vesting is accelerated as provided in Section 3 herein or otherwise in the discretion of the Committee as permitted under the Plan, one-third of the Award will vest on each of the first, second and third anniversaries of the Grant Date March 15, 2018 (each, a “Designated Vesting Date”), and the vested portion will be paid within 30 days of the Designated Vesting Date, provided you have continued in the service of the Company through such Designated Vesting Date.

Appears in 1 contract

Samples: Cash Retention Award Agreement (Genworth Financial Inc)

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Vesting and Payment Dates. The Award shall not provide you with any rights or interests therein until the Award vests. Unless vesting is accelerated as provided in Section 3 herein or otherwise in the discretion of the Committee as permitted under the Plan, one-third of the The Award will vest on each of the first, second and third anniversaries of the Grant Date (each, a “Designated Vesting Date”), and the vested portion will be paid within 30 days of the Designated respective Vesting Date, provided you have continued in the service of the Company or one of its Affiliates through such Designated Vesting Date.

Appears in 1 contract

Samples: Cash Retention Award Agreement (Genworth Financial Inc)

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