Common use of Vesting and Payment of Award Clause in Contracts

Vesting and Payment of Award. Earned Awards vest in full on the Vesting Date of Award, provided you are then in employment. Earned Awards that have vested in accordance with the terms of this Agreement shall be payable as a lump sum cash payment to you within 60 days after the Vesting Date of Award.

Appears in 3 contracts

Samples: Incentive Plan Award Agreement (Alion Science & Technology Corp), Term Incentive Plan Award Agreement (Alion Science & Technology Corp), Incentive Plan Award Agreement (Alion Science & Technology Corp)

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Vesting and Payment of Award. Earned Awards vest in full on the Vesting Date of the Award, provided you are then in employment. Earned Awards that have vested in accordance with the terms of this Agreement shall be payable as a lump sum cash payment to you within 60 days after the Vesting Date of Award.

Appears in 1 contract

Samples: Incentive Plan Award Agreement (Alion Science & Technology Corp)

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