Common use of Vesting and Payment Clause in Contracts

Vesting and Payment. (a) The Restricted Units shall vest in four equal installments on each of [the second, third, fourth and fifth anniversaries of the Grant Date] (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections 2(b) or 2(c), all unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four three equal installments on each of [the second, third, fourth and fifth anniversaries anniversary of the Grant Date] Date (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable such Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections Section 2(b) or 2(c), all unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four [ ] equal installments on each of the [ ] anniversary[y] [the second, third, fourth and fifth anniversaries ies] of the Grant Date] Date (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections 2(b) or 2(c), all unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four [ ] equal installments on each of [the second, third, fourth and fifth first [ ] anniversaries of the Grant Date] Date (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable such Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections 2(b) or 2(c), all All unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four [_____] equal installments on each of [the second, third, fourth and fifth anniversaries of the Grant Date_____] (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections Section 2(b) or 2(c), all unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four [____] equal installments on each of the first [the second, third, fourth and fifth anniversaries ____] anniversar[y][ies] of the Grant Date] Date (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections 2(b) or 2(c), all All unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.

Vesting and Payment. (a) The Restricted Units shall vest in four [_____] equal installments on each of the first [the second, third, fourth and fifth anniversaries _____] anniversar[y][ies] of the Grant Date] Date (the “Vesting Dates”); provided that the Participant has not had a Termination prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date. Except as expressly provided in Sections 2(b), or 2(c) or 2(c2(d), all unvested Restricted Units will be forfeited without compensation on the Participant’s Termination for any reason.