Common use of Vesting and Release Clause in Contracts

Vesting and Release. Once the Administrator has determined the Achievement Percentage for a Performance Period, 100% of Participant’s Eligible RSUs with respect to such Company TSRs for the Performance Period will vest and be released to Participant on the Vesting Date for that Performance Period, subject to Participant continuing to be a Service Provider through such Vesting Date.

Appears in 3 contracts

Samples: Global Restricted Stock Unit Agreement (Nutanix, Inc.), Global Restricted Stock Unit Agreement (Nutanix, Inc.), Global Restricted Stock Unit Agreement (Nutanix, Inc.)

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Vesting and Release. Once the Administrator has determined the Achievement Percentage for a Performance Period, 100% of Participant’s Eligible RSUs with respect to such Company TSRs for the Performance Period will vest and be released to Participant on the Vesting Date for that Performance Period, subject to Participant continuing to be a Service Provider serve as the Company’s Chief Executive Officer through such Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Yext, Inc.)

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