Common use of Vesting Date, Adjustment, and Other Restrictions Clause in Contracts

Vesting Date, Adjustment, and Other Restrictions. Subject to the terms and conditions of this Agreement and the Plan, the forfeiture restrictions on the Restricted Stock Units will lapse and the Restricted Stock Units will vest, subject to the Performance Vesting Requirement, on December 15th of the second calendar year following the calendar year in which the Date of Grant occurs (the “Vesting Date”).

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (W&t Offshore Inc), Executive Restricted Stock Unit Agreement (W&t Offshore Inc), Incentive Compensation Plan (W&t Offshore Inc)

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Vesting Date, Adjustment, and Other Restrictions. Subject to the terms and conditions of this Agreement and the Plan, the forfeiture restrictions on the Restricted Stock Units will lapse and the Restricted Stock Units will vest, subject to the Performance Vesting Requirement, on December 15th 14th of the second calendar year following the calendar year in which the Date of Grant occurs (the “Vesting Date”).

Appears in 1 contract

Samples: Incentive Compensation Plan 2016 Executive Restricted Stock Unit Agreement (W&t Offshore Inc)

Vesting Date, Adjustment, and Other Restrictions. Subject to the terms and conditions of this Agreement and the Plan, the forfeiture restrictions on the Restricted Stock Units will lapse and the Restricted Stock Units will vest, subject to the Performance Vesting Requirement, on December 15th of the second calendar year following the calendar year in which the Date of Grant occurs (the “Vesting Date”).. Executive:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (W&t Offshore Inc)

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Vesting Date, Adjustment, and Other Restrictions. Subject to the terms and conditions of this Agreement and the Plan, the forfeiture restrictions on the Restricted Stock Units will lapse and the Restricted Stock Units will vest, subject to the Performance Vesting Requirement, on December 15th 13th of the second calendar year following the calendar year in which the Date of Grant occurs (the “Vesting Date”).

Appears in 1 contract

Samples: Incentive Compensation Plan 2017 Executive Restricted Stock Unit Agreement (W&t Offshore Inc)

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