Common use of Vesting Dates Percentage Vesting Clause in Contracts

Vesting Dates Percentage Vesting. On the date listed below which is closest to the one year anniversary of the grant date on or after such anniversary date and annually thereafter on said date: • February 15 • May 15 • August 15 • November 15 Vesting Date on or after*: • First Anniversary – 34% • Second Anniversary – 33% • Third Anniversary – 33% *(rounded up to the nearest whole share) Notwithstanding the foregoing, Participant shall be entitled to vote the shares of Restricted Stock and receive dividends thereon while the Restricted Stock is outstanding to the extent herein set forth. Any stock dividends or other shares of Company stock or other property issued in respect of Restricted Stock, including without limitation, shares issued in connection with stock splits and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock with respect to which such dividends were credited. Any cash dividends paid in respect of Restricted Stock will be accumulated and paid, without interest, if and at the time of vesting (i.e., expiration of the Restricted Period) or, if earlier, the lapse of restrictions with respect to the Restricted Stock with respect to which the dividends were credited; provided, however, no cash dividends will be paid with respect to any Restricted Stock that does not vest and is forfeited.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Owens & Minor Inc/Va/), Restricted Stock Agreement (Owens & Minor Inc/Va/)

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Vesting Dates Percentage Vesting. On the date listed below which is closest to the one year anniversary of the grant date on or after such anniversary date and annually thereafter on said date: • February 15 • May 15 • August 15 • November 15 Vesting Date on or after*: • First Anniversary – 34% • Second Anniversary – 33% • Third Anniversary – 33% *(rounded up to the nearest whole share) Participant shall not be entitled to vote the shares of Common Stock covered by the Restricted Stock Units. Notwithstanding any of the foregoing, Participant shall be entitled to vote receive dividends on the shares of Common Stock covered by the Restricted Stock and receive dividends thereon Units, while the Restricted Stock is outstanding Units are outstanding, to the extent herein set forth. Any stock dividends or other shares of Company stock or other property issued in respect of the number of shares of Common Stock covered by the Restricted StockStock Units, including without limitation, shares issued in connection with stock splits and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock Units with respect to which such dividends were are credited. Any cash dividends paid in respect of the shares of Common Stock covered by the Restricted Stock Units will be accumulated and paid, without interest, if and at the time of vesting (i.e., expiration of the Restricted Period) or, if earlier, the lapse of restrictions with respect to the Restricted Stock Units with respect to which the dividends were are credited; provided, however, no stock dividends or other shares of Company stock or other property or cash dividends will be paid with respect to any Restricted Stock Units that does do not vest and is are forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/)

Vesting Dates Percentage Vesting. On the date listed below which is closest to the one year anniversary of the grant date on or after such anniversary date and annually thereafter on said date: • February 15 • 15· May 15 • 15· August 15 • 15· November 15 Vesting Date on or after*: • First Anniversary – 34% • Second Anniversary – 33% • Third Anniversary – 33% *(rounded up to the nearest whole share) Participant shall not be entitled to vote the shares of Common Stock covered by the Restricted Stock Units. Notwithstanding any of the foregoing, Participant shall be entitled to vote receive dividends on the shares of Common Stock covered by the Restricted Stock and receive dividends thereon Units, while the Restricted Stock is outstanding Units are outstanding, to the extent herein set forth. Any stock dividends or other shares of Company stock or other property issued in respect of the number of shares of Common Stock covered by the Restricted StockStock Units, including without limitation, shares issued in connection with stock splits and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock Units with respect to which such dividends were are credited. Any cash dividends paid in respect of the shares of Common Stock covered by the Restricted Stock Units will be accumulated and paid, without interest, if and at the time of vesting (i.e., expiration of the Restricted Period) or, if earlier, the lapse of restrictions with respect to the Restricted Stock Units with respect to which the dividends were are credited; provided, however, no stock dividends or other shares of Company stock or other property or cash dividends will be paid with respect to any Restricted Stock Units that does do not vest and is are forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/)

Vesting Dates Percentage Vesting. On the date listed below which is closest to the one year anniversary of the grant date on or after such anniversary date and annually thereafter on said date: • February 15 • 15· May 15 • 15· August 15 • 15· November 15 Vesting Date on or after*: • First Anniversary – 34% • Second Anniversary – 33% • Third Anniversary – 33% *(rounded up to the nearest whole share) Notwithstanding the foregoing, Participant shall be entitled to vote the shares of Restricted Stock and receive dividends thereon while the Restricted Stock is outstanding to the extent herein set forth. Any stock dividends or other shares of Company stock or other property issued in respect of Restricted Stock, including without limitation, shares issued in connection with stock splits and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock with respect to which such dividends were credited. Any cash dividends paid in respect of Restricted Stock will be accumulated and paid, without interest, if and at the time of vesting (i.e., expiration of the Restricted Period) or, if earlier, the lapse of restrictions with respect to the Restricted Stock with respect to which the dividends were credited; provided, however, no cash dividends will be paid with respect to any Restricted Stock that does not vest and is forfeited.

Appears in 1 contract

Samples: Restricted Stock Agreement (Owens & Minor Inc/Va/)

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Vesting Dates Percentage Vesting. On the date listed below which is closest to the one year anniversary of the grant date on or after such anniversary date and annually thereafter on said date: • February 15 • May 15 • August 15 • November 15 Vesting Date on or after*: • First Anniversary – 34% • Second Anniversary – 33% • Third Anniversary – 33% *(rounded up to the nearest whole share) Participant shall not be entitled to vote the shares of Common Stock covered by the RSUs that remains subject to the restrictions set forth above. Notwithstanding any of the foregoing, Participant shall be entitled to vote receive dividends on the shares of Restricted Common Stock and receive dividends thereon covered by the RSUs, while the Restricted Stock is outstanding RSUs are outstanding, to the extent herein set forth. Any stock dividends or other shares of Company stock or other property issued in respect of Restricted Stockthe number of shares of Common Stock covered by the RSUs, including without limitation, shares issued in connection with stock splits and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock RSUs with respect to which such dividends were are credited. Any cash dividends paid in respect of Restricted the shares of Common Stock covered by the RSUs will be accumulated and paid, without interest, if and at the time of upon vesting (i.e., expiration of the Restricted Period) or, if earlier, the lapse of restrictions with respect to the Restricted Stock RSUs with respect to which the dividends were are credited; provided, however, no stock dividends or other shares of Company stock or other property or cash dividends will be paid with respect to any Restricted Stock RSUs that does do not vest and is are forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Owens & Minor Inc/Va/)

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