Common use of Vesting/Delivery of Shares Clause in Contracts

Vesting/Delivery of Shares. The Award shall vest on the date or dates specified in the Vesting Schedule (“Vesting Date” or “Vesting Dates”) with respect to the number of Stock Units specified for such Vesting Date if the Awardee has remained in Continuous Service from the Date of Grant to the applicable Vesting Date. Within ten (10) business days following the date on which the Award vests in a Stock Unit as set forth herein, the Company shall deliver to the Awardee one Share for each Stock Unit in which the Award becomes vested and such Stock Unit shall terminate.

Appears in 5 contracts

Samples: Stock Unit Award Agreement (Deckers Outdoor Corp), Stock Unit Award Agreement (Deckers Outdoor Corp), Stock Unit Award Agreement (Deckers Outdoor Corp)

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Vesting/Delivery of Shares. The Award Awardee shall vest on the date or dates specified in the Vesting Schedule (“Vesting Date” or “Vesting Dates”) with respect to the number of Stock Units specified for such Vesting Date if the Awardee has remained in Continuous Service from the Grant Date of Grant to the applicable Vesting Date. Within ten (10) business days following the date on which the Award Awardee vests in a Stock Unit as set forth herein, the Company shall deliver to the Awardee one Share for each Stock Unit in which the Award Awardee becomes vested and such Stock Unit shall terminate.

Appears in 2 contracts

Samples: Stock Unit Award Agreement (Deckers Outdoor Corp), Stock Unit Award Agreement (Deckers Outdoor Corp)

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Vesting/Delivery of Shares. The Award Awardee shall vest on the date or dates specified in the Vesting Schedule (“Vesting Date” or “Vesting Dates”) with respect to the number of Stock Units specified for such Vesting Date if the Awardee has remained in Continuous Service from the Date of Grant to the applicable Vesting Date. Within ten (10) business days following the date on which the Award Awardee vests in a Stock Unit as set forth herein, the Company shall deliver to the Awardee one Share for each Stock Unit in which the Award Awardee becomes vested and such Stock Unit shall terminate.

Appears in 1 contract

Samples: Stock Unit Award Agreement (Deckers Outdoor Corp)

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