Common use of Vesting/Delivery of Shares Clause in Contracts

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as provided in Section 2(a)(iii) or Section 2(c)) on the basis of one Restricted Stock Unit to one share of Stock, and any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four annual installments as follows: [●] Restricted Stock Units shall vest on [●], 2018; [●] Restricted Stock Units shall vest on [●], 2019; [●] Restricted Stock Units shall vest on [●], 2020; and [●] Restricted Stock Units shall vest on [●], 2021. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued).

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as (or other consideration to the extent provided in Section 2(a)(iii2(c) or Section 2(cbelow)) on the basis of one Restricted Stock Unit to one share of Stock, and Stock plus any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four annual installments as follows: [●] «M_2016» Restricted Stock Units shall vest on [●]February 11, 20182017; [●] «M_2017» Restricted Stock Units shall vest on [●]February 11, 20192018; [●] «M_2018» Restricted Stock Units shall vest on [●]February 11, 20202019; and [●] «M_2019» Restricted Stock Units shall vest on [●]February11, 20212020. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued).

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as provided in Section 2(a)(iii) or Section 2(c)) on the basis of one Restricted Stock Unit to one share of Stock, and any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four three annual installments as follows: [●] <<33%_of_RSU_Number>> Restricted Stock Units shall vest on [●]March 8, 20182019; [●] <<33%_of_RSU_Number>> Restricted Stock Units shall vest on [●]March 8, 20192020; [●] and <<33%_of_RSU_Number>> Restricted Stock Units shall vest on [●], 2020; and [●] Restricted Stock Units shall vest on [●]March 8, 2021. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s 's Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued). (3) Subject to Section 2(d) below, shares of Stock will be delivered as soon as reasonably practicable following a vesting date described above, but no later than December 31 of the year in which such vesting date occurs.

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as provided in Section 2(a)(iii2(a)(3) or Section 2(c)) on the basis of one Restricted Stock Unit to one share of Stock, and any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four three annual installments as follows: [●] ___ Restricted Stock Units shall vest on [●]February 25, 20182021; [●] ___ Restricted Stock Units shall vest on [●]February 25, 20192022; [●] and ___ Restricted Stock Units shall vest on [●]February 25, 2020; and [●] Restricted Stock Units shall vest on [●], 20212023. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued). (3) Subject to Section 2(d) below, shares of Stock will be delivered as soon as reasonably practicable following a vesting date described above, but no later than December 31 of the year in which such vesting date occurs.

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as provided in Section 2(a)(iii2(a)(3) or Section 2(c)) on the basis of one Restricted Stock Unit to one share of Stock, and any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four three annual installments as follows: [●] 12,277 Restricted Stock Units shall vest on [●]March 8, 20182019; [●] 12,277 Restricted Stock Units shall vest on [●]March 8, 20192020; [●] and 12,278 Restricted Stock Units shall vest on [●], 2020; and [●] Restricted Stock Units shall vest on [●]March 8, 2021. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued). (3) Subject to Section 2(d) below, shares of Stock will be delivered as soon as reasonably practicable following a vesting date described above, but no later than December 31 of the year in which such vesting date occurs.

Vesting/Delivery of Shares. (1) Subject to the following provisions of this Section 2 and the other terms and conditions of this Agreement, the Award shall become vested (meaning that the Employee shall be entitled to receive a certain number of shares of Stock as provided in Section 2(a)(iii2(a)(3) or Section 2(c)) on the basis of one Restricted Stock Unit to one share of Stock, and any related Deferred Dividend Shares shall become vested only upon the vesting of the underlying Restricted Stock Unit. The Award will vest in four three annual installments as follows: [●] Restricted Stock Units shall vest on [●]February 27, 20182020; [●] Restricted Stock Units shall vest on [●]February 27, 2019; [●] Restricted Stock Units shall vest on [●], 20202021; and [●] Restricted Stock Units shall vest on [●]February 27, 20212022. (2) Except as provided in Section 2(b) and 2(c) below, in the event of termination of the Employee’s Employment prior to the applicable date above, all unvested Restricted Stock Units shall immediately and automatically terminate and be forfeited (and no shares of Stock in respect of such Award that have not previously vested shall thereafter be issued). (3) Subject to Section 2(d) below, shares of Stock will be delivered as soon as reasonably practicable following a vesting date described above, but no later than December 31 of the year in which such vesting date occurs.