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)(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 three annual installments as follows: [●] Restricted Stock Units shall vest on February 27, 2020; [●] Restricted Stock Units shall vest on February 27, 2021; and [●] Restricted Stock Units shall vest on February 27, 2022.

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)(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 three annual installments as follows: [●] ___ Restricted Stock Units shall vest on February 2725, 20202021; [●] ___ Restricted Stock Units shall vest on February 2725, 20212022; and [●] ___ Restricted Stock Units shall vest on February 2725, 20222023.

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)(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 three annual installments as follows: [●] 12,277 Restricted Stock Units shall vest on February 27March 8, 20202019; [●] 12,277 Restricted Stock Units shall vest on February 27March 8, 20212020; and [●] 12,278 Restricted Stock Units shall vest on February 27March 8, 20222021.

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)(32(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 three annual installments as follows: [●] <<33%_of_RSU_Number>> Restricted Stock Units shall vest on February 27March 8, 20202019; [●] <<33%_of_RSU_Number>> Restricted Stock Units shall vest on February 27March 8, 20212020; and [●] <<33%_of_RSU_Number>> Restricted Stock Units shall vest on February 27March 8, 20222021.