Vesting in General. Employee Units will become Vested Units as follows:
(A) Fifty percent (50%) of the Employee Units granted under this Agreement (the “Time Units”) will vest in forty-eight (48) equal installments on the last day of each calendar month occurring after the date of this Agreement; provided, that the Employee is an employee, whether at-will or otherwise, of an Employer on such date.
(B) Fifty percent (50%) of the Employee Units granted under this Agreement (the “Time-Performance Units”) will vest in sixty (60) equal installments on the last day of each calendar month occurring after the date of this Agreement; provided, that the Employee is an employee, whether at-will or otherwise, of an Employer on such date; further provided that, no such Time-Performance Units will be considered vested unless THL has previously (together with any proceeds to be received concurrently at the time of determination) received in cash proceeds (the “Return”) either as distributions with respect to, or from the sale or disposition of, THL’s initial equity investment in the Company and any subsequent equity investments in the Company (the “Investment”) (excluding any management or transaction fees or expenses but including any amounts received by THL in respect of the cash savings, if any, in U.S. federal income or Iowa franchise taxes as a result of the increase in tax basis of the Company’s assets as a result of the acquisition of the Company’s interests by THL as the date hereof and any other payment made to THL under Section 3.6(b) of the Securityholders’ Agreement) an amount equal to 200% of THL’s Investment (the “Return Hurdle”)..
Vesting in General. Except as otherwise expressly provided in this Section 1 and in Sections 5 and 8, the Option shall become vested as to 25% of the total number of shares of Common Stock subject to the Option (subject to adjustment under Section 16 of the Plan) on the first, second, third and fourth anniversaries of the Award Date (each such date is referred to herein as a “Vesting Date”), provided that the Grantee has been continuously in Service with the Company from the Award Date through each applicable Vesting Date. As used herein, the term “Service” means employment by the Company or a Subsidiary (the date that the Grantee’s Service with the Company terminates is referred to as the “Severance Date”).
Vesting in General. Subject to Section 1.2 below, the Option shall vest and become exercisable in percentage installments of the aggregate number of shares subject to the Option as set forth on the cover page of this Option Agreement. The Option may be exercised only to the extent the Option is vested and exercisable.
Vesting in General. The Forfeiture Restrictions will lapse as to the Restricted Shares that are awarded hereby, and the Participant’s right to sell or other dispose of the Restricted Shares shall vest as follows: [INSERT APPLICABLE VESTING PROVISIONS AS DETERMINED BY COMPENSATION COMMITTEE].
Vesting in General. The Award is subject to the vesting terms and conditions set forth in Exhibit A hereto, incorporated herein by this reference. References herein to this Section 3 include Exhibit A. For clarity, except as expressly provided herein, the vesting date for any Performance Units allocated to a particular Performance Period (as defined in Exhibit A) shall be the date on which the Committee determines the vesting of such Performance Units for that Performance Period in accordance with Exhibit A (the “Determination Date”); provided, however, that the Determination Date shall be not later than two and one-half months after the last day of the Performance Period; and provided, further, that the vesting date of the Performance Units allocated to the first Performance Period hereunder shall be the later of (i) the Determination Date for that Performance Period and (ii) the first anniversary of the Award Date. The Grantee has no right to pro-rated vesting with respect to the Award if his or her services to the Corporation or any corporation or other entity a majority of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Corporation (a “Subsidiary”) terminates before any applicable vesting date with respect to the Award (regardless of the portion of the vesting period the Grantee was in service to the Corporation and/or any of its Subsidiaries).
Vesting in General. [Subject to Sections 3(b) and 8 below, the Award shall vest and become nonforfeitable upon the earlier to occur of (i) the fourth anniversary of the Award Date or (ii) the annual meeting of the Company’s stockholders that occurs in the fourth year following such Award Date.]
Vesting in General. (A) Fifty percent (50%) of the Units granted under this Agreement (the “Time Units”) will vest in forty-eight (48) equal installments on the last day of each calendar month occurring after the date of this Agreement; provided, that the Optionee is an employee, whether at-will or otherwise, of an Employer on such date.
(B) Fifty percent (50%) of the Units granted under this Agreement (the “Time-Performance Units”) will vest in sixty (60) equal installments on the last day of each calendar month occurring after the date of this Agreement; provided, that the Optionee is an employee, whether at-will or otherwise, of an Employer on such date; further provided that, no such Time-Performance Units will be considered vested unless THL has previously (together with any proceeds to be received concurrently at the time of determination) received in cash proceeds (the “Return”) either as distributions with respect to, or from the sale or disposition of, THL’s initial equity investment in the Company and any subsequent equity investments in the Company (the “Investment”) (excluding any management or transaction fees or expenses but including any amounts received by THL in respect of the cash savings, if any, in U.S. federal income or Iowa franchise taxes as a result of the increase in tax basis of the Company’s assets as a result of the acquisition of the Company’s interests by THL as the date hereof and any other payment made to THL under Section 3.6(b) of the Securityholders’ Agreement) an amount equal to 200% of THL’s Investment (the “Return Hurdle”).
(C) Notwithstanding the foregoing, if the Optionee’s employment is terminated by an Employer for Cause, by the Optionee without Good Reason, or due to death or Disability within 18 months of the date of Grant Date, no portion of the Option shall be deemed vested.
Vesting in General. Subject to Sections 3(b), (c) and (d) below, the Award shall vest and become nonforfeitable in two equal installments (subject to adjustment under Section 4.3 of the Plan) with one-half of the total number of Restricted Shares subject to the Award vesting on each of (i) September 21, 2011 and (ii) March 21, 2012.
Vesting in General. Except as otherwise provided in this Agreement, the RSUs shall become vested in the following amounts on the following dates, provided, however, that the portion of the RSUs scheduled to become vested on any such vesting date shall become vested on such vesting date only if the Participant remains continuously employed on a full-time basis with the Corporation or its Subsidiaries from the Grant Date until such vesting date:
Vesting in General. The Forfeiture Restrictions shall lapse as to the shares of Restricted Stock that are awarded hereby, and the Recipient’s right to sell or other dispose of such shares shall vest, in accordance with the following schedule, provided that the Recipient's employment or other service relationship with the Company and its Affiliates has not terminated prior to the applicable lapse date set forth below: Upon the lapse of the Forfeiture Restrictions with respect to the shares of Restricted Stock granted hereby the Company shall cause to be delivered to the Recipient one or more stock certificates or electronic book entries representing such shares, and such shares shall be transferable by the Recipient (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).
