Vesting in General. Employee Units will become Vested Units as follows:
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. 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. 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. 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: Lapse Date Cumulative Vested Percentage of Restricted Stock Award First Anniversary of Grant Date 20 % Second Anniversary of Grant Date 40 % Third Anniversary of Grant Date 60 % Fourth Anniversary of Grant Date 80 % Fifth Anniversary of Grant Date 100 % 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).
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. 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 in accordance with the following schedule, provided that the Participant's employment or other service relationship with the Company and its Affiliates has not terminated prior to the applicable lapse date set forth below: Lapse Date Cumulative Vested Percentage of Restricted Stock Award First Anniversary of Grant Date Second Anniversary of Grant Date Third Anniversary of Grant Date Fourth Anniversary of Grant Date Fifth Anniversary of Grant Date
Vesting in General. A Member shall have a vested and nonforfeitable interest in that vested percentage portion of the balance credited to the Member's Matching Contributions Account at any time determined by reference to his completed years of Vesting Service in accordance with the following schedule: Completed Years Vested of Vesting Service Percentage Less than 1 year 0% 1 year 20% 2 years 40% 3 years 60% 4 years 80% 5 years or more years 100% Accelerated Vesting. A Member shall be fully vested and have a nonforfeitable interest in the balance credited to his Matching Contributions Account if:
Vesting in General. Subject to Sections 3(b) and (c) below, the Award shall vest and become nonforfeitable with respect to one-third (1/3) of the total number of Stock Units (subject to adjustment under Section 9(a) hereof) on October 2, 2024 and with respect to an additional one-twelfth (1/12) of the total number of Stock Units (subject to adjustment under Section 9(a) hereof) on the first trading date of each calendar quarter thereafter for the following eight consecutive calendar quarters (for clarity, the first such quarterly installment scheduled to vest on January 2, 2025). If a fractional Stock Unit results from the application of such vesting schedule, it shall be ignored but (other than as to the last vesting date) shall be added to the Stock Units scheduled to vest on the next applicable vesting 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 (c) below, the Award shall vest and become nonforfeitable with respect to one-twelfth (1/12) of the total number of Stock Units (subject to adjustment under Section 9(a) hereof) on October 1, 2023 and on the first trading date of each calendar quarter thereafter for the following eleven consecutive calendar quarters. If a fractional Stock Unit results from the application of such vesting schedule, it shall be ignored but (other than as to the last vesting date) shall be added to the Stock Units scheduled to vest on the next applicable vesting 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).
