Vesting: Normal Vesting Sample Clauses
The 'Vesting: Normal Vesting' clause defines the standard schedule by which an individual earns rights to equity or benefits over time, rather than receiving them all at once. Typically, this means that shares or options are granted gradually, often with a one-year cliff followed by monthly or quarterly vesting over several years. This approach incentivizes continued service or employment and protects the company by ensuring that only those who remain involved for a set period receive the full benefit, thereby aligning interests and reducing the risk of early departures.
Vesting: Normal Vesting. Subject to an Employee’s continued employment through each applicable vesting date, Emergence Awards will vest 25% on each of the first four (4) anniversaries of the Emergence Date. RSUs will be settled as soon as practicable following vesting.
Vesting: Normal Vesting. Subject to an Employee’s continued employment through each applicable vesting date, Emergence Grants will vest 25% on the Emergence Date and 25% on each of the first three (3) anniversaries of the Emergence Date. Accelerated
Vesting: Normal Vesting. The Project 350 Award will vest if the following two vesting conditions are met: