Common use of Vesting of Award Clause in Contracts

Vesting of Award. Subject to the terms of the Plan and this Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% vested and earned on the fourth- (4th-) year anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp)

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Vesting of Award. Subject to the terms of the Plan and this the Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% vested and earned on the fourth- (4th-) fifth-year anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and this Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall become vested and earned with respect to twenty-five percent (25%) of the Award on the first- (1st-) year anniversary of the Grant Date, and with respect to an additional twenty-five percent (25%) of the Award on each annual anniversary of the Grant Date over the following three years, so that the Award shall be deemed 100% fully vested and earned on the fourth- (4th-) year anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable payable, and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and this Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% become fully vested and earned on the fourth- (4th-) year anniversary of the Grant DateDecember 31, 2015. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable payable, and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and this the Agreement (including but not limited to the provisions of Section Sections 2, 4 and Section 5 herein), the Award shall be deemed 100% vested and earned on January 1, 2010, following the fourth- (4th-) year anniversary December 31, 2009 expiration of the Grant DatePerformance Period. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Bb&t Corp)

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Vesting of Award. Subject to the terms of the Plan and this Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% become fully vested and earned on the fourth- (4th-) year anniversary of the Grant DateDecember 31, 2020. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable payable, and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Truist Financial Corp)

Vesting of Award. Subject to the terms of the Plan and this the Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% vested and earned on the fourth- (4th-) year fifth anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and this the Agreement (including but not limited to the provisions of Section 4 and Section 5 herein), the Award shall be deemed 100% vested and earned on the fourth- (4th-) fifth year anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bb&t Corp)

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