Common use of Vesting of Awarded Shares Clause in Contracts

Vesting of Awarded Shares. Subject to Sections 5, 6 and 10 of this Agreement, one-third of the Awarded Shares will vest during the period of your employment with the Company and its Subsidiaries (as defined in Section 13 of this Agreement) on each of the first, second and third anniversaries of the Date of Grant.

Vesting of Awarded Shares. Subject to Sections 5, 6 and 10 Section 5 of this Agreement, one-third ____% of the Awarded Shares will vest during the period of your employment with the Company and its Subsidiaries on (as defined VESTING DATE) in Section 13 of this Agreement) on each of the firstyears [2003, second and third anniversaries of the Date of Grant2004 AND 2005].

Vesting of Awarded Shares. Subject to Sections 5, 6 and 10 Section 5 of this Agreement, one-third 25% of the Awarded Shares will vest during the period of your employment with the Company and its Subsidiaries on (as defined VESTING DATE) in Section 13 of this Agreement) on each of the first, second and third anniversaries of the Date of Grantyears [INSERT YEARS].

Vesting of Awarded Shares. Subject to Sections 5, 6 and 10 Section 5 of this Agreement, one-third of the Awarded Shares will vest during the period of your employment with the Company and its Subsidiaries (as defined in Section 13 12 of this Agreement) on each of the first, second and third anniversaries of the Date of Grant.