Vesting of Bonus Units Sample Clauses

Vesting of Bonus Units. (a) The Bonus Units subject to this Award shall vest, if at all, only if the Board or the Committee, as the case may be, determines, in its sole discretion, that the Microgy, Inc. (“Microgy”) pipeline gas development team (“PGD-Team”) (comprised of the individuals receiving Awards of Bonus Units on the Grant Date), has made a significant contribution to the advancement of the business of the Company and Microgy. Without limiting the foregoing, the Board has tasked the PGD-Team with the goal of achieving the substantial completion, on or before the Bonus Date, of the work necessary to commence and/or further construction on at least three (3) projects, as well as having one or more additional projects in development (the “Projects”), consisting of standard Microgy multi-tank anaerobic digester systems substantially similar to those currently being developed for the Huckabay project near Stephenville, Texas (the “Huckabay Project”), or such other projects as otherwise have been approved by the Board or the appropriate committee thereof for further commitment of Company resources. The target of (3) projects is inclusive of the Huckabay Project.
Sample 1
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Vesting of Bonus Units. Under the circumstances described in this Section 9.12.B, IronBrand shall be vested with, and the Partnership shall issue such additional Bonus Units (including fractional Units) to IronBrand as may be necessary for IronBrand to be vested with, the number of Bonus Units set forth below:
Sample 1

Related to Vesting of Bonus Units

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the performance goals set forth on the attached Exhibit A and shall be rounded to the nearest whole PSU.

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

  • Vesting of RSUs (a) Subject to Participant’s continued employment with or service to a Company Group Member on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice.

  • Vesting of the Award Except as otherwise provided in Section 3 and Section 5 below, the Restricted Stock Units will vest at such times (the "Vesting Date") and in the percentages set forth below, as long as the Grantee is serving as an employee of the Company on the Vesting Date. Vesting Date Award Percentage of Restricted Stock Units One Year from Grant Date Two Years from Grant Date Three Years from Grant Date 33% 33% 34% The Company shall issue one share of Stock to the Grantee in settlement of each vested Restricted Stock Unit (the "Distributed Shares") at the time the Restricted Stock Unit vests pursuant to any provision of this Agreement. The Distributed Shares shall be represented by a certificate or by a book-entry.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Vesting of Shares The shares acquired hereunder shall vest in accordance with the provisions of this Paragraph 7 and applicable provisions of the Plan, as follows:

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