Common use of Vesting of Common Stock Clause in Contracts

Vesting of Common Stock. The shares of the Restricted Stock shall vest 25% on June 18, 1999, 25% on June 23, 2000, 25% on June 22, 2001 and 25% on June 21, 2002. Upon termination of a Participant's employment (with or without cause, voluntary, involuntary or for any reason whatsoever except as provided in Sections 3(c) and 3(d)), all Restricted Stock for which the conditions of the applicable provisions of this paragraph (a) have not been satisfied as of the date of such termination of employment shall be forfeited.

Appears in 2 contracts

Samples: Agreement (Oceaneering International Inc), Agreement (Oceaneering International Inc)

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Vesting of Common Stock. The shares of the Restricted Stock shall vest 25% on June 1826, 1998, 25% on June 25, 1999, 25% on June 23, 2000, 2000 and 25% on June 22, 2001 and 25% on June 21, 20022001. Upon termination of a Participant's employment (with or without cause, voluntary, involuntary or for any reason whatsoever except as provided in Sections 3(c) and 3(d)), all Restricted Stock for which the conditions of the applicable provisions of this paragraph (a) have not been satisfied as of the date of such termination of employment shall be forfeited.

Appears in 1 contract

Samples: Agreement (Oceaneering International Inc)

Vesting of Common Stock. The shares of the Restricted Stock shall vest 25% on June 1820, 1997, 25% on June 26, 1998, 25% on June 25, 1999, and 25% on June 23, 2000, 25% on June 22, 2001 and 25% on June 21, 2002. Upon termination of a Participant's employment (with or without cause, voluntary, involuntary or for any reason whatsoever except as provided in Sections 3(c) and 3(d)), all Restricted Stock for which the conditions of the applicable provisions of this paragraph (a) have not been satisfied as of the date of such termination of employment shall be forfeited.

Appears in 1 contract

Samples: Agreement (Oceaneering International Inc)

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Vesting of Common Stock. The shares of the Restricted Stock shall vest 25% on June 1826, 1998, 25% on June 25, 1999, 25% on June 23, 2000, 2000 and 25% on June 22, 2001 and 25% on June 21, 20022001. Upon termination of a Participant's employment (with or without cause, voluntaryvoluntary , involuntary or for any reason whatsoever except as provided in Sections 3(c) and 3(d)), all Restricted Stock for which the conditions of the applicable provisions of this paragraph (a) have not been satisfied as of the date of such termination of employment shall be forfeited.

Appears in 1 contract

Samples: Agreement (Oceaneering International Inc)

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