Vesting of Deferred Stock Units. On the Grant Date, the Deferred Stock Units will be fully vested and shall not be subject to forfeiture.
Vesting of Deferred Stock Units. The Deferred Stock Units shall be fully vested upon the Grant Date specified above.
Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the third anniversary of the Date of Grant, which such date will be November 18, 2011 (the “Vesting Date”), if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that three (3) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan.
(b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”)
(i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the three-year period from the Date of Grant, (ii) after the lapse of a period of two years from the date upon which the Transaction closed, the Grantee elects to retire and either (A) has reached the age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the age of 55 with at least 20 years of service with P&G or Folgers, or (iii) if a Change in Control occurs during the three-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.
Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the fourth anniversary of the Date of Grant, which such date will be (the “Vesting Date”), if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that four-year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Article II, Section 3(b) below. Deferred Stock Units may also be forfeited in the event the Committee determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan.
(b) Notwithstanding the provisions of Article II, Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable if (i) the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the four-year period from the Date of Grant, (ii) at any time during the four-year period from the Date of Grant, the Grantee is age 60 with at least ten years of service with the Company, or (iii) a Change in Control occurs during the four-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.
Vesting of Deferred Stock Units. (a) Subject to the terms and conditions of Sections 1(b), 1(e) and 2 hereof, the Grantee's right to receive the Deferred Stock Units shall vest and become non-forfeitable on the fourth anniversary of the Date of Grant, ________________________, 20___ (the "Deferred Vesting Date" and the period from the Date of Grant to _____________________, 20___ being hereinafter referred to as the "Deferral Period") Notwithstanding the foregoing, if Grantee is subject to the policies of the Company permitting transactions in equity securities of the Company to be effected only during designated "window periods", or if Grantee is otherwise subject to a "trading ban" or similar restrictions that would prevent the redemption of the Deferred Stock Units for Common Stock and/or the subsequent resale of Common Stock on the relevant Deferred Vesting Date, then unless the Grantee otherwise advises the Company in writing, the Deferred Vesting Date of the Deferred Stock Units shall be (in lieu of the date specified above) the first date following the relevant date specified above on which such Grantee would be permitted to effect a redemption of Deferred Stock Units in compliance with applicable Company policies and/or law (as appropriate).
(b) Notwithstanding the provisions of Section 1(a) hereof, if the Grantee ceases to be employed by the Company or a Subsidiary (and otherwise ceases to continue to qualify as a Participant under and for purposes of the Plan) prior to the end of the Deferral Period (other than as a result of his or her death, disability or involuntary termination without "Cause") the Board may in its sole discretion under such circumstances determine that the Grantee's right to receive all or any portion of the Deferred Stock Units that have not become vested and non-forfeitable as of the relevant termination date shall become vested and non-forfeitable as of such termination date. Notwithstanding the provisions of Section 1(a) hereof, if the Grantee dies or becomes permanently disabled prior to the end of the Deferral Period, all of the Deferred Stock Units shall become vested and non-forfeitable as of the day immediately preceding the date on which the Grantee's employment by the Company or any of its Subsidiaries terminated by reason of Grantee's death or permanent disability. Notwithstanding the provisions of Section 1(a) hereof, if the Grantee is involuntarily terminated by the Company without "Cause" (as defined in Section 9(e) of the Plan) prior to the e...
Vesting of Deferred Stock Units. Subject to the Participant’s Continuous Service through the applicable vesting date (except as otherwise provided below), the Participant shall become vested in a percentage of the Deferred Stock Units shown below based upon the level of achievement of [ ] and the following vesting schedule: ny-2037657 v3 Performance will be measured over a [ ] performance period commencing on [ ] and ending on [ ] (the “Performance Period”). If [ ] falls between Threshold Performance and Target Performance or between Target Performance and Maximum Performance, the percentage of the Target Award that vests will be determined by straight-line interpolation. If [ ] is above Maximum Performance, [ ] of the Target Award shall vest and if [ ] is below Threshold Performance, [ ] percent of the Target Award shall vest. If the vesting schedule would result in a fractional Deferred Stock Unit vesting, any such fractional Deferred Stock Unit will be cancelled. Except as provided below or as otherwise determined by the Committee, upon a termination of the Participant’s Continuous Service during the Performance Period, all Deferred Stock Units shall automatically be forfeited as of the date of such termination of Continuous Service.
Vesting of Deferred Stock Units. (a) Except as otherwise provided in Section 3 hereof, 100% of the Deferred Stock Units shall become vested on the earlier of (i) [______________] or (ii) the date of the first annual meeting of the Company’s shareholders following the Date of Grant (such date being a “Vesting Date”), provided that the Grantee’s service as a Non-Employee Director continues through the Vesting Date.
(b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Deferred Stock Units in or during the months, days or periods prior to the Vesting Date, and all vesting of Deferred Stock Units shall occur only on the Vesting Date.
Vesting of Deferred Stock Units. Subject to Paragraph 4 below, the Deferred Stock Units granted hereunder shall vest in accordance with the terms of the DSU Plan.
Vesting of Deferred Stock Units. The Deferred Stock Units shall fully vest and become non-forfeitable immediately upon being credited to Holder's Deferred Stock Unit Account under the Plan.
Vesting of Deferred Stock Units. (a) One-half of the DSUs granted under this Agreement shall be vested on the Date of Grant. Subject to Section 2(b) below, the remaining DSUs shall become vested on the first anniversary of the Date of Grant, subject to the Participant’s continued service as a Non-Officer Director on such date.
