Vesting of Earned Units. Subject to Section 6 of this Agreement, if the Participant remains a Service Provider continuously from the Grant Date, then all Period 1 Earned Units will vest as of December 8, 2018, all Period 2 Earned Units will vest as of December 8, 2019, and all Period 3 Earned Units will vest as of December 8, 2020.
Vesting of Earned Units. Subject to Section 6 of this Agreement, if the Participant remains a Service Provider continuously from the Grant Date, then all Period 1 Earned Units will vest as of December 8, 2019, all Period 2 Earned Units will vest as of December 8, 2020, and all Period 3 Earned Units will vest as of December 8, 2021.
Vesting of Earned Units. Subject to Section 4 below, the Units earned pursuant to Section 2.1 and Section 2.4 (collectively, the “Total Earned Units”), shall vest on the following dates (each a “Vesting Date”) as follows:
3.1 One-half of the Total Earned Units will vest on the date the Company files its Form 10-Q for Q2 of fiscal year 2016; and
3.2 An additional one-half of the Total Earned Units will vest on the third anniversary of the Grant Date. EXAMPLE OF THE EARNING AND VESTING OF UNITS (for illustrative purposes only): Assume you are granted 900 Units. • If the Company’s Adjusted Non-GAAP EBITDA for the Performance Measurement Period equals or is less than the Threshold performance level, no Units will be earned and all 900 Units will be forfeited on the date the Company files its Form 10-Q for Q2 of fiscal year 2016. • If the Company’s Adjusted Non-GAAP EBITDA for the Performance Measurement Period is at the mid-point between the Threshold and Target performance levels (i.e., $___ million of Adjusted Non-GAAP EBITDA), 450 Units will be earned at the end of the Performance Measurement Period. The remaining 450 Units will be forfeited on the date the Company files its Form 10-Q for Q2 of fiscal year 2016. The 450 earned Units will then vest as follows: (i) 225 Units will vest on the date the Company files its Form 10-Q for Q2 of fiscal year 2016; and (ii) 225 Units will vest on the third anniversary of the Grant Date. • If the Company’s (i) Adjusted Non-GAAP EBITDA for the Performance Measurement Period equals or exceeds 100% of the Target performance level (i.e., $_____ million of Adjusted Non-GAAP EBITDA); (ii) Market Share at the conclusion of the Performance Measurement Period equals or is less than the Threshold performance level; and (iii) Revenue equals or is less than the Threshold Performance level, 900 Units will be earned at the end of the Performance Measurement Period but no Performance Multiplier shall apply. The 900 earned Units will then vest as follows: (i) 450 Units will vest on the date the Company files its Form 10-Q for Q2 of fiscal year 2016; and (ii) 450 Units will vest on the third anniversary of the Grant Date. • If the Company’s (i) Adjusted Non-GAAP EBITDA for the Performance Measurement Period equals or exceeds 100% of the Target performance level (i.e., $_____ million of Adjusted Non-GAAP EBITDA); (ii) Market Share at the conclusion of the Performance Measurement Period equals or is less than the Threshold performance level; and (iii) Revenue equ...
Vesting of Earned Units. Subject to section 4 below, the Units earned pursuant to paragraph 2.1 shall vest in their entirety on the third anniversary of the date of award, that is, on June 6, 2016.
Vesting of Earned Units. Subject to Section 4 below, all of the Units earned pursuant to Section 2.1 (the “Total Earned Units”), shall vest on the first business day following the Committee’s certification pursuant to Section 2.3 (the “Vesting Date”).
Vesting of Earned Units. 50% of the Earned Units shall become vested on the Determination Date for the Performance Period. An additional 25% of the Earned Units shall become vested on the first anniversary of the last day of the Performance Period and the remaining 25% of the Earned Units shall become vested on the second anniversary of the last day of the Performance Period, subject to continued employment on the applicable vesting date. If the number of Earned Units is not evenly divisible, then no fractional units shall vest and the installments shall be as equal as possible with the smaller installments vesting first.
Vesting of Earned Units. Subject to Section 4, below, all of the Units earned pursuant to Section 2.1 (the “Total Earned Units”), shall vest on or around the date the Company files its Form 10-K for the fiscal year ending December 31, 2020 (the “Vesting Date”). EXAMPLE OF THE EARNING AND VESTING OF UNITS (for illustrative purposes only): Assume you are granted 1,000 Units. • If the Company’s Revenue and Relative TSR for the Performance Measurement Period both equal or are less than the Threshold performance level, no Units will be earned and all 1,000 Units will be forfeited on or around the date the Company files its Form 10-K for the fiscal year ending December 31, 2020. • If the Company’s Revenue for the Performance Measurement Period is at the mid-point between the Threshold and Target performance levels but the Relative TSR is equal to or less than the Threshold performance level, 250 Units will be earned and the remaining 750 Units will be forfeited on or around the date the Company files its Form 10-K for the fiscal year ending December 31, 2020. • If the Company’s Relative TSR for the Performance Measurement Period equals or exceeds the Target performance level and the Company’s Revenue for the Performance Measurement Period is at the mid-point between Threshold and Target performance levels, 750 Units will be earned and the remaining 250 Units will be forfeited on or around the date the Company files its Form 10-K for the fiscal year ending December 31, 2020.
Vesting of Earned Units. Subject to paragraph 4 below, the Units earned pursuant to paragraph 2.1 shall vest in their entirety on two and one-half years after the date of award, that is, on May 13, 2023.
Vesting of Earned Units. [ ]% of the Earned Units shall become vested on the Determination Date for the Performance Period. The remaining [ ]% of the Earned Units shall become vested on the first anniversary of the last day of the Performance Period, subject to continued employment on the applicable vesting date. If the number of Earned Units is not evenly divisible, then no fractional units shall vest and the installments shall be as equal as possible with the smaller installments vesting first. Please contact executivxxxxxxxxxxxxx@xxxxxxxxxxxxxxx.xxx xx xxx have questions or need to transact on your LTIP Units.
Vesting of Earned Units. Subject to Section 6 of this Agreement, if the Participant remains an Employee of the Company or any of its Affiliates continuously from the Grant Date, then 25% of the Earned Units will vest on each *[specify next four anniversary dates of the grant date]. The period from October 1, through *[specify end date of vesting period] is referred to as the “Vesting Period.”
