Common use of Vesting of Restricted Shares Clause in Contracts

Vesting of Restricted Shares. (a) The Restricted Shares shall become vested and nonforfeitable (“Vested”) if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary through the vesting dates set forth below with respect to the percentage of Restricted Shares set forth next to such date: Vesting Date Percentage of Restricted Shares Vesting on such Vesting Date

Appears in 2 contracts

Samples: Restricted Shares Agreement (Uniti Group Inc.), Restricted Shares Agreement (Communications Sales & Leasing, Inc.)

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Vesting of Restricted Shares. (a) The A ratable portion of the Restricted Shares (subject to such rounding conventions as maintained by the Company from time to time) shall become vested and nonforfeitable vest on each of the Vesting Dates set forth above (each, a VestedVesting Date) if ), provided that the Grantee shall have remained in the continuous employ Continuous Service of the Company or a Subsidiary through the vesting dates set forth below with respect to the percentage of Restricted Shares set forth next to such date: Vesting Date Percentage of Restricted Shares Vesting on such applicable Vesting Date.

Appears in 2 contracts

Samples: Restricted Share Agreement, Restricted Share Agreement (1347 Property Insurance Holdings, Inc.)

Vesting of Restricted Shares. (a) The [ ] of the Restricted Shares shall become vested and nonforfeitable vest on each of the Vesting Dates set forth above (each, a VestedVesting Date) if the ), provided that Grantee shall have remained in the continuous employ of employment or other service with the Company or a Subsidiary (“Continuous Service”) through the vesting dates set forth below with respect to the percentage of Restricted Shares set forth next to such date: Vesting Date Percentage of Restricted Shares Vesting on such applicable Vesting Date.

Appears in 2 contracts

Samples: Restricted Shares Award Agreement (SQL Technologies Corp.), Restricted Shares Award Agreement (SQL Technologies Corp.)

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Vesting of Restricted Shares. (a) The Each number of the Restricted Shares set forth in the Vesting Schedule above shall become vested and nonforfeitable vest on the corresponding date in the Vesting Schedule (each, a VestedVesting Date) if the ), provided that Grantee shall have [remained in the continuous employ employment as _____ of the Company or a Subsidiary]/[continued to provide consulting services to the Company or a Subsidiary under the Consultant Agreement dated ____] (“Continuous Service”) through the vesting dates set forth below with respect to the percentage of Restricted Shares set forth next to such date: Vesting Date Percentage of Restricted Shares Vesting on such applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Shares Award Agreement (SKYX Platforms Corp.)

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