Vesting of Restricted Stock Award. The Employee shall become 100% Vested in the Restricted Stock Award on the Full Vesting Date, subject to the other terms and conditions of this Agreement, including this Section 2.
Vesting of Restricted Stock Award. A. Vesting Schedule One-third (1/3) of the Restricted Shares shall vest on each of the first, second and third anniversaries of the Grant Date. Except as provided in Section 2 Subsection B and Section 4 below, Restricted Shares will not vest unless the Employee is, at the time of vesting, an employee of the Company and not under a notice of resignation.
Vesting of Restricted Stock Award. The Restricted Stock Award shall become vested in the installments, on the dates and subject to the conditions set forth in Schedule 4; provided, however, that Grantee must have been continuously employed by the Company or a Subsidiary thereof from the date of grant of the Restricted Stock Award until the date specified on Schedule 4 or until the conditions specified on Schedule 4 have been satisfied.
Vesting of Restricted Stock Award. Except as otherwise provided herein, in the Plan, by the Compensation Committee (the "Committee") and/or the applicable employment agreement (if any), the Restricted Stock will become vested and no longer subject to any restriction on the first business day after the following vesting schedule provided that Grantee is providing Services (defined below) to the Company or one of its Consolidated Subsidiaries [and subject to the satisfaction of applicable Section 162(m)]: [Vesting Schedule]
Vesting of Restricted Stock Award. Except as provided in Paragraphs 4(b) and 6 of this Agreement, the Restricted Stock Units shall vest in accordance with the following schedule, provided the Executive is actively employed by the Company on the dates the restrictions lapse: Date Restrictions Lapse Common Shares to be Issued Total Restricted Stock Award On the date restrictions lapse, the Company shall cause its parent, Xxxxxx Industries, Ltd. to issue a stock certificate or book entry shares in the Executive’s name for the designated number of Common Shares less any Common Shares used to satisfy tax withholding obligations pursuant to Paragraph 5.
Vesting of Restricted Stock Award. [Subject to the provisions of Section 4,] The Shares shall become vested in the installments, on the dates and subject to the conditions set forth in the vesting schedule above; provided, however, that Participant must have been in Continuous Service from the date of grant of the Restricted Stock Award until the later of the date specified in the vesting schedule set forth above or the date on which the conditions specified in the vesting schedule have been satisfied. Stock that has not yet become vested is referred to hereinafter as “Restricted Stock”. Notwithstanding anything in this Agreement to the contrary, all Restricted Stock shall become fully vested if Participant should die while employed or engaged by the Company. Restricted Stock Award Agreement 7/2007
Vesting of Restricted Stock Award. (a) The Restricted Stock Award shall vest in equal installments on each of the first three anniversaries of the Date of Grant (each such date, a “Vesting Date”), provided that the Participant’s employment, tenure or service with the Company and its Affiliates continues through the applicable Vesting Date.
Vesting of Restricted Stock Award. (a) Except as otherwise provided herein, in the Plan, by the Compensation Committee (the "Committee") and/or the applicable employment agreement (if any), the Restricted Stock will become vested and no longer subject to any restriction on the vesting dates indicated below, provided that Grantee is providing Services (defined below) to the Company or one of its Consolidated Subsidiaries [and subject to the satisfaction of applicable Section 162(m) performance criteria, if any, as established by the Committee]. However, in the event that a vesting date occurs on a day when the New York Stock Exchange is closed, then such vesting date will be on the next business day. Vesting Dates Percentage Vesting [Vesting Schedule] [(b) The vesting schedule set forth in Section 2(a) above is subject to the following performance accelerated vesting schedule based on the change in the Company's full year adjusted diluted earnings per share* (as calculated by the Company): Change in EPS Result Total Vesting % Per Year, Including Section 2(a) Incremental Vesting % Above Section 2(a) Negative up to 10% 25 % -0- 10.1–15% 30 % +5 % 15.1–20% 35 % +10 % 20.1–25% 40 % +15 % 25.1–50% 45 % +20 % > 50% 50 % +25 % * As presented in the Company's annual earnings release, after review by the Company's Audit Committee.]
Vesting of Restricted Stock Award. In connection with the execution of the Original Agreement, the Board of Directors of GCA Holdings approved the grant to Executive of sixty-five thousand (65,000) shares of restricted stock (the “Shares”) of GCA Holdings’ pursuant to the Plan and a Notice of Restricted Stock Award and Executive and GCA Holdings entered into a related Restricted Stock Award Agreement (the “Restricted Stock Award Agreement”). Any Shares subject to such Restricted Stock Award Agreement that are held by Executive and that remain unvested shall immediately become fully vested. To the extent any purported conflict between the terms of the Restricted Stock Award Agreement and this Agreement may appear, the terms of this Agreement shall supercede and control the terms of the parties understanding.
Vesting of Restricted Stock Award. Any unvested shares subject to the restricted stock award described in Section 2.4 shall immediately become fully vested. To the extent any purported conflict between the terms of the Restricted Stock Award Agreement and this Agreement may appear, the terms of this Agreement shall supercede and control the terms of the parties understanding.
