Common use of Vesting of Restricted Stock Clause in Contracts

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of Restricted Stock shall become vested on each anniversary of the Date of Grant (each such date being a “Vesting Date”), provided that the Grantee’s employment with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.), Restricted Stock Agreement (Wellcare Health Plans, Inc.), Restricted Stock Agreement (Wellcare Health Plans, Inc.)

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Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of the Restricted Stock shall become vested on each anniversary of in the Date of Grant following amounts, at the following times and upon the following conditions (each such date being a “Vesting Date”), provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Affiliates continues through and on the applicable Vesting Date.: (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Global Telecom & Technology, Inc.), Restricted Stock Agreement (Keenan D Michael)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section Sections 3 and 4 hereof, 25% of the Restricted Stock shall become vested on each anniversary of in the Date of Grant following amounts, at the following times and upon the following conditions (each such date being a “Vesting Date”), provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Subsidiaries continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there : There shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of the Restricted Stock shall become vested in equal quarterly installments on each anniversary the 25thday of every third calendar month for forty-eight months commencing on the Date of Grant (each such date being a “Vesting Date”), provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Subsidiaries continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of the Restricted Stock shall become vested on each anniversary of in the Date of Grant following amounts, at the following times and upon the following conditions (each such date being a “Vesting Date”), provided that the GranteeEmployee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Affiliates continues through and on the applicable Vesting Date.: (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Thompson H Brian)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of the Restricted Stock shall become vested in equal annual installments on each anniversary of the Date of Grant April, 2009, 2010, 2011 and 2012 (each such date being a “Vesting Date”), provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Subsidiaries continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

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Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% one-third of the Restricted Stock shall become vested on each anniversary of the Date of Grant (each such date being a “Vesting Date”), provided that the Grantee’s employment service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% one hundred percent (100%) of the Restricted Stock shall become vested will vest on each anniversary of December 31, 2010 (the Date of Grant (each such date being a “Vesting Date”), provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Subsidiaries continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each the Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

Vesting of Restricted Stock. (a) Except as otherwise provided in Section 3 hereof, 25% of twenty-five percent (25%)of the Restricted Stock shall become vested on each anniversary of will vest six months after the Date of Grant and the remaining shares of Restricted Stock will vest quarterly thereafter (each such date being a “Vesting Date”), with the last quarterly installment vesting on January 25, 2010, provided that the Grantee’s employment or service with the Company, Comprehensive Health Management, Inc. (“CHMI”) or any other Subsidiary Company and its Subsidiaries continues through and on the applicable Vesting Date. (b) Except as otherwise provided in Section 3 hereof, there shall be no proportionate or partial vesting of Restricted Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of Restricted Stock shall occur only on the applicable Vesting Date.

Appears in 1 contract

Samples: Restricted Stock Agreement (Wellcare Health Plans, Inc.)

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