Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. The RSUs will vest on the third anniversary of the Grant Date (the “Vesting Date”), provided that Grantee remains continuously employed by the Company or one of its Subsidiaries (except as provided in paragraph 2.c and 2.d of this Agreement) during the entire period that begins on the Grant Date and ends on the Vesting Date (the “Restricted Period”).

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Evergy Kansas Central, Inc.), Restricted Stock Unit Agreement (Evergy Kansas Central, Inc.), Restricted Stock Unit Agreement (Evergy Kansas Central, Inc.)

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Vesting of RSUs. The RSUs will vest on the third anniversary of the Grant Date (the “Vesting Date”), provided that Grantee remains continuously employed by the Company or one of its Subsidiaries (except as provided in paragraph 2.c and 2.d of this Agreement) during the entire period that begins on the Grant Date and ends on the Vesting Date (the “Restricted Period”).. The number of RSUs that vest on the Vesting Date will be determined in the manner described in Appendix A.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Evergy Kansas Central, Inc.), Restricted Stock Unit Agreement (Westar Energy Inc /Ks)

Vesting of RSUs. The RSUs will vest ratably over a three-year period (in approximately equal one-third (1/3) increments) on the first, second, and third anniversary anniversaries of the Grant Date (each anniversary a "Vesting Date" and, collectively, the “Vesting DateDates”), provided that Grantee remains continuously employed by the Company or one of its Subsidiaries (except as provided in paragraph 2.c and 2.d of this Agreement) during the entire period that begins on the Grant Date and ends on the each Vesting Date (the “Restricted Period”).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Evergy Kansas Central, Inc.)

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Vesting of RSUs. The As set forth in the chart above, the RSUs will vest on the third anniversary of the Grant Date (the “Vesting Date”), provided that as long as the Grantee remains continuously employed by the Company or one of its Subsidiaries (except as provided in paragraph 2.c and 2.d of this Agreement) during the entire period that begins on the Grant Date and ends on a Subsidiary until the Vesting Date (Date, unless otherwise provided by Sections 5 or 8 below. The Grantee will have no rights to the “Restricted Period”)shares of Stock until the RSUs have vested. Prior to settlement, the RSUs represent an unfunded and unsecured obligation of the Company.

Appears in 1 contract

Samples: Time Based Restricted Stock Unit Award Agreement (McDonalds Corp)

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