Common use of Vesting of RSUs Clause in Contracts

Vesting of RSUs. The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ______ anniversaries of the Date of Grant if the Grantee remains in the continuous employment of the Company or a Subsidiary until each such date (the period from the Date of Grant until the last such anniversary of the Date of Grant, the “Vesting Period”). Subject to the terms of the Plan, any RSUs that do not so become nonforfeitable will be forfeited, including if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Ceco Environmental Corp), Restricted Stock Units Agreement (Ceco Environmental Corp)

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Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ______ anniversaries of _____________________________, conditioned upon the Date of Grant if the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date dates (the period from the Date of Grant until the last such anniversary of the Date of Grant_______ __, 20__, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Horizon Global Corp), Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first __________ anniversaries anniversary of the Date of Grant if Grant, conditioned upon the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date (the period from the Date of Grant until the last such the___________ anniversary of the Date of Grant, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ________ anniversaries anniversary of the Date of Grant if Grant, conditioned upon the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date (the period from the Date of Grant until the last such _________ anniversary of the Date of Grant, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of July 1, 2018, conditioned upon the first ______ anniversaries of the Date of Grant if the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date (the period from the Date of Grant until the last such anniversary of the Date of GrantJuly 1, 2018, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable vested and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ______ three anniversaries of the Date of Grant October 17, 2018 if the Grantee remains in the continuous employment of the Company or a Subsidiary until each such date (each such date a “Vesting Date” and the period from the Date of Grant until the last such anniversary of the Date of GrantOctober 17, 2021, the “Vesting Period”). Subject to the terms of the Plan, any RSUs that do not so become nonforfeitable vested will be forfeited, including including, except as provided in Section 4(b) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (NRC Group Holdings Corp.)

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Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first _____________, _______ anniversaries of and _______, conditioned upon the Date of Grant if the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date dates (the period from the Date of Grant until the last such anniversary of the Date of Grant__________, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ______ anniversaries of ______, conditioned upon the Date of Grant if the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date (the period from the Date of Grant until the last such anniversary of the Date of Grant___________, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

Vesting of RSUs. (a) The RSUs covered by this Agreement shall become nonforfeitable and payable to the Grantee pursuant to Section 5 hereof in substantially equal installments on each of the first ______ anniversaries second anniversary of the Date of Grant if Grant, conditioned upon the Grantee remains in the Grantee’s continuous employment of with the Company or a Subsidiary until each through such date (the period from the Date of Grant until the last such second anniversary of the Date of Grant, the “Vesting Period”). Subject to the terms of the Plan, any Any RSUs that do not so become nonforfeitable will be forfeited, including including, except as provided in Section 4(b) or Section 4(c) below, if the Grantee ceases to be continuously employed by the Company or a Subsidiary prior to the end of the Vesting Period. For purposes of this Agreement, “continuously employed” (or substantially similar terms) means the absence of any interruption or termination of the Grantee’s employment with the Company or a Subsidiary. Continuous employment shall not be considered interrupted or terminated in the case of transfers between locations of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horizon Global Corp)

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