Common use of Vesting of Shares Clause in Contracts

Vesting of Shares. 1. None of the Restricted Stock shall vest until , the third anniversary of the date hereof, at which time it shall vest in full. 2. Notwithstanding the foregoing, upon (i) the death or Disability of Grantee, or (ii) a Change in Control, all restrictions shall lapse and all Restricted Stock and Dividends shall thereafter be immediately transferable and non-forfeitable. 3. Upon the Restricted Stock becoming vested, such Shares shall be free of all restrictions provided for in this Section I.

Appears in 5 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Humana Inc), Restricted Stock Agreement (Humana Inc)

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Vesting of Shares. 1. None of the Restricted Stock shall vest until , the third anniversary of the date hereof, at which time it shall vest in full. 2. Notwithstanding the foregoing, upon (i) the death or Disability of Grantee, or (ii) a Change in Control, all restrictions shall lapse and all the Restricted Stock and Dividends shall thereafter be immediately transferable and non-forfeitable. 3. Upon the Restricted Stock becoming vested, such Shares shall be free of all restrictions provided for in this Section I.II.

Appears in 2 contracts

Samples: Stock Option and Restricted Stock Agreement (Humana Inc), Stock Option and Restricted Stock Agreement (Humana Inc)

Vesting of Shares. 1. None of the Restricted Stock shall vest until February 23, 2009, the third anniversary of the date hereof, at which time it shall vest in full. 2. Notwithstanding the foregoing, upon (i) the death or Disability of Grantee, or (ii) a Change in Control, all restrictions shall lapse and all the Restricted Stock and Dividends shall thereafter be immediately transferable and non-forfeitable. 3. Upon the Restricted Stock becoming vested, such Shares shall be free of all restrictions provided for in this Section I.II.

Appears in 1 contract

Samples: Stock Option and Restricted Stock Agreement (Humana Inc)

Vesting of Shares. 1. None of the Restricted Stock shall vest until [Vesting Date], the third [designated anniversary date] anniversary of the date hereof, at which time it shall vest in full. 2. Notwithstanding the foregoing, upon (i) the death or Disability of Grantee, or (ii) a Change in Control, all restrictions shall lapse and all Shares of Restricted Stock and Dividends shall thereafter be immediately transferable and non-forfeitablenonforfeitable. 3. Upon the Shares of Restricted Stock becoming vested, such Shares shall be free of all restrictions provided for in this Section I.

Appears in 1 contract

Samples: Restricted Stock Agreement (Humana Inc)

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Vesting of Shares. 1. None of the Restricted Stock shall vest until [Date], the third [designated anniversary date] anniversary of the date hereof, at which time it shall vest in full. 2. Notwithstanding the foregoing, upon (i) the death or Disability of Grantee, or (ii) a Change in Control, all restrictions shall lapse and all Shares of Restricted Stock and Dividends shall thereafter be immediately transferable and non-forfeitablenonforfeitable. 3. Upon the Shares of Restricted Stock becoming vested, such Shares shall be free of all restrictions provided for in this Section I.

Appears in 1 contract

Samples: Restricted Stock Agreement (Humana Inc)

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