Common use of Vesting of Stock Units Clause in Contracts

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage % of the Awarded Stock Units % of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 3 contracts

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.), 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.), Incentive Plan Conversion Award (Phinia Inc.)

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Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2023 50% of the Awarded Stock Units February 28, 2024 100% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2026 50% of the Awarded Stock Units February 28, 2027 50% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Borgwarner Inc)

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2022 50% of the Awarded Stock Units February 28, 2023 100% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2025 50% of the Awarded Stock Units February 28, 2026 50% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Borgwarner Inc)

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Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2021 50% of the Awarded Stock Units February 28, 2022 100% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage % of the Awarded Stock Units % of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: Stock Incentive Plan Conversion Award (Phinia Inc.)

Vesting of Stock Units. Subject to the terms and conditions of this Agreement and to the provisions of the Plan, the Stock Units shall vest in accordance with the following schedule, provided that the Employee remains continuously employed or in the service of the Company or an Affiliate through the applicable vesting date: Vesting Date Vested Percentage February 28, 2024 50% of the Awarded Stock Units February 28, 2025 100% of the Awarded Stock Units Notwithstanding the foregoing, if the application of the above vesting schedule would result in the vesting of a fractional Stock Unit, then the number of Stock Units that vest on such date shall be rounded down to the nearest whole number.

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

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