Vesting of Stock Units. The Executive shall become fully vested with respect to Stock Units credited to the Account on the January 17th of the year following the year in which such Stock Units are first credited, subject in each case to the Executive’s continued employment through each applicable vesting date, but subject to accelerated vesting as set forth in the Employment Agreement. Except as may be provided in the Employment Agreement, upon the termination of the Executive’s employment with the Company for any reason, all Stock Units that have not vested shall thereupon, and with no further action, be forfeited by the Executive.
Appears in 3 contracts
Samples: Deferred Compensation Agreement (Sl Green Realty Corp), Deferred Compensation Agreement (Sl Green Realty Corp), Deferred Compensation Agreement (Sl Green Realty Corp)
Vesting of Stock Units. The Executive shall become fully vested with respect to Stock Units credited to the Account on the January 17th December 31st of the year following the year in which such Stock Units are first credited, subject in each case to the Executive’s continued employment through each applicable vesting date, but subject to accelerated vesting as set forth in the Employment Agreement. Except as may be provided in the Employment Agreement, upon the termination of the Executive’s employment with the Company for any reason, all Stock Units that have not vested shall thereupon, and with no further action, be forfeited by the Executive.
Appears in 3 contracts
Samples: Deferred Compensation Agreement (Sl Green Realty Corp), Deferred Compensation Agreement (Sl Green Realty Corp), Employment and Noncompetition Agreement (SL Green Operating Partnership, L.P.)
Vesting of Stock Units. The Executive shall become fully vested with respect to Stock Units credited to the Account on the January 17th December 31st of the year following the year in which such Stock Units are first credited, subject in each case to the Executive’s continued employment through each applicable such vesting date, but subject to accelerated vesting as set forth in the Employment AgreementAgreement to the same extent as if this was an award of restricted stock. Except as may be provided in the Employment Agreement, upon the termination of the Executive’s employment with the Company for any reason, all Stock Units that have not vested shall thereupon, and with no further action, be forfeited by the Executive.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Sl Green Realty Corp)
