Vesting of the RSUs. Subject to earlier expiration, termination or vesting as provided herein, the RSUs will become vested and nonforfeitable as follows:
Vesting of the RSUs. Subject to the terms and provisions of this Agreement and the Plan, if you are continuously employed by the Company or an Affiliate from the Grant Date through the applicable event(s) described below, which occur after the Grant Date and during your continuous employment, then your RSUs shall vest (if at all) and the underlying Shares shall be transferred to you as indicated below:
Vesting of the RSUs. Subject to the other provisions of this Section 2, the RSUs shall vest in accordance with the Vesting Table set forth in the Notice of Grant (the “Vesting Table”). Any fractional RSU resulting from the application of the percentages in the Vesting Table shall be rounded down to the nearest whole number of RSUs. The vesting of your RSU’s shall be subject to such further terms and conditions as are set forth in the offer letter, dated September 18, 2012, between the Company and the Participant, which are incorporated herein by reference.
Vesting of the RSUs. Subject to the other provisions of this Section 2, the RSUs shall vest in accordance with the vesting schedule set forth in the Notice of Grant (the “Vesting Schedule”). Any fractional RSU resulting from the application of the percentages in the Vesting Schedule shall be rounded down to the nearest whole number of RSUs. Within thirty days of each vesting date shown in the Vesting Schedule (the “Vesting Dates”), the Company will issue to the Participant, in certificated or uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such Vesting Date and shall deliver such Shares to the Participant, or to the broker designated by the Participant.
Vesting of the RSUs. Subject to earlier expiration or termination as provided herein, the RSUs will become vested (such date upon which the RSUs vest in full, the “Vesting Date”) as follows:
Vesting of the RSUs. Subject to the other provisions of this Section 2, the RSUs shall vest in accordance with the Vesting Table set forth in the Notice of Grant (the “Vesting Table”). Any fractional RSU resulting from the application of the percentages in the Vesting Table shall be rounded down to the nearest whole number of RSUs. Within thirty days of each vesting date shown in the Vesting Table (the “Vesting Dates”), the Company will issue to the Participant, in certificated or uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such Vesting Date and shall deliver such Shares to the Participant, or to the broker designated by the Participant. It shall be a condition to the vesting of the RSUs on the Vesting Date that the Execution Documents remain valid, binding and enforceable in all respects.
Vesting of the RSUs. The RSUs shall become vested in accordance with, and subject to the conditions described in, Exhibit A to this Award Agreement. At any time, the portion of the RSUs that have become vested is hereinafter referred to as the “Vested Portion” and any portion of the RSUs that are not a Vested Portion is hereinafter referred to as the “Unvested Portion”.
Vesting of the RSUs. Subject to the other provisions of this Section 2, the maximum number of RSUs that shall vest on a particular date (the “Vesting Date”) are set forth on the Vesting Table set forth in the Notice of Grant (the “Vesting Table”). The vesting of the RSUs eligible for vesting as of each Vesting Date shall be subject to the achievement of performance criteria as determined by the Board after reasonable consultation with the Participant. Within 90 days after the first day of the year in which each Vesting Date occurs (or, in the case of the December 31, 2015 Vesting Date, within 90 days after the Grant Date of the RSU), the Company shall notify the Participant of the performance criteria applicable with respect to such Vesting Date. Following each Vesting Date, the Board shall determine the number of RSUs eligible for vesting as of such Vesting Date that have vested based on satisfaction of the applicable performance criteria. The Board shall have the discretion to determine (i) that, based on the satisfaction of such criteria, all, none or any portion of the Target RSUs eligible for vesting have vested, (ii) that, based on exceeding the applicable performance criteria, a number of RSUs equal to up to Maximum RSUs have vested and (iii) that RSUs eligible for vesting have vested notwithstanding that applicable performance criteria have not been satisfied. On or prior to March 15 of the year immediately following the year in which each Vesting Date occurs, the Company will issue to the Participant, in certificated or uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such Vesting Date and shall deliver such Shares to the Participant, or to the broker designated by the Participant. Any RSUs eligible for vesting as of a particular Vesting Date that do not vest shall be automatically forfeited.
Vesting of the RSUs. Subject to earlier termination, acceleration or cancellation of the RSUs as provided in this Agreement and/or the Plan, the RSUs shall vest and be converted to Common Shares issued and delivered to Recipient on the dates set forth in the following vesting table (each a “Vesting Date”), commencing and continuing in accordance with the vesting table; provided, however, that no portion of the RSUs shall vest (and no Common Shares shall be issued and delivered) under this Agreement unless Recipient has remained and is actively employed in good standing with the Corporation on each such Vesting Date: Vesting Date No. of Vested RSUs (No. of Common Shares to be issued & delivered) First Anniversary of the Grant Date: # [next vesting date]: # [next vesting date]: # [next vesting date]: # [etc.] # Subject to the terms and conditions of the Plan and this Agreement (including Paragraphs 6 and 10), on each Vesting Date the then-vested RSUs will be settled and converted to Common Shares (or, in accordance with the Plan and at the discretion of the Administrator, an amount in cash (or combination of Common Shares and cash) equal to the Fair Market Value of the specified number of Common Shares as of the applicable Vesting Date(s)) and, upon such settlement and conversion, each vested RSU shall terminate. As soon as administratively practicable after each Vesting Date, but no later than 30 days following such vesting, Cresco shall issue and deliver the Common Shares (and/or payment) to the Recipient.
Vesting of the RSUs. The aggregate RSU award will cease to be restricted and shall become non-forfeitable and payable to the Grantee as follows: Cumulative Unrestricted Vesting Date Percentage 1st Anniversary of Grant Date 25 % 2nd Anniversary of Grant Date 50 % 3rd Anniversary of Grant Date 75 % 4th Anniversary of Grant Date 100 % Notwithstanding the foregoing provisions of this Paragraph 2, and except as otherwise determined by the Committee, as provided in the Plan or as provided herein, any portion of the RSUs that is not vested at the time of the Grantee’s Termination of Service with the Company and its Subsidiaries will be immediately cancelled and forfeited to the Company.
