Common use of Vesting Period and Rights Clause in Contracts

Vesting Period and Rights. The Award will vest in four equal installments on the first four anniversaries of the Grant Date (each “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUs”.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Vesting Period and Rights. The Award will vest in four equal installments on the first four anniversaries of the Grant Date (each “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUs”.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), 2020 Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Vesting Period and Rights. The Award will vest in four five equal installments on the first four five anniversaries of the Grant Date (each “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) or paragraph (d) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Performance Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUsPRSUs”.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Vesting Period and Rights. The Award will vest in four three equal installments on the first four three anniversaries of the Grant Date (each “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUs”.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Vesting Period and Rights. The Award will vest in four three equal installments on the first four three anniversaries of the Grant Date (each “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) or paragraph (d) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Performance Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUsPRSUs”.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Vesting Period and Rights. The Award will vest in four equal installments full on ___________, 20__ (i.e., the first four anniversaries date that is the three (3) year anniversary of the Grant Date date of grant) (each the “Vesting Date”), unless the Award terminates or vests earlier in accordance with paragraph (c) below or Section 4 or 5 hereof. Subject to the provisions of Sections 4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Restricted Stock Units that have been vested as described above are referred to herein as “Vested RSUs”.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Pedic International Inc)

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