Common use of Vesting; Period of Exercise Clause in Contracts

Vesting; Period of Exercise. If not earlier terminated pursuant to the Plan or terms of this Agreement, this SAR is first exercisable, in the portions indicated in the vesting schedule below, and once so vested remains exercisable until it lapses or terminates as provided herein and in the Plan: If there has not been a Termination of Service then on the following Anniversary(ies) of Grant Date this % of the SARs becomes vested 1 year 20 % 2 years 40 % 3 years 60 % 4 years 80 % 5 years 100 %

Appears in 1 contract

Samples: Stock Appreciation Right (S Y Bancorp Inc)

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Vesting; Period of Exercise. If not earlier terminated pursuant to the Plan or terms of this Agreement, this SAR is first exercisable, in the portions indicated in the vesting schedule below, and once so vested remains exercisable until it lapses or terminates as provided herein and in the Plan: If there has not been a Termination of Service Employment then on the following Anniversary(ies) of Grant Date this % of the SARs becomes vested --------------------------------- --------------------------------- 1 year 20 20% 2 years 40 40% 3 years 60 60% 4 years 80 80% 5 years 100 100%

Appears in 1 contract

Samples: Appreciation Right Grant Agreement (S Y Bancorp Inc)

Vesting; Period of Exercise. If not earlier terminated pursuant to the Plan or terms of this Agreement, this SAR is first exercisable, in the portions indicated in the vesting schedule below, and once so vested remains exercisable until it lapses or terminates as provided herein and in the Plan: . If there has not been a Termination of Separation from Service then on the following Anniversary(ies) SARs will vest as follows: Anniversary of Grant Date this % of the SARs becomes vested Vested 1 year 20 anniversary 20% 2 years 40 year anniversary 40% 3 years 60 year anniversary 60% 4 years 80 % 5 years 100 year anniversary 80%

Appears in 1 contract

Samples: Stock Yards (Stock Yards Bancorp, Inc.)

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Vesting; Period of Exercise. If not earlier terminated pursuant to the Plan or terms of this Agreement, this SAR is first exercisable, in the portions indicated in the vesting schedule below, and once so vested remains exercisable until it lapses or terminates as provided herein and in the Plan: . If there has not been a Termination of Separation from Service then on the following Anniversary(ies) SARs will vest as follows: Anniversary of Grant Date this % of the SARs becomes vested Vested 1 year 20 anniversary 20% 2 years 40 year anniversary 40% 3 years 60 year anniversary 60% 4 years 80 year anniversary 80% 5 years 100 year anniversary 100%

Appears in 1 contract

Samples: Stock Yards (Stock Yards Bancorp, Inc.)

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