Common use of Vesting Restrictions Clause in Contracts

Vesting Restrictions. On the applicable vesting date, the restrictions on each Share (subject to adjustment under the Plan) shall lapse and the Shares made available to the Participant or, in the event of the Participant’s death, to the Participant’s estate or heirs, provided that the Participant has remained in Continuous Status as an Employee or Consultant through such vesting date, has satisfied all obligations with regard to the Tax-Related Items (as defined below) in connection with the Award, and that the Participant has completed, signed and returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of such Shares. No fractional Shares will be issued under this Agreement.

Appears in 3 contracts

Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc)

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Vesting Restrictions. On the applicable vesting date, the restrictions on each Share (subject to adjustment under the Plan) shall will lapse and the Shares will be made available to the Participant or, in the event of the Participant’s death, to the Participant’s estate or heirs, provided that the Participant has remained in Continuous Status as an Employee or Consultant through such vesting date, has satisfied all obligations with regard to the Tax-Related Items (as defined below) in connection with the Award, and that the Participant has completed, signed and returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of such the Shares. No fractional Shares shares will be issued under this Agreement.. Omnibus Equity Incentive Plan - ISA Agreement - 1 Rev. Jun. 2022

Appears in 1 contract

Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc)

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Vesting Restrictions. On the applicable vesting date, the restrictions on each Share (subject to adjustment under the Plan) shall lapse and the Shares made available to the Participant or, in the event of the Participant’s death, to the Participant’s estate or heirs, provided that the Participant has remained in Continuous Status as an Employee or Consultant through such vesting date, has satisfied all obligations with regard to the Tax-Related Items (as defined below) in connection with the Award, and that the Participant has completed, signed and returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of such Shares. No fractional Shares will be issued under this Agreement.

Appears in 1 contract

Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc)

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