Common use of Vesting Rules Clause in Contracts

Vesting Rules. Your ability to receive a payment in respect of an RSU will depend upon the vesting provisions associated with the RSU. Subject to the Tax Deferral Opportunity discussion set forth in (4) below, your RSU’s will be paid to you as they become vested. In the event that you terminate employment or are no longer in the service of the Company for any reason other than (i) death while in the employ of the Company or any Subsidiary or serving as a member of the Board, (ii) on account of Total and Permanent Disablement, or (iii) a termination of employment within one year after a Change of Control of the Company (as such terms are defined in the Standard Terms and Conditions or the Plan) for any reason other than for Cause (as defined in the Standard Terms and Conditions), Retirement or voluntary resignation by the Participant, all of your previously unvested RSU’s will be forfeited. If your employment or service with the Company was terminated for one of the three reasons set forth above, your previously unvested RSU’s would become fully vested as of the date of the termination of employment or service and, subject to the deferral features set forth below, you will receive a payment in respect of the RSU’s based upon their value at the time of your termination of employment or service. If you are a “key employee”, as defined in applicable Federal tax law, the Company shall be entitled to defer payment to you for six months following the date of your termination of employment. If you have not terminated employment or service, your RSU’s will be subject to the following vesting schedule: Date of Termination % of RSU’s Vested On or after but before — % On or after but before — % On or after but before — % On or after but before — %

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Advisory Board Co)

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Vesting Rules. Your ability to receive a payment in respect of an RSU will depend upon the vesting provisions associated with the RSU. Subject to the Tax Deferral Opportunity discussion set forth in Section (4) below, your RSU’s RSUs will be paid to you as they become vested. In the event that you terminate employment or are no longer in the service of the Company for any reason other than (i) death while in the employ of the Company or any Subsidiary or while serving as a member of the Board, (ii) on account of Total and Permanent Disablement, or (iii) a termination of employment within one year after a Change of Control of the Company (as such terms are defined in the Standard Terms and Conditions or the Plan) for any reason other than for Cause (as defined in the Standard Terms and Conditions), Retirement death, Total and Permanent Disablement, or voluntary resignation by the Participantyou, all of your previously then-unvested RSU’s RSUs will be forfeited. If your employment or service with the Company was terminated for one of the three reasons set forth above, your previously then-unvested RSU’s RSUs would become fully vested as of the date of the termination of employment or service and, subject to the deferral features set forth below, you will would receive a payment in respect of the RSU’s RSUs based upon their value at the time of your termination of employment or service. If you are a “key employee”, as defined in applicable Federal tax law, the Company shall be entitled to defer payment to you for six months following the date of your termination of employment. If you have not terminated employment or service, your RSU’s Your RSUs will be subject to the following vesting schedule: Anniversary of the Grant Date of Termination % of RSU’s Vested On or after but before — % On or after but before — % On or after but before — % On or after but before — %RSUs to Vest

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Advisory Board Co)

Vesting Rules. Your ability to receive a payment in respect of an RSU will depend upon the vesting provisions associated with the RSU. Subject to the Tax Deferral Opportunity discussion set forth in (4) below, your RSU’s will be paid to you as they become vested. In the event that you terminate employment or are no longer in the service of the Company for any reason other than (i) death while in the employ of the Company or any Subsidiary or serving as a member of the Board, (ii) on account of Total and Permanent Disablement, (iii) Retirement or (iiiiv) a termination of employment within one year after a Change of Control of the Company (as such terms are defined in the Standard Terms and Conditions or the Plan) for any reason other than for Cause (as defined in the Standard Terms and Conditions), Retirement ) or voluntary resignation by the Participant, all of your previously unvested RSU’s will be forfeited. If your employment or service with the Company was terminated for one of the three four reasons set forth above, your previously unvested RSU’s would become fully vested as of the date of the termination of employment or service and, subject to the deferral features set forth below, you will receive a payment in respect of the RSU’s based upon their value at the time of your termination of employment or service. If you are a “key employee”, as defined in applicable Federal tax law, the Company shall be entitled to defer payment to you for six months following the date of your termination of employment. If you have not terminated employment or service, your RSU’s will be subject to the following vesting schedule: Date of Termination % of RSU’s Vested On or after but before % On or after but before % On or after but before % On or after but before %

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Advisory Board Co)

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Vesting Rules. Your ability to receive a payment in respect of an RSU will depend upon the vesting provisions associated with the RSU. Subject to the Tax Deferral Opportunity discussion set forth in Section (4) below, your RSU’s will be paid to you as they become vested. In the event that you terminate employment or are no longer in the service of the Company for any reason other than (i) death while in the employ of the Company or any Subsidiary or serving as a member of the Board, (ii) on account of Total and Permanent Disablement, or (iii) a termination of employment within one year after a Change of Control of the Company (as such terms are defined in the Standard Terms and Conditions or the Plan) for any reason other than for Cause (as defined in the Standard Terms and Conditions), Retirement or voluntary resignation by the Participant, all of your previously then-unvested RSU’s will be forfeited. If your employment or service with the Company was terminated for one of the three reasons set forth above, your previously then-unvested RSU’s would become fully vested as of the date of the termination of employment or service and, subject to the deferral features set forth below, you will would receive a payment in respect of the RSU’s based upon their value at the time of your termination of employment or service. If you are a “key employee”, as defined in applicable Federal tax law, the Company shall be entitled to defer payment to you for six months following the date of your termination of employment. If you have not terminated employment or service, your Your RSU’s will be subject to the following vesting schedule: Anniversary of the Grant Date of Termination % of RSU’s Vested On or after but before — to Vest % On or after but before — % On or after but before — % On or after but before — %

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Advisory Board Co)

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