Vesting Schedule and Conditions Sample Clauses

Vesting Schedule and Conditions. (a) Except as provided in sections (b)-[(c)/(d)] below, one-third (1/3) of the Target PSUs will vest upon the determination by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) of whether and to the extent performance for each applicable annual period (each a “Performance Period”) equals or exceeds the applicable annual threshold Adjusted EBITDA (“Threshold Adjusted EBITDA”), target Adjusted EBITDA (the “Target Adjusted EBITDA”), and maximum Adjusted EBITDA (“Outstanding Adjusted EBITDA”) levels set forth in the table below. To the extent the Company achieves performance between Threshold Adjusted EBITDA and Target Adjusted EBITDA, and between Target Adjusted EBITDA and Outstanding Adjusted EBITDA levels, linear interpolation shall be applied to such achievement for a determination of the number of shares vesting. Except as provided in sections (b)-[(c)/(d)] below, any PSUs not vested for a Performance Period shall be forfeited and cancelled. Annual Period Threshold Target Outstanding Adjusted EBITDA Resulting PSUs Adjusted EBITDA Resulting PSUs Adjusted EBITDA Resulting PSUs Year 1 Year 2 Year 3 The number of PSUs subject to vesting upon achievement of Outstanding Adjusted EBITDA for each year constitutes the maximum number of PSUs that can be vested for that year, subject to section (b) below, even if performance exceeds the Outstanding Adjusted EBITDA level.
Sample 1
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Vesting Schedule and Conditions. A. The Option granted hereby will vest in five equal annual installments (each, an “Installment”) commencing on the first anniversary of the Option Grant Date with full vesting on the fifth anniversary of the Option Grant Date (the “Performance Period”); provided, that the vesting of each Installment is subject to the following conditions:
Sample 1
Vesting Schedule and Conditions. The Stock Price Performance Goal applicable to any Tranche of Performance Stock Units corresponding to the applicable Company Stock Price Target in the table below, to the extent such Tranche has not previously vested, shall be satisfied in the event that such Company Stock Price Target has been attained (on each trading day) for a period of twenty (20) consecutive trading days during the Performance Period. Any Tranche for which the Stock Price Performance Goal has been satisfied shall vest on the applicable Vesting Date. Any Tranche that has not vested as of the Expiration Date shall be immediately forfeited and canceled for no consideration. Stock Price Performance Goals* Tranche Company Stock Price Targets Number of Performance Stock Units* 1 $5.00 300,000 2 $7.50 300,000 3 $10.00 300,000 4 $12.50 300,000 5 $15.00 320,000 * The Committee shall make adjustments to the applicable Stock Price Performance Goal as it deems equitable and appropriate to (a) exclude the material impact of any changes in accounting standards or methods that are implemented during the Performance Period and (b) exclude the impact of any merger, combination, acquisition, consolidation, sale of a portion of the business or other reorganization of the Company that occurs during the Performance Period.
Sample 1
Vesting Schedule and Conditions. (a) All of the Unvested G-III Shares shall be subject to an option as to the Unvested G-III Shares (the "Purchase Option") set forth in this Section 7.1. From and after the date that any vesting condition described in Section 7.1(b) is no longer capable of being satisfied, G-III shall have the right to exercise the Purchase Option, which consists of the right to purchase from the Sellers, at the purchase price of $0.01 per share (the "Option Price"), up to but not exceeding the number of Unvested G-III Shares specified in the applicable subsection of Section 7.1(b).
Sample 1
Vesting Schedule and Conditions. The Performance Share Units will vest upon the determination by the Committee of whether and to the extent performance for each applicable annual period (each a “Performance Year”) equals or exceeds the applicable [•] Performance Goal based on Company performance between [•] and [•] (such period, the “Performance Period”). [•] of the Target Number of Performance Share Units are assigned to each of these [•] calendar years.
Sample 1

Related to Vesting Schedule and Conditions

  • Vesting Schedule Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.

  • Vesting Schedules The vested interest of each Employee (who has an Hour of Service on or after January 1, 1989) in his Employer-derived account balance shall be determined on the basis of the following schedules:

  • Additional Terms and Conditions of Award (a) Non-

  • Vesting Schedule/Period of Restriction Except as provided in paragraphs 4 and 5, and subject to paragraph 7, the Performance Shares awarded by this Agreement shall vest in accordance with the vesting provisions set forth on the first page of this Agreement. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Subsidiaries from the Grant Date until the date the Performance Shares are otherwise scheduled to vest.

  • Vesting Provisions The Options shall become exercisable in five equal installments on each of the first five anniversaries of the Grant Date, subject to the Employee’s continuous employment with Holding or any Subsidiary from the Grant Date to such anniversary.

  • Restrictions and Conditions (a) Any book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan.

  • ADDITIONAL TERMS AND CONDITIONS This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among Xxxxx Bank and Xxxxx Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

  • Vesting Conditions Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Award Agreement. A Stock Unit Award Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change in Control occurs with respect to the Company.

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

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