Common use of Vesting Schedule – RSUs Clause in Contracts

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to of such units on April 15, 2019, of such units on April 15, 2020, of such units on April 15, 2021, and of such units on April 15, 2022 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to one quarter (25%) of such units on each of April 15, 2017, April 15, 2018, April 15, 2019, of such units on and April 15, 2020, of such units on April 15, 2021, and of such units on April 15, 2022 2020 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to one quarter (25%) of such units on each of April 15, 20192017, of such units on April 15, 20202018, of such units on April 15, 2021, 2019 and of such units on April 15, 2022 2020 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to one quarter (25%) of such units on each of April 15, 2018, April 15, 2019, of such units on April 15, 2020, of such units on and April 15, 2021, and of such units on April 15, 2022 2021 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to one quarter (25%) of such units on April each of October 15, 20192015, of such units on April October 15, 20202016, of such units on April October 15, 2021, 2017 and of such units on April October 15, 2022 2018 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for 14 For awards from 2014 plan. 15 For awards from 2013 plan. 16 For awards from 2014 plan. 17 For awards from 2013 plan. any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.

Vesting Schedule – RSUs. (a) Subject to Section 3.1(b) of this Agreement and the last sentence of this Section 3.1(a), and subject to Executive’s continuous active employment (which shall not include employment after the Executive has given notice of termination of employment) with the Company through the applicable RSU Vesting Date, the RSUs granted to Executive under this Agreement shall vest with respect to one quarter (25%) of such units on each of April 15, 2018, April 15, 2019, of such units on April 15, 2020, of such units on 2020 and April 15, 2021, and of such units on April 15, 2022 2021 (each, an “RSU Vesting Date”). For purposes of this Section 3.1(a) of this Agreement, in the event that Executive is on an extended approved leave of absence (paid or unpaid, other than such vacation time or statutory leave as permitted under Company policy or in accordance with applicable law), the period of time that Executive is on such an extended approved leave of absence shall not be counted towards vesting on any RSU Vesting Date(s), and for any period between RSU Vesting Dates when Executive is on such approved leave of absence for part of such period, vesting shall be pro-rata based on the portion of the period that Executive was not on such approved leave of absence. All RSUs that do not vest in accordance with this Section or Section 3.1(b) below shall be forfeited. In the event that an RSU Vesting Date falls on a day that is not a business day, the RSU Vesting Date shall be the next business day.