Common use of Vesting; Settlement Clause in Contracts

Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, appointment as a director of, or engagement to provide services to, the Company or any of its Affiliates, the RSUs shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant (each such date, a “Vesting Date”). Any fractional RSUs resulting from the application of the vesting schedule shall be aggregated and the RSUs resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 15(b) of the Plan or cancellation pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (J.Jill, Inc.), Restricted Stock Unit Award Agreement (J.Jill, Inc.)

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, appointment as a director of, or engagement to provide services to, the Company or any of its Affiliates, the RSUs shall vest in equal installments on each of the first four (4) [ ] anniversaries of the Date of Grant (each such date, a “Vesting Date”). Any fractional RSUs resulting from the application of the vesting schedule shall be aggregated and the RSUs resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 15(b) of the Plan or cancellation pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Jill Intermediate LLC)

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant’s continued employment with, appointment as a director of, or engagement to provide services to, service with the Company or any of its Affiliatesan Affiliate, the RSUs shall vest in equal installments on each of the first four [three (43)](1) anniversaries of the Date of Grant (each such date, a “Vesting Date”). Any fractional RSUs resulting from the application of the vesting schedule shall be aggregated and the RSUs resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to the transfer restrictions pursuant to Section 15(b) [12] of the Plan or cancellation pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Virtu Financial, Inc.)

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