Common use of Vesting; Settlement Clause in Contracts

Vesting; Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest [in equal installments on each of the first [●] anniversaries] of the Date of Grant (each such date, a “Vesting Date”), 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 through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock.

Appears in 2 contracts

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

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Vesting; Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest [in equal installments on each of the first [three] anniversaries] anniversaries of the Date of Grant (each such date, a “Vesting Date”), subject to the ParticipantGrantee’s continued employment with, appointment as a director of, with or engagement to provide services to, the Company or any of its Affiliates through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 10 60 days following the Vesting Date in shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Caliburn International Corp)

Vesting; Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest [in equal installments on each of the first [●] anniversaries] anniversary of the Date of Grant (each such date, a “Vesting Date”), subject to the ParticipantGrantee’s continued employment with, appointment as a director of, or engagement to provide services to, of the Company or any of its Affiliates through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 10 60 days following the Vesting Date in shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Caliburn International Corp)

Vesting; Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest [in equal installments on each of the first [●] anniversaries] of the Date of Grant as follows: (each such datedate of vesting, a “Vesting Date”), 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 through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to cancellation pursuant to Section 4 3 hereof. (b) Each RSU shall be settled within 10 days following the applicable Vesting Date in shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Endeavor Group Holdings, Inc.)

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Vesting; Settlement. (a) Except as may otherwise be provided herein, the RSUs shall vest [in equal installments on each of the first [●] anniversaries] of the Date of Grant Xxxxx (each such date, a “Vesting Date”), 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 through the applicable Vesting Date. Any fractional RSU resulting from the application of the vesting schedule shall be aggregated and the RSU resulting from such aggregation shall vest on the final Vesting Date. Upon vesting, the RSUs shall no longer be subject to cancellation pursuant to Section 4 hereof. (b) Each RSU shall be settled within 10 days following the Vesting Date in shares of Common Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (ADT Inc.)

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