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 or service with the Company or an Affiliate, 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"). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant to Section 9(a) hereof or cancellation pursuant to Section 4 hereof. 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.

Appears in 3 contracts

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

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant's continued employment or service with the Company or an Affiliate, the RSUs shall vest [on the first anniversary][in equal installments on each of the first two (2) anniversaries] [in equal installments on each of the first four three (43) anniversaries anniversaries] of the Vesting Commencement Date of Grant (each [the][each such date, a "a] “Vesting Date"). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant to Section 9(a) hereof Participant’s continued employment with the Company or cancellation pursuant to Section 4 hereofany of its Affiliates through the Vesting Date. [Any fractional RSUs RSU resulting from the application of the vesting schedule shall be aggregated and the RSUs RSU resulting from such aggregation shall vest on the final Vesting Date.] Upon vesting, the RSUs shall no longer be subject to forfeiture pursuant to Section 4 hereof. For purposes of this Agreement, the “Vesting Commencement Date” is _______, 20[__].

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Redbox Entertainment Inc.)

Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant's continued employment or service with the Company or an Affiliate, the RSUs shall vest [in equal installments on each of the first four (4) anniversaries [●] anniversaries] of the Date of Grant (each such date, a "Vesting Date"). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant Participant’s continued employment with, appointment as a director of, or engagement to Section 9(a) hereof provide services to, the Company or cancellation pursuant to Section 4 hereofany of its Affiliates through the applicable Vesting Date. Any fractional RSUs RSU resulting from the application of the vesting schedule shall be aggregated and the RSUs 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: Omnibus Incentive Plan Restricted Stock Unit Award Agreement (ADT Inc.)

Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant's continued employment or service with the Company or an Affiliate, the RSUs shall vest [in equal installments on each of the first four (4) anniversaries [●] anniversaries] of the Date of Grant (each such date, a "Vesting Date"). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant Participant’s continued employment with, appointment as a director of, or engagement to Section 9(a) hereof provide services to, the Company or cancellation pursuant to Section 4 hereofany of its Affiliates through the applicable Vesting Date. Any fractional RSUs RSU resulting from the application of the vesting schedule shall be aggregated and the RSUs 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.

Appears in 1 contract

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

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Vesting; Settlement. (a) Except as may otherwise be provided herein, subject to the Participant's continued employment or service with the Company or an Affiliate, the RSUs shall vest [in equal installments on each of the first four (4) anniversaries [●] anniversaries] of the Date of Grant Xxxxx (each such date, a "Vesting Date"). Upon each Vesting Date, such portion of the RSUs that vest on such date shall no longer be subject to the transfer restrictions pursuant Participant’s continued employment with, appointment as a director of, or engagement to Section 9(a) hereof provide services to, the Company or cancellation pursuant to Section 4 hereofany of its Affiliates through the applicable Vesting Date. Any fractional RSUs RSU resulting from the application of the vesting schedule shall be aggregated and the RSUs 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.

Appears in 1 contract

Samples: Incentive Plan Award Agreement (ADT Inc.)

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