Year Cliff Vesting. Grantee shall be 0% vested in the Restricted Shares until the third anniversary of the Award payout date. As of the third anniversary of the Award payout date the Grantee shall be 100% vested in the Restricted Shares, provided Grantee is an employee of the Company as of that date.
Appears in 15 contracts
Samples: Restricted Stock Award Agreement (ISABELLA BANK Corp), Restricted Stock Award Agreement (ISABELLA BANK Corp), Restricted Stock Award Agreement (ISABELLA BANK Corp)
