Additional Vesting definition

Additional Vesting. Provision: All options will automatically become exercisable on December 1, 2004 regardless of the market price of the Class A Common Stock. SCHEDULE B NOTICE OF ELECTION TO EXERCISE STAFF BUILDERS, INC. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention:
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Examples of Additional Vesting in a sentence

  • Such Stock Option may be exercised, to the extent exercisable after expiration of the Additional Vesting Period (or the seven-year period from the Grant Date, if applicable), until the Expiration Date.

  • Any portion of this Stock Option that is not exercisable after expiration of the Additional Vesting Period (or the seven-year period from the Grant Date, if applicable) shall terminate immediately and be of no further force or effect.

  • If the Executive’s employment is terminated by reason of Disability, the Company Group shall have no further obligation to the Executive beyond the date employment is terminated other than for (x) the Accrued Obligations and (y) the Additional Vesting Credit or Change in Control Vesting Credit, as applicable.

  • During the Additional Vesting Period, (i) you may not sell, transfer, assign, pledge or otherwise encumber or dispose of the Restricted Stock and (ii) the Restricted Stock will be subject to immediate forfeiture by you upon the occurrence of a forfeiture event described in Paragraph 7.

  • If you incur a Separation from Service during the Additional Vesting Period by reason of your Retirement, the Restricted Shares issued in your name under this Agreement shall remain subject to the transfer restrictions described in Paragraph 4(a) and the forfeiture restrictions described in Paragraph 7(d) until the Vesting Date.

  • Any Restricted Stock that remains outstanding at the end of the Additional Vesting Period shall be recorded either through book-entry form as a credit to an account maintained in your name or through the issuance of a stock certificate representing shares of Common Stock free of any restrictive legend, other than as may be required by applicable securities laws.

  • In addition, during the Additional Vesting Period, any declared and paid dividends on the Restricted Stock shall be treated as notional dividend equivalents for federal tax purposes.

  • If you incur a Separation from Service during the Additional Vesting Period other than by reason of your Retirement, Disability or death, you shall immediately forfeit the shares of Restricted Stock (including, for this purpose, any notional dividend equivalents under Paragraph 4(b)) as of the date of such Separation from Service, unless the Committee, in its discretion, determines that such shares shall vest at the expiration of the Additional Vesting Period.

  • If you incur a Separation from Service during the Additional Vesting Period by reason of your death or Disability, the restrictions on the Restricted Stock shall lapse and the shares shall be fully vested as of the date of such Separation from Service.

  • During the Additional Vesting Period, you shall have the right to vote the shares of Restricted Stock.

Related to Additional Vesting

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Normal Vesting Date means the date on which an Award Vests under Rule 6.1 (Timing of Vesting: Normal Vesting Date), in the absence of an Early Vesting Date;

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Vesting Event means the earliest to occur of the following events:

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.