Annual Vesting Amount definition

Annual Vesting Amount. Insert the number of Restricted Shares that vest each year or other applicable vesting schedule.
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Annual Vesting Amount. Insert the number of Restricted Shares that vest each year or other applicable vesting schedule. “Annual Vesting Date” (or if such date is not a business day, on the next succeeding business day): Insert the calendar date of each year on which Restricted Shares will vest or other appropriate vesting schedule.
Sample 1
Annual Vesting Amount. Insert the number of shares of Restricted Stock that vest each year or other applicable vesting schedule. “Annual Vesting Date” (or if such date is not a business day, on the next succeeding business day): Insert the calendar date of each year on which shares of Restricted Stock will vest or other appropriate vesting schedule. Initials of Company representative: Initials of Trustee:
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Examples of Annual Vesting Amount in a sentence

  • On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement.

  • On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter, the number of LTIP Units equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement.

  • Any Annual Vesting Amount for a Missed Year that does not vest in the next succeeding year as provided above will lapse and will not be available for future vesting pursuant to this Agreement unless the Board of Directors of the Corporation, in its sole discretion, makes other provision.

  • On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter, if any, the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement.

  • Each option shall become exercisable with respect to one-quarter of the total number of shares subject to the option twelve months after the date of its grant and with respect to an additional one-quarter at the end of each twelve-month period thereafter during the succeeding three years (each twelve month period sometimes referred to herein as a "Vesting Year" and each share increment sometimes referred to herein as an "Annual Vesting Amount").

  • For purposes of Section 409A, the Stock Units which vest and are delivered to the Executive solely pursuant to application of this Section 8(c) (which in the second example above would be 24.5%) shall be deemed to be a separate payment distinct from the Stock Units which vested as of the Separation From Service Date and the Additional Annual Vesting Amount (which in the second example above would be 16.5% and 2.5%, respectively).

  • If the Separation From Service Date occurs on the date the Executive turns 55 ½ but the Severance Date is the date he turns 57 ½, the total percentage of vested Stock Units would be 30% (sum of (i) 14% (percentage that vested on his 55th birthday) plus (ii) 2.5% (Pro-Rata Vesting Percentage) plus (iii) 2.5% (Additional Annual Vesting Amount applicable to age 56), plus (iv) 7% (Additional Annual Vesting Percentage applicable to age 57), plus (v) 4% (Additional Pro-Rata Vesting Percentage).

  • For purposes of Section 409A, the Stock Units which vest and are delivered to the Executive solely pursuant to application of this Section 8(b) (which in the second example above would be 15.5%) shall be deemed to be a separate payment distinct from the Stock Units which vested as of the Separation From Service Date and the Additional Annual Vesting Amount (which in the second example above would be 16.5% and 2.5%, respectively).

  • Any additional Stock Units subject to the Award that vest solely by application of the Additional Annual Vesting Amount pursuant to this Section 3 shall be deemed vested as of the applicable birthday of the Executive that corresponds to such amount.

  • On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter, the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement.


More Definitions of Annual Vesting Amount

Annual Vesting Amount for purposes of this Agreement shall mean, for a Vesting Date hereunder, the number of Units equal to the sum of: • Initial RSU Award Amount divided by the number of Vesting Years, plus • The accretion amount applicable to those Units for the applicable Vesting Year. Assuming continuing employment and accretion under the Accretion Terms, the following shows the number of RSU's that will vest on the following Vesting Dates:
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Annual Vesting Amount means, with respect to any Optionee for any Fiscal Year, the greater of (i) zero and (ii) the product of the Maximum Annual Vesting Amount (as set forth in the table on Annex I attached to such Optionee's Option Agreement) and the Annual Vesting Ratio applicable to such Fiscal Year.
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Related to Annual Vesting Amount

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

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • 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.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Target Amount is defined in Section 4.3(b)(i).