Deferred Vesting Date definition
Examples of Deferred Vesting Date in a sentence
Shares In the event that your Service terminates for any reason, except as provided above in the section entitled “Termination without Cause, Good Reason or Non-Renewal of Employment Agreement; Change of Control,” or in connection with a Deferred Vesting Date, you will forfeit all of the Performance Shares that have not yet vested.
Shares In the event that your Service terminates for any reason, unless otherwise provided in an applicable written employment agreement entered into in the future between you and the Company or an Affiliate, if any, and except as provided above in the case of an Involuntary Termination in connection with a Corporate Transaction or in connection with a Deferred Vesting Date, you will forfeit all of the Performance Shares that have not yet vested.
If Grantee has not surrendered to the Company cash in an amount sufficient to pay any applicable withholding taxes by the applicable Deferred Vesting Date, the Company shall retain a portion of the vested and non-forfeitable Deferred Shares otherwise deliverable to the Grantee on the Deferred Vesting Date for payment of such withholding taxes.
Following the occurrence of any Change in Control that constitutes a change in ownership or effective control within the meaning of Section 409A(a)(2)(A)(v) of the Code, you shall be immediately entitled to receive the Preliminary Consideration and, to the extent not earlier paid or forfeited pursuant to Paragraph 4 hereof, you shall be entitled to receive the Deferred Consideration (if any) upon the Deferred Vesting Date.
That portion of the Stock Appreciation Rights that does not become vested on the scheduled Deferred Vesting Date due to the failure of the Company or Blade to satisfy debt agreement obligations in accordance with clause (i) above shall expire and be cancelled as of such Deferred Vesting Date and shall not be subject to vesting pursuant to Section 4.1.
Notwithstanding the provisions of Sections 1(a) and 1(b) hereof, any unvested Deferred Stock Units subject to this agreement shall become immediately and fully vested in the event of a Business Combination (as hereinafter defined) of the Company prior to the Deferred Vesting Date.
Executive's employment hereunder is "at will" and shall be terminable by either party at any time, with or without Cause or Good Reason, and any such termination shall not constitute a breach of this Agreement, provided the notice set forth in subsection 3.02 is provided.
Notwithstanding the foregoing, if the Grantee dies, becomes permanently disabled or ceases to be a Nonaffiliate Director of the Company or there is a Change of Control, prior to the one-year anniversary of the Deferred Vesting Date, the Deferred Shares shall become transferable by the Grantee as of the date of the Grantee’s death, permanent disability or cessation of service as a Nonaffiliate Director or as of the date of a Change of Control.
The Policyholder on or after the Vesting Date or the Deferred Vesting Date, as the case may be, can exercise any one of the following options: proportion, as permissible as per the applicable Regulations and may apply the balance Benefit Amount towards purchase of Annuity.
Employee's Restricted Shares that were scheduled to vest on August 27, 2002 will not vest on that date, but instead will be scheduled to vest on May 27, 2004 (that is, the date determined by adding three months (the duration of the Vesting Period of May 27, 2002 through August 27, 2002) to February 27, 2004 (the last Deferred Vesting Date)).