Effective Vesting definition

Effective Vesting means the number of months of the Vesting Period to be effectively fulfilled by the Participant. As an example, an Officer (whose Position Maximum Multiple is 9) hired or promoted to said position three (3) months following the Granting Base Date shall have an Effective Vesting of thirty-three (33) months, thus its Effective Multiple shall be calculated as follows: Effective Multiple = 9 x 33 ÷ 36 Effective Multiple = 8,25
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Examples of Effective Vesting in a sentence

  • For the calculation of the Effective Vesting in the context of this LTIP 5, the following shall be observed: (i) for professionals hired and/or promoted up to the 15th (fifteenth) day of each month, the whole month shall be considered, and (ii) for professionals hired and/or promoted after the 15th (fifteenth) day of each month, only the subsequent month onwards shall be considered.

  • ML-2 project officials stated that errors in these fabrication drawings are the root cause for many of the scheduling issues experienced by the contractor in the latter half of 2021.

  • For the calculation of the Effective Vesting in the context of this LTIP 6, the following shall be observed: (i) for professionals hired and/or promoted up to the 15th (fifteenth) day of each month, the whole month shall be considered, and (ii) for professionals hired and/or promoted after the 15th (fifteenth) day of each month, only the subsequent month onwards shall be considered.

  • During the vesting period, the locally adopted development standards which are in effect on the date of an approval shall remain the development standards applicable to that property during the vesting period as follows: Type of Project Effective Vesting Date Vesting PeriodPlease note that plans may be subject to review and approval by the Alcoa Board of Zoning Appeals or the Alcoa Board of Commissioners.

Related to Effective Vesting

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

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

  • Change in Control Date means the date on which a Change in Control occurs.

  • 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.

  • Effective TBD means that the date is to be determined by further Commission action. A date listed as "anticipated effective" may be subject to change. An Advice Letter Supplement is not a new filing, and there is no protest period unless indicated.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

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

  • Vest means to become exercisable or to otherwise obtain ownership rights in an award.

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Index Cessation Effective Date means, in respect of one or more Index Cessation Events, the first date on which CDOR is no longer provided. If CDOR ceases to be provided on the Relevant Original Fixing Date but it was provided at the time at which it is to be observed pursuant to the terms and provisions of the applicable series of CDOR notes, then the Index Cessation Effective Date will be the next day on which the rate would ordinarily have been published;

  • Effective Period has the meaning assigned thereto in Section 2(a).

  • Value vested during the year means the aggregate dollar value that would have been realized if the options under the option-based award had been exercised on the vesting date. This amount is calculated by determining the difference between the market price of the underlying securities at exercise and the exercise or base price of the options under the option-based award on the vesting date.

  • Post-Effective Limit means (x) the minimum number of Shares that would give rise to reporting or registration obligations (except for any filing requirements on Form 13F, Schedule 13D or Schedule 13G under the Exchange Act, in each case, as in effect on the Trade Date) or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or would result in an adverse effect on a Dealer Person, under the Applicable Provisions, as determined by Dealer in its reasonable discretion, minus (y) 1.0% of the number of Shares outstanding.

  • Stated Termination Date means December 31, 2000.

  • Change in Control means the occurrence of any of the following events:

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Change in Control Termination means that while this Agreement is in effect:

  • Multiple disabilities means concomitant impairments, the combination of which causes such severe educational problems that programs designed for the separate disabling conditions will not meet the student’s educational needs.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).