Equity Vesting definition

Equity Vesting means the benefit set forth in Section 2.2(c) below.

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Equity Vesting means the benefit set forth in Section 2.2(b) of the Plan.

Equity Vesting means the benefit set forth in Section 2.2(c) of the Plan.

Examples of Equity Vesting in a sentence

• If employment is terminated by the Company without Cause or by Executive for Good Reason, Executive will be entitled to the payments and benefits provided in Section 8(a) hereof and, in addition, subject to Section 8(e), the Company will provide to Executive (i) a lump sum amount equal to the Severance Amount, (ii) the Pro Rata Bonus paid at the time bonuses are paid to similarly situated employees of the Company, (iii) the Medical Benefits and (iv) the Equity Vesting Benefits.

• The Earn Out Number for any PSUs entitled to Additional Equity Vesting pursuant to this Section 5(d)(ii) for which the Performance Year has not been completed shall be determined after the end of the Performance Year based on actual performance for the full Performance Year.

• The PSUs entitled to Additional Equity Vesting pursuant to this Section 5(d)(ii) shall become payable within 30 days following their originally scheduled vesting dates contemplated by Section 3(d)(iii).

• The amount and terms of any Equity Vesting, Salary Severance, Bonus Severance, and COBRA Benefit that an Eligible Employee may receive upon his or her Qualified Termination will be set forth in his or her Participation Agreement.

• If the Eligible Employee dies before all payments or benefits he or she is entitled to receive under this Policy have been paid, then (i) COBRA Coverage (or COBRA Replacement Payments) to the Eligible Employee will immediately cease and (ii) any such unpaid Equity Vesting, Salary Severance, or Bonus Severance will be paid to his or her designated beneficiary, if living, or otherwise to his or her personal representative in a lump-sum payment as soon as possible following his or her death.

• Upon the receipt of each Executive Award Allocation, the Company shall take all necessary action to grant to the Executive, subject to the terms and conditions of a restricted stock award agreement pursuant to the Company’s equity incentive plan, the number of Common Shares, if any, set forth in such Executive Award Allocation (the “Restricted Shares”), such shares shall vest according to the Equity Vesting Schedule.

• In the event of a termination of your employment with the Company during the Change in Control Period (as defined in the CIC Severance Agreement), then you shall be entitled to severance benefits under the CIC Severance Agreement in accordance with its terms and conditions, and you shall have no rights or entitlements under Section 1 of this letter agreement, including, without limitation, the Severance Payments, COBRA Payments, and Equity Vesting.

• To the extent any equity grant agreement or other agreement between the Company and you contains provisions accelerating the vesting of unvested equity awards upon a Change in Control (or similar term) or termination of your employment without Cause or a resignation for Good Reason that are more favorable to you than the CIC Equity Vesting, then the vesting provisions of such equity grant or other agreement will govern.

• Upon a Change in Control, 100% of all unvested stock options and/or restricted shares held by Executive shall immediately vest (the "Accelerated Equity Vesting").

• Such options shall vest according to the Equity Vesting Schedule.

More Definitions of Equity Vesting

Equity Vesting shall have occurred at any particular time shall be equal to (i) the total number of Option Shares subject to the Option divided by 2,150,000 (as appropriately adjusted for stock splits, stock dividends and the like), (ii) multiplied by (A) the then outstanding number of shares of Common Stock of the Company (1) excluding Management Stock (as defined in the Stockholders' Agreement dated March 28, 2002 among the Company and its stockholders (the "Stockholders' Agreement")) that has not vested as a result of Dollar Vesting (as defined in the Stockholders' Agreement), (2) excluding all Common Stock previously issued pursuant to all Tranche A Options and Tranche B Options and (3) including all shares of Common Stock issuable upon the conversion of outstanding convertible securities, including the conversion of the Series B Preferred calculated on the basis that all shares of Series B Preferred have been converted at the "Conversion Ratio" as defined in the Certificate of Designations for the Series B Preferred Stock and with the conversion of the Series A Preferred calculated on the basis that all shares of Series A Preferred have been converted at the "Conversion Ratio" as defined in the Certificate of Designations for the Series A Preferred Stock, and multiplied by (B) 3.30769%; provided however, that upon the earlier to occur of January 31, 2007 or the occurrence of a Liquidation Event (as defined in the Stockholders' Agreement), a Qualified Public Offering (as defined in the Stockholders' Agreement) or a transaction pursuant to Section 3.10 of the Stockholders' Agreement (each, a "Vesting Termination Event"), there shall be substituted for "2,150,000" in Subsection 3(c)(i) above the sum of the number of shares of Common Stock that may be purchased pursuant to all Tranche B Options granted pursuant to the Plan that remain outstanding immediately prior to the Vesting Termination Event plus the number of shares of Common Stock previously issued upon the exercise of Tranche B Options; and further provided, in no event shall the number of Option Shares for which Equity Vesting has occurred ever exceed the total number of Option Shares set forth in Section 1. The portion of the Option that is not vested as a result of Equity Vesting upon the occurrence of a Vesting Termination Event shall not become exercisable and shall be forfeited and cancelled on the option transfer records of the Company without payment therefor to the Optionee.