Equity Vesting definition

Equity Vesting means the benefit set forth in Section 2.2(b) of the Plan.
Sample 1Sample 2Sample 3
Equity Vesting means the benefit set forth in Section 2.2(c) below.
Sample 1Sample 2Sample 3
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.
Sample 1

Examples of Equity Vesting in a sentence

  • 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.

  • The Equity Vesting under this Section 2.2(c) shall apply only in the event of a Change in Control Related Termination.

  • 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.

  • If the Eligible Employee dies after a Qualified Termination and before all payments or benefits he or she is entitled to receive under this Policy have been paid, then any such unpaid Salary Severance, Bonus Severance, COBRA Severance or Equity Vesting 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.

  • 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 Company’s obligation to make CIC Severance Payments or provide the CIC Equity Vesting is conditioned upon your execution and delivery of the Release.

  • If, and only if, you are such an Eligible Employee and your employment terminates as a result of a COC Qualified Termination, you will be eligible to receive the applicable Equity Vesting, Cash Severance and COBRA Benefit described herein.

  • 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).

  • Any individual or group having a delinquent balance will not be given additional permits or be allowed to add dates to existing permits until the account is current.

  • Notwithstanding anything in this Award Agreement to the contrary, the Accelerated Equity Vesting shall not be provided until the first practicable date following the date the Waiver and Release is executed and no longer subject to revocation; provided, that if the period during which the Participant has discretion to execute or revoke the Waiver and Release straddles two calendar years, then the Accelerated Equity Vesting shall be provided in the second calendar year.


More Definitions of Equity Vesting

Equity Vesting means the benefit set forth in Section 4.2(d) of the Plan.
Sample 1

Related to Equity Vesting

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

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

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

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

  • 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.

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

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Company PSUs means the outstanding performance share units of the Company issued pursuant to: (i) the Company Legacy Equity Incentive Plan; and (ii) the Company PRSU Plan.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

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

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

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

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

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

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

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

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • 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.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.