Last Vesting Date definition

Last Vesting Date is defined in Section 3(a).
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Last Vesting Date means the date specified by the Franchising Director as the date on which, in his opinion, the transfer of the British Railway Board’s passenger railway business to companies owned by the British Railways Board or other persons has been substantially completed.
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Examples of Last Vesting Date in a sentence

  • Should the number of Options to vest upon each Vesting Date result in a fractional number of Options, the number of Options that shall vest on each Vesting Date will be rounded down to the nearest whole number, with the remainder vesting upon the Last Vesting Date.

  • The number of RSUs that vest on any date (other than the Last Vesting Date) shall be rounded down to the nearest whole number of RSUs.

  • You acknowledge, understand and agree that (i) nothing herein nor your provision of services hereunder shall extend the vesting of your Company Options and (ii) the vesting of the Company Options shall cease as of the Last Vesting Date, as if your services the Company are terminated on the Last Vesting Date.

  • Under the terms of your RSU (Restricted Stock Unit) agreements and the applicable plan documents, vesting of your time-vesting RSUs will cease as of the Last Vesting Date.

  • The commencement date of your vesting schedule is [____], 202[_] (the “Commencement Date”): Vesting will take place in 16 equal quarterly installments commencing on [____], 202[_] (the "First Vesting Date") and ending on [____], 202[_] (the "Last Vesting Date").

  • Further, the Transition Agreement provides that the post-termination period of exercisability for each of Company Option held by you shall be as specified in the applicable option agreement and the post-termination period shall commence on the Last Vesting Date.

  • If Optionee dies or becomes Disabled while an employee or consultant of the Company, the Option shall remain exercisable until the first anniversary of the later of (i) the Last Vesting Date and (ii) the date of termination of Optionee's employment.

  • Your vested RSUs, reduced for personal withholding taxes if applicable, will become distributable immediately upon the Last Vesting Date, at the next available settlement date, which is usually on or around the 20th of each month.

  • Under the Vesting provisions contained in this Section 2, if, after the Last Vesting Date, the number of Aggregate Earned LTIP Units is the same as the Maximum Award, then there will be no change to the number of LTIP Units under this Agreement pursuant to this Section 2’s Vesting provisions.

  • Vesting will take place in 16 equal quarterly installments commencing on [____], 202[_] (the "First Vesting Date") and ending on [____], 202[_] (the "Last Vesting Date").

Related to Last Vesting Date

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

  • Normal Vesting Date means the date on which an Award Vests under Rule 6.1 (Timing of Vesting: Normal Vesting Date), in the absence of an Early Vesting Date;

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

  • 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.