Examples of Second Vesting Date in a sentence
The Second Award of Restricted Stock shall fully vest in Grantee’s favor immediately upon its grant on the Second Award Date (such date, together with the Milestone Vesting Date, the First Vesting Date and the Second Vesting Date, each a “Vesting Date” with respect to the applicable Shares of Restricted Stock).
The restrictions on transfer applicable to the Shares under the Plan shall lapse with respect to those Shares, if any, that vest on each of the First Vesting Date and the Second Vesting Date.
On or after the Second Vesting Date, the Warrants granted under Subsections (i) and (ii) above may be exercised independent of each other.
Within a reasonable time after the First Vesting Date or the Second Vesting Date, as applicable, the Company shall cause to be delivered to the Holder a certificate representing the vested portion of the Shares.
The Holder acknowledges and agrees that the Company or any Affiliate has the right to deduct from payments of any kind otherwise due to the Holder any federal, state or local taxes of any kind required by law to be withheld with respect to the lapse of the restrictions on the Shares on such First Vesting Date or Second Vesting Date, as applicable.