Third Vesting Date definition

Third Vesting Date means the date the last one-third of the RSU become non-forfeitable and converted into Shares as provided for in the Agreement.
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Third Vesting Date shall be the 20th Trading Day following the Second Vesting Date. Each of the First Vesting Date, Second Vesting Date, and Third Vesting Date shall be referred to herein as a "Vesting Date." Within fifteen Trading Days after each Vesting Date, the Holder shall exercise any vested Warrant Shares which such Holder may receive on any Vesting Date.
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Third Vesting Date means the earlier of (i) the third anniversary of the Original Issue Date and (ii) a Change of Control.
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Examples of Third Vesting Date in a sentence

  • Subject to Section 14 of the Plan, and notwithstanding Section 3 above, if the Grantee has an Involuntary Termination upon or within two years after a Change in Control, and prior to the Third Vesting Date, the Grantee’s outstanding Time-Based Units shall become fully vested and shall be paid within 60 days after such Involuntary Termination, as described in Section 6.

  • Subject to Section 14 of the Plan, and notwithstanding Section 3 above, if the Grantee has an Involuntary Termination upon or within two years after a Change in Control, and prior to the Third Vesting Date, the Grantee’s outstanding Time-Based Units shall become fully vested and shall be paid within 60 days after such Involuntary Termination, as described in Section 7.

  • Unit Values for Performance Units that vest on the Second Vesting Date shall not remain subject to adjustment as of the Third Vesting Date.

  • The First Vesting Date, the Second Vesting Date and the Third Vesting Date are each the “Vesting Date” for the Restricted Stock Units that vest on such date.

  • With respect to all Performance Units granted to Employee that vest on the Third Vesting Date, an amount equal to the Third Vesting Date Unit Value (determined in accordance with section 4(c)(iii) below) multiplied by the number of Performance Units granted under this Award that vest on the Third Vesting Date.

  • The total number of Deferred Shares that may be earned if Awardee remains employed by the Company or its subsidiaries through the Third Vesting Date is [_______] shares.

  • Any portion of the Award that does not vest as of the Third Vesting Date, as more particularly described herein, shall expire and be forfeited and Employee shall thereafter have no further right to payment or compensation with respect to any such unvested portion of such Award.

  • The formula for determining the total number of PSUs in the Third Tranche that may vest and become payable will equal the number of PSUs credited to the Executive under this Agreement with respect to the Third Tranche as of the Third Vesting Date times the “Payout Percentage” set forth in the TSR Table below.

  • The resulting Performance Ratio at each Vesting Date is: First Vesting Date: $40,000,000 / $50,000,000 = 0.8 Second Vesting Date: $60,000,000 / $50,000,000 = 1.2 (deemed to be 1.0) Third Vesting Date: $50,000,000 / $50,000,000 = 1.0 Therefore, 80.0% of one third of the Shares (or 26.66% of the Shares) vest on the First Vesting Date, and, absent application of Section 2.2, 100.0% of one third of the Shares vest on each of the Second and Third Vesting Dates for total vesting of 93.33% of the Shares.

  • Third Vesting Date In addition, the RSUs are subject to vesting acceleration pursuant to Section 3(b) of the Award Agreement.


More Definitions of Third Vesting Date

Third Vesting Date is defined in Section 3(a).
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Third Vesting Date means the third anniversary of the Issue Date;
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Third Vesting Date means the date on which the Administrator certifies the Company’s TSR for the 2013 Performance Period and the Three-Year Performance Period, which certification shall occur no later than March 31, 2014.
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Third Vesting Date means the thirty-six month anniversary of the Effective Date.
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Third Vesting Date shall be the end of the 36th month following the Closing Date.
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Related to Third Vesting Date

  • 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).

  • 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.

  • Second Anniversary means the second yearly anniversary after the Effective Date.

  • First Anniversary means the first anniversary of the Closing Date.

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • 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.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Measurement Date has the meaning set forth in Section 3.3(a).

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

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

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

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • 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.

  • Anniversary Each anniversary of the Cut-off Date.

  • 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.

  • Date of Award means the date this Contract is fully executed.

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Anniversary Date means each anniversary of the Closing Date.

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

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

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

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.