Unvested Equity Awards definition

Unvested Equity Awards means the Restricted Stock Units subject to this Award and all other restricted stock unit awards, stock options and other stock-based awards subject to vesting held by the Grantee immediately prior to the effective time of the Change in Control or Date of Termination, as applicable. Notwithstanding anything to the contrary set forth in Paragraph 3 of the Agreement, if the Grantee’s employment is terminated either by the Company without Cause (as defined in the Executive Agreement) or by the Grantee for Good Reason (as defined in the Executive Agreement), and the Date of Termination (as defined in the Executive Agreement) is within either 3 months before or 12 months after the occurrence of the first event constituting a Change in Control (such period, the “Change in Control Period”), and subject to the signing of the Separation Agreement and Release (as defined in the Executive Agreement) by the Grantee and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release but in no event more than 60 days after the Date of Termination, all Unvested Equity Awards shall immediately accelerate and, if applicable, become fully exercisable or nonforfeitable as of the later of (i) the Date of Termination or (ii) the effective date of the Separation Agreement and Release (the “Accelerated Vesting Date”); provided that the vesting of such Unvested Equity Awards shall cease and be suspended from the Date of Termination until the Accelerated Vesting Date at which point the Unvested Equity Awards shall vest in full; and provided further, that in the case of any performance-based stock award held by the Grantee, unless otherwise provided in the applicable agreement on or after the Grant Date of this Agreement, full vesting will mean vesting at target level (or, if the Date of Termination occurs as of or following the last day of the applicable performance period but prior to vesting of any performance-based stock award, then full vesting will mean vesting at the level determined based on actual performance as of the end of the performance period). For the avoidance of doubt, there will be no accelerated vesting unless and until the Grantee signs the Separation Agreement and Release referenced herein and such Separation Agreement and Release becomes effective.
Sample 1
Unvested Equity Awards means, collectively, the Unvested Options, the Unvested RSUs and the Unvested SARs. “Unvested Option” means, collectively, those Company Options that are unvested as of immediately prior to Closing. “Unvested RSUs” means, collectively, those RSUs that are unvested as of immediately prior to Closing.
Sample 1
Unvested Equity Awards means the Restricted Stock Units subject to this Award and all other restricted stock unit awards, stock options and other stock-based awards subject to vesting held by the Grantee. Notwithstanding anything to the contrary set forth in Paragraph 3 of the Agreement, if the Grantee’s employment is terminated either by the Company without Cause (as defined in the Executive Agreement) or by the Grantee for Good Reason (as defined in the Executive Agreement), and the Date of Termination (as defined in the Executive Agreement) is within either 3 months before or 12 months after the occurrence of the first event constituting a Change in Control (such period, the “Change in Control Period”), and subject to the signing of the Separation Agreement and Release (as defined in the Executive Agreement) by the Grantee and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release but in no event more than 60 days after the Date of Termination, all Unvested Equity Awards shall immediately accelerate and become fully exercisable or nonforfeitable as of the later of (i) the Date of Termination or (ii) the effective date of the Separation Agreement and Release (the “Accelerated Vesting Date”); provided that the vesting of such Unvested Equity Awards shall cease and be suspended from the Date of Termination until the Accelerated Vesting Date as defined herein at which point the Unvested Equity Awards shall vest in full; and provided further, in the case of the Restricted Stock Units subject to this Award, full vesting in such situation means (x) if the Date of Termination occurs prior to the last day of the Performance Period, the number of Restricted Stock Units equal to the Target Award, (y) if the Date of Termination occurs as of or after the last day of the Performance Period but prior to the Certification Date, the Target Award multiplied by the applicable Payout Curve based on actual achievement for such Performance Metric multiplied by the applicable Weight (determined as set forth above in this Schedule 1), and (z) if the Date of Termination occurs after the Certification Date, the unvested (as to continued services) Earned Restricted Stock Units; provided, further, that in the case of any other performance-based stock award held by the Grantee, unless otherwise provided in the applicable agreement on or after the Grant Date of this Agreement, full vesting will mean vesting at target level...
Sample 1

Examples of Unvested Equity Awards in a sentence

  • Eckersley Severance (a)——1,700,000——2021 Earned but Unpaid AIP Award(s) (b)572,924572,924572,924572,924572,924PSU Award Payout (c)1,064,7291,064,7291,064,7291,064,7291,064,729Value of Unvested Equity Awards (d)1,487,3501,487,3501,487,3501,487,3501,487,350Enhanced Retirement Benefits (e)—————Outplacement (f)——25,000——Health Benefits (g)——30,329——Total3,125,0033,125,0034,880,3323,125,0033,125,003 L.

  • Employee acknowledges that her certification shall be a material inducement to the payment and vesting of the Deferred Cash Bonus and the vesting of the Unvested Equity Awards, and the Company's rights with respect to any certification that proves to be untrue are without prejudice to the Company's rights to any remedies to which the Company may otherwise be entitled under this Agreement, the Employment Agreement, or the Trade Secret and Proprietary Information Agreement.

  • December 12, 2018, December 13, 2018, and December 12, 2019 are referred to herein as the “vesting dates.” Under the terms of the Award Agreements relating to the Unvested Equity Awards, as long as a “LTIP Forfeiture Event” or a “Share Forfeiture Event” (as defined in the applicable Award Agreement) has not occurred before such date the forfeiture restrictions will lapse on the specified vesting dates.

  • Braun Severance (a)——1,425,280——2021 Earned but Unpaid AIP Award(s) (b)313,500313,500313,500313,500313,500PSU Award Payout (c)792,477792,477792,477792,477792,477Value of Unvested Equity Awards (d)689,163689,163689,163689,163689,163Enhanced Retirement Benefits (e)—————Outplacement (f)——25,000——Health Benefits (g)——35,513——Total1,795,1401,795,1403,280,9331,795,1401,795,140 T.

  • Executive officers may pledge up to 50% of owned and vested shares with the approval of the Board.× No Dividends or Dividend Equivalents Payable on Unvested Equity Awards.

  • The adjustment includes approximately $0.2 million and $0.9 million of amortization associated with Earnout Shares issuable to holders of Unvested Equity Awards for the three months ended March 31, 2021 and the period from January 21, 2020 (inception) through December 31, 2020, respectively.

  • Number ofValue of Number of NotionalNotionalStock UnitsValue of Shares inShares inandStock UnitsNumber ofValue ofDeferredDeferredEstimatedRestrictedExecutive Officer Unvested Equity Awards Summary Table Ronald R.

  • Zafari Severance (a) –570,000–2,636,250––Earned but Unpaid AIM Award(s) (b) –358,244–358,244––PSP Award Payout (c) 1,544,9991,544,999–1,544,1731,544,9991,544,999Value of Unvested Equity Awards (d) 1,887,3751,887,375–1,887,3751,887,3751,887,375Enhanced Retirement Benefits (e) –––2,544,539––Outplacement (f) –11,400–100,000––Health Benefits (g) –––21,696––Tax Assistance (h) ––––––Total 3,432,3744,372,018–9,092,2773,432,3743,432,374M.

  • With respect to any Outstanding Unvested Equity Awards that are stock options, the date Marciano ceases to serve as a member of the Board shall be treated as Marciano’s “Severance Date” for purposes of the applicable award agreements, and Marciano will be considered to have retired from the Company on such Severance Date for purposes of such award agreements.

  • If an effective revocation is delivered in the foregoing manner and timeframe, Employee will forfeit the right to receive the Deferred Cash Bonus and will immediately forfeit the Unvested Equity Awards described in Section 2, the release ofclaims set forth in Section 4 shall be of no force or effect, and the remainder of this Agreement shall be in full force and effect.


More Definitions of Unvested Equity Awards

Unvested Equity Awards means any stock options, restricted shares, restricted stock units or other equity awards with respect to Shares held by a Participant as of such Participant’s Termination Date that are unvested as of such Termination Date (not taking into account any vesting occurring pursuant to Section 4(b)).
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Related to Unvested Equity Awards

  • Equity Awards means any of Executive’s stock options to purchase shares of the Company’s common stock, restricted shares of the Company’s common stock (including unvested shares Executive has purchased through an early exercise of a stock option grant), stock appreciation rights, restricted stock units, performance shares, performance units and any other equity compensation awards granted by the Company or any successor of the Company.

  • Company Equity Awards means Company Options and Company RSUs.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • 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.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • RSUs means restricted stock units.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

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

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.