Vesting definition

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 means the process by which the Grantee becomes entitled to receive the benefit of a grant made to him under the Scheme.

Vesting in relation to an Option, means an Option becoming exercisable and in relation to a Conditional Award, means a Participant becoming entitled to have the Shares transferred to him subject to the Plan, and the term “Vested” shall be construed accordingly.

Examples of Vesting in a sentence

• The capitalization of the Company immediately prior to the first Closing Date is as follows: Security Type Number / Principal; Amount of Securities Outstanding Type and aggregate number of Underlying Securities Aggregate Exercise / Conversion Price Vesting schedule / Expiration Date Repurchase Price SPV Interests 0 n/a n/a n/a n/a None.

• The Retention Bonus shall be earned and become payable in two equal installments, as follows: (i) fifty percent (50%) of the Retention Bonus will become earned and payable on the first anniversary of the Effective Date, and (ii) fifty percent (50%) of the Retention Bonus will become earned and payable on the second anniversary of the Effective Date (each, a “Vesting Date”), in each case, subject to the Executive’s continued employment through the applicable Vesting Date.

• Vesting will be based on continued service with the Company or any of its subsidiaries and/or achievement of performance goals as determined by the Committee.

• If earned, each portion of the Retention Bonus shall be paid to the Executive in cash on or within 30 days following the applicable Vesting Date.

• Each such installment which becomes vested and exercisable pursuant to the Vesting Schedule shall remain vested and exercisable until it becomes unexercisable under Section 4(c) or pursuant to the terms of the Plan.

More Definitions of Vesting

Vesting or “Vested”) in accordance with Section 5 of this Agreement.

Vesting or “Vested”) in accordance with Section 3 and Section 4 of this Agreement.

Vesting means earning by the Option Grantee, of the right to Exercise the Options granted to him in pursuance of the Plan.

Vesting means the process by which the employee is given the right to apply for shares of the company against the option granted to him in pursuance of ESOS.

Vesting means the process by which the employee becomes entitled to receive the benefit of a grant made to him under any of the schemes;

Vesting. A Options: 1/3 of the total number of Equity Units subject to the Initial Grant shall vest ratably (25% a year) on each of the first through fourth anniversaries of the date of grant ("A Options"), provided the Executive is in the employ of the Company on each such date. If there is a Change in Control (as defined in Schedule D to the Employment Agreement) prior to the fourth anniversary of the date of grant, and the Executive is still in the employ of the Company, all unvested A Options shall vest.

Vesting in relation to Qualified Restricted Stock Units, means an Eligible Individual becoming entitled to have the Shares transferred to him subject to the Plan, and the terms “Vest” and “Vested” shall be construed accordingly.