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
Once the Administrator has determined the Achievement Percentage for a Performance Period, 100% of Participant’s Eligible RSUs with respect to such Company TSRs for the Performance Period will vest and be released to Participant on the Vesting Date for that Performance Period, subject to Participant continuing to be a Service Provider through such Vesting Date.
More Definitions of Vesting
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.