Examples of Vesting Agreements in a sentence
In anticipation of IPO, the holders of Employee Shares and the Company entered into individual vesting agreements, or Vesting Agreements, which apply the same terms to vesting of Employee Shares as applied prior to IPO under the Company’s pre-IPO Articles of Association, except that following the IPO Employee Shares that would pre-IPO have converted to deferred shares, will be transferred back to the Company and cancelled within three years of an employee leaving the Company.
LTIP Units shall be subject to the following special provisions: (i) Vesting Agreements.
The Company confirms that the Transfer Agreement and the Vesting Agreements remain in full force and effect.
The vesting terms of all Stock Option Agreements and Share Vesting Agreements will also be adjusted as the Committee deems appropriate.
The Option Agreements and Share Vesting Agreements that evidence Awards made under this Plan may, in the sole discretion of Committee, provide for the acceleration of vesting, either in whole or in part, under the Award.
LTIP Units shall consist of those Units to be issued under S chedule I hereto and theapplicable Vesting Agreements relating to such LTIP Units.
LTIP Units shall have all the rights, privileges, preferences, and obligations as are specifically provided for in such Vesting Agreements and in this Agreement (including S chedule I hereto) for LTIP Units, and as may otherwise be generally applicable to all classes of Units, unless such application is specifically limited to one or more other classes of Units.
Notwithstanding anything to the contrary contained herein (including S chedule I hereto) or in such Vesting Agreements, the LTIP Units shall not be entitled to vote on any matter subject to a vote of the Members, except as otherwise required by law.
LTIP Units shall consist of those Units to be issued under Schedule I hereto and the applicable Vesting Agreements relating to such LTIP Units.
SIP Shares effectively vest in full on the third anniversary of the service commencement date.Unvested Employee Shares are forfeited upon the termination of employment or service relationship in accordance with the process set out in the Articles of the Company prior to IPO, and in accordance with the process set out in the Vesting Agreements post-IPO and 2020 Plan, or in the case of the SIP Plan, SIP shares in accordance with the rules of the SIP Plan.