Vesting Benefit definition

Vesting Benefit means the benefit payable on the vesting date.
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Vesting Benefit means the benefits as at the Vesting Date payable in accordance with Section 3.2 of this Policy;
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Vesting Benefit means, subject to continuing compliance with Section 2 hereof, the continuing vesting and non-forfeiture of a Participant’s Time-Based Restricted Stock and Performance-Based Restricted Stock until the termination of the Benefit Period (i.e., the Benefit Period shall be treated as a period of active employment) in the manner set forth in Section 3. For purposes of clarification, the Vesting Benefit does not mean acceleration of the vesting of any Time-Based Restricted Stock or Performance-Based Restricted Stock that have not vested prior to the Retirement Date.
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Examples of Vesting Benefit in a sentence

  • If the Executive does not timely sign the Release such that it does not become effective within the 60-day period following the Executive’s Termination of Employment with the Company, then the Severance Payment shall be forfeited and the Vesting Benefit shall be disregarded (with no accelerated vesting).

  • The obligation of the Company to pay the Executive the Severance Payment and provide the Vesting Benefit is subject to the satisfaction of the following condition: the Executive shall execute and not revoke a general release of claims in form and substance reasonably satisfactory to the Company (the “Release”).

  • Notwithstanding the preceding provisions, the obligation of the Company to make the Severance Payment and provide Vesting Benefit to the Executive hereunder is subject to compliance with any applicable provisions of the Federal Deposit Insurance Corporation regulations found in Part 359 (entitled “Golden Parachute and Indemnification Payments”) of Title 12 of the Code of Federal Regulations (or any successor provisions).

  • Notwithstanding anything herein to the contrary, the Accelerated Vesting Benefit is subject to your execution of a release of claims against the Company and its respective affiliates in a form satisfactory to the Company substantially in the form set forth on Exhibit A hereto (a “Release”).

  • This Attachment 1 sets forth the definition, terms and conditions of Full Career Vesting Period and Full Career Vesting Benefit.

  • Subject to the forgoing, this Warrant, and any portion hereof, may be transferred by the Holder by execution and delivery of an assignment to the Company.

  • On termination of the Participant under this Section 7(b), the Accelerated Vesting Benefit shall apply to the Participant’s then outstanding Equity Awards.

  • On the Closing Date and the Option Closing Date, as applicable, the Placement Warrants have been purchased as provided for in the Sponsor Warrant Purchase Agreement, and the requisite portion of the purchase price for such securities specified herein and therein shall be deposited into the Trust Account.

  • The Vesting Benefit would apply to 50% of the applicable number of shares of Performance-Based Restricted Stock (subject to adjustment pursuant to the performance criteria as set forth in Section 3(c)), which would vest and become freely tradeable by such Participant on December 31, 2009.

  • If the Executive does not timely sign the Release such that it does not become effective within the 60-day period following the Executive's Termination of Employment with the Company, then the Severance Payment shall be forfeited and the Vesting Benefit shall be disregarded (with no accelerated vesting).


More Definitions of Vesting Benefit

Vesting Benefit means the Fund Value in the Unit Account, which We will determine using the Net Asset Value on the Maturity Date.
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Related to Vesting Benefit

  • 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.

  • 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.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

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

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).