Vesting Condition definition
Vesting Condition means any condition subject to which the Options granted would vest in an Option Grantee.
Vesting Condition means any condition to the vesting of Retention Shares established by the Committee pursuant to Section 9.
Vesting Condition means the condition prescribed if any subject to satisfaction of which the Options granted would vest in an Option Grantee.
Examples of Vesting Condition in a sentence
A Vesting Condition for a Convertible Security may, subject to Applicable Laws, be waived by the Board by written notice to the relevant Participant and on such terms and conditions as determined by the Board and set out in that notice.
The Company shall notify the holder in writing when the relevant Vesting Condition has been satisfied.
Notwithstanding any other provisions of the EIP, the Board may at any time waive in whole or in part any terms or conditions (including any Vesting Condition) in relation to any Incentive Securities or Shares granted to a Participant.
The Board will determine the vesting conditions (if any) that must be satisfied before a Performance Right vests, and the date by which a vesting condition must be satisfied (Vesting Condition).
Subject to Section 3, the Restricted Stock will vest if both the Time Based Vesting Condition and the Performance Condition are met within the Award Period (as defined below).
More Definitions of Vesting Condition
Vesting Condition. The Units will vest in accordance with the schedule set forth below if and when the applicable target stock price as set forth in the table immediately below is met prior to the Expiration Date specified above (each such condition, a “Stock Price Condition”).
Vesting Condition means performance, service or other conditions that must be satisfied or waived by the Board or circumstances which must exist before a Performance Right Vests under these Rules.
Vesting Condition means one or more conditions which must be satisfied or circumstances which must exist before an Award vests under the Plan.
Vesting Condition means any condition to the vesting of Retention Shares or Restricted Stock Units established by the Committee pursuant to Section 9 or Section 10.
Vesting Condition means any term, condition or restriction including without limitation any Performance Criteria or other performance-based condition, described in applicable Award documents that a Participant must satisfy in order to receive a payment, distribution or otherwise realize monetary value from an Award.
Vesting Condition means the conditions subject to which the Options Granted would Vest in an Option Grantee.
Vesting Condition means either (i) the China JV (as defined in the Consulting Agreement) has achieved revenues calculated in accordance with United States generally accepted accounting principles (“GAAP”) applied on a consistent basis in an amount equal to at least Forty-Five Million United States Dollars (US$45,000,000.00) during either (A) the 12 month period commencing on the earlier of (x) January 1, 2016 if the tobacco provided to China Tobacco has been evaluated and approved for sale no later than December 31, 2014; (y) the date that tobacco purchases are first made by China Tobacco from the China JV or (z) January 1, 2017 (the “Commencement Date”), (B) the 12 month period beginning on the first anniversary of the Commencement Date or (C) the 12 month period beginning on the second anniversary of the Commencement Date from sales by the China JV for the market in China of the proprietary tobacco of the Company (the “Tranche 3 Minimum Triggering Revenue”) and the Company thereafter receives a cash distribution from the China JV so that the Company is “cash flow positive for the Company’s investment in the China JV,” which means the positive difference between all United States Dollars that the Company has received in relation to the China JV, including any licensing revenue, minus all United States Dollars that the Company has paid out in relation to the China JV, including the money paid by the Company for the first major tobacco planting by the Company for sale to the China JV, all to be described in greater detail in the China JV agreements to be entered into between the Company and the China JV; or (ii) the China JV has achieved revenues calculated in accordance with GAAP in an amount equal to at least Twenty-Seven Million United States Dollars (US$27,000,000.00) during either of the 12 month periods beginning on the Commencement Date and the first anniversary of the Commencement Date from sales by the China JV for the market in China of the proprietary tobacco of the Company (the “Tranche 3 Alternative Triggering Revenue”) and the Company thereafter receives a cash distribution from the China JV so that the Company is “cash flow positive for the Company’s investment in the China JV,” which means the positive difference between all United States Dollars that the Company has received in relation to the China JV, including any licensing revenue and an appropriate distribution to the Company from the China JV for first major tobacco planting by the Company for sale to ...