Vesting Date definition
Examples of Vesting Date in a sentence
If the termination of employment is due to the Participant’s retirement on or after age 62, all Restricted Stock Units in unvested tranches shall vest, and be paid (or deferred, if properly elected) on each tranche’s respective Scheduled Vesting Date.
Except as otherwise provided in accordance with Section 4(b) or (c), if you cease to be an employee prior to a Scheduled Vesting Date, you will forfeit all unvested RSUs.
All Restricted Stock Units that vest under this paragraph shall be paid (or deferred, if properly elected) on the respective Scheduled Vesting Date otherwise applicable to such tranche.
In the event of your termination of employment by reason of your death or Disability prior to the final Scheduled Vesting Date, then a pro-rata portion (based on the number of days during which you were continuously employed since the most recent Scheduled Vesting Date (or since the Grant Date if there was no previous Scheduled Vesting Date) as a percentage of 365) of the RSUs scheduled to vest as of the next Scheduled Vesting Date shall vest as of such termination date.
Restricted Stock Units that vest under this paragraph shall be paid (or deferred, if properly elected) on the respective Scheduled Vesting Date otherwise applicable to such tranche.