Vesting of Award definition

Vesting of Award. One–half of the Award shall vest on each of June 28, 2016 and December 28, 2016 (each, a “Vesting Date”), subject to the Participant’s continued service as an Employee, Director or Consultant through each such date. In addition to the above, the Award shall be subject to accelerated vesting as set forth in Section 2 of the Terms and Conditions of Incentive Bonus below.
Sample 1

Examples of Vesting of Award in a sentence

  • The Participant acknowledges receipt of a copy of the Plan.2. Vesting of Award.

  • On each vesting date set forth in the Vesting of Award provision of the Grant Notice, the Participant shall be entitled to receive such number of shares of Stock equivalent to the number of Restricted Stock Units provided that, on such vesting date, the Participant is an Employee, Director or Consultant of the Company or of a Participating Company.

  • Vesting of Award: One-third of the Restricted Share Units (subject to such rounding conventions as maintained by the Company from time to time) shall vest on each of the first, second and third anniversaries of the Vesting Commencement Date (each such date, a “Vesting Date”), provided that the Participant shall have remained in the Continuous Service of the Company or a Subsidiary through the applicable Vesting Date.

  • Conditions to Vesting of Award Prior to [a] [the] Scheduled Vesting Date51.

  • Conditions to Vesting of Award Prior to [a] [the] Scheduled Vesting Date41.

  • Granted To: ________________________ Grant Date: ________________________ Number of Shares Subject to Award: ________________________ Vesting of Award.* The Award shall be deemed vested with respect to one hundred percent (100%) of the Shares subject to the Award on the first anniversary of the Grant Date, subject to the continued service of the Participant as a Director of the Company through such vesting date.

  • Conditions to Vesting of Award Prior to a Scheduled Vesting Date61.

  • Condition to Vesting of Award Prior To a Scheduled Vesting Date or the PSU Scheduled Vesting Date and Exercisability of Options Following Termination13I.

  • Vesting Date Vesting of Award January 1, 2018 25% January 1, 2019 25% January 1, 2020 25% Example 2: If there are 875 Earned RSUs, and the Committee certifies the number of Earned RSUs on February 1, 2017, the Earned RSUs would vest and entitle Recipient to receive Shares, subject to continued employment, as follows.

  • Vesting Date Vesting of Award January 1, 2019 33% January 1, 2020 33% January 1, 2021 34% Example 2: If there are 814 Earned RSUs, and the Committee certifies the number of Earned RSUs on February 1, 2017, the Earned RSUs would vest and entitle Recipient to receive Shares, subject to continued employment, as follows.

Related to Vesting of Award

  • RSU means a restricted stock unit granted under the Plan, which represents an unfunded and unsecured promise to deliver shares of Common Stock in accordance with the terms of the RSU Award Agreement.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • 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;

  • Performance Unit Award means an award of Performance Units under this Plan.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • 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;

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Award Letter means a letter from a governmental or quasi-governmental agency (i.e. the Federal Home Loan Bank) stating that funds in a specific amount are awarded or are to be awarded to the Project in a specific time frame.

  • Notification of Award means the official notice issued by the Employer notifying the Contractor that his bid has been accepted.

  • 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.