We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Vesting of RSUs definition

Vesting of RSUs. The RSUs shall be divided for vesting purposes into two (2) fifty-percent (50%) components, the “Time-Vest RSUs” (rounded down to the nearest whole RSU) and the “Performance-Vest RSUs” (rounded up to the nearest whole RSU) which shall vest and become nonforfeitable, as follows:
Sample 1Sample 2Sample 3
Vesting of RSUs. This award will vest and become nonforfeitable as to one-third of the RSUs subject hereto on each of the first three anniversaries of the Vesting Start Date, subject to the Executive’s continued employment with the Company or any Subsidiary through the applicable anniversary, provided, that (i) if, prior to the third anniversary of the Vesting Start Date, the Executive’s employment is terminated by the Company or a Subsidiary without Cause or by the Executive for Good Reason, in either case, during the period beginning sixty days prior to a Change in Control and ending one year after a Change in Control, or (ii) prior to the third anniversary of the Vesting Start Date, while employed by the Company, the Executive dies or experiences a Disability, then, in any such case, to the extent not previously vested, all RSUs granted hereunder shall vest in full, as applicable, upon (A) the Executive’s termination without Cause or for Good Reason within one year after a Change in Control, (B) the Executive’s death or Disability, or (C) if a Change in Control occurs within sixty days after the Executive’s termination without Cause or for Good Reason, upon such Change in Control (any date on which RSUs vest in accordance herewith, a “Vesting Date”). The Executive’s signature below indicates the Executive’s agreement with and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EXECUTIVE FURTHER ACKNOWLEDGES THAT THE EXECUTIVE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A HERETO, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EXECUTIVE By:
Sample 1
Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 83,333 Shares (the final installment to be 83,334 Shares) on each of the first three anniversaries of the Commencement Date provided for in the Employment Agreement (January 15, 2007), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS.
Sample 1

Examples of Vesting of RSUs in a sentence

  • Vesting of RSUs is conditional upon the expiry of a time-based vesting period.

  • Vesting of RSUs and payment of dividend equivalents will be conditioned upon the satisfaction of the terms and conditions described in the Grant Notice and this Agreement.

  • Vesting of RSUs is subject to continued employment of the Beneficiaries with a Scheme Company over the vesting period.

  • FDOT will notify the MPOs when it reports final statewide targets.

  • Vesting of RSUs granted under this Plan shall be conditioned upon continued service as a director of the Company, provided that vesting shall be accelerated upon the director’s death or disability or upon a Change in Control.


More Definitions of Vesting of RSUs

Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 125,000 Shares on each of the first three anniversaries of the date of the Employment Agreement (January 20, 2006), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EMPLOYEE ____________________________________ _____________________________ Name: ______________________________ Address: _____________________ Title: _______________________________ _____________________________ _____________________________
Sample 1
Vesting of RSUs. [Specify schedule and circumstances on which vesting of the RSUs would occur. Vesting could include time-based, performance-based or other conditions.]2, provided, however, that if the Participant’s service relationship with the Company is terminated by the Company without Cause or by the Participant with Good Reason (each, as defined in Appendix A hereto), [in either such case, on or after ________,2]1 or due to the Participant’s death or “disability” (within the meaning of Code Section 409A), all then-unvested RSUs will vest and become nonforfeitable immediately prior to such termination [(it being understood that no accelerated vesting shall apply in connection with a termination by the Company without Cause, or by the Participant with Good Reason, occurring prior to ________2)]1 (any date on which any RSUs vest in accordance herewith, a “Vesting Date”). In addition, the RSUs may be subject to accelerated vesting under certain circumstances to the extent set forth in Section 11.2 of the Plan. Payment of RSUs: Vested RSUs shall be paid to the Participant in the form of shares of Stock or in cash in an amount equal to the value of the shares of Stock otherwise deliverable, in any case, as set forth in Section 6 of Appendix A attached hereto.
Sample 1
Vesting of RSUs. The RSUs granted herein shall vest on the first of the month following the month in which the annual results of the Company are announced for each evaluation period subject thereto on achievement of conditions of financial performance and terms and conditions of vesting as provided in Appendix B, Financial Performance and Vesting Terms & Conditions, as determined by the Committee subject to the Participant’s continued employment with the Company through the applicable vesting date.
Sample 1
Vesting of RSUs. The RSUs will vest according to the following schedule (the “Vesting Schedule”): The number of RSUs eligible for vesting shall be equal to the product of the Total Grant and the Achievement Ratio (as defined in Appendix B) as determined on [Date] (the “Determination Date”) and rounded down to the nearest whole unit (the “Vesting Eligible RSUs”). So long as you remain in Continuous Service through each such date, twenty-five percent (25%) of the Vesting Eligible RSUs (rounding up to the nearest whole RSU) shall become vested on [Date](the “Vesting Start Date”) and on each anniversary of the Vesting Start Date such that one hundred percent (100%) of the Vesting Eligible RSUs are vested on the third (3rd) anniversary of the Vesting Start Date.
Sample 1
Vesting of RSUs. Subject to Section 5 of Appendix A, the RSUs will vest in three (3) equal installments of 150,000 Shares on each of the first three anniversaries of the Commencement Date provided for in the Employment Agreement (December 15, 2005), provided that the Employment Period continues through each such anniversary. The Employee’s signature below indicates his agreement and understanding that this award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE EMPLOYEE ACKNOWLEDGES THAT HE HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF RSUS. RENTECH, INC. EMPLOYEE
Sample 1
Vesting of RSUs. [Specify schedule and circumstances on which vesting of the RSUs would occur. Vesting could include time-based, performance-based or other conditions.] [, provided, however, that if the Participant's service relationship with the Company is terminated by the Company without Cause, by the Participant with Good Reason (each, as defined in [the Participant's employment agreement] [Appendix A hereto]) or due to the Participant's death or “disability” (within the meaning of Code Section 409A), in any such case, on or after ______________, all then-unvested RSUs will vest and become nonforfeitable immediately prior to such termination (it being understood that no accelerated vesting shall apply in connection with any termination occurring prior to __________) (any date on which any RSUs vest in accordance herewith, a “Vesting Date”)]. [In addition, the RSUs may be subject to accelerated vesting under certain circumstances to the extent set forth in Section 11.2 of the Plan.] [Notwithstanding anything to the contrary contained in this Agreement, to the extent that any additional RSUs are credited to the Participant's Account (as defined below) in respect of Dividend Equivalent rights (if any) in accordance with Section 3 of Appendix A attached hereto, such additional RSUs shall be deemed granted and fully vested as of the applicable dividend payment date set forth in Section 3(a)(i) through Section 3(a)(iii) below.] Payment of RSUs: Vested RSUs shall be paid to the Participant in the form of shares of Stock as set forth in Section 6 of Appendix A attached hereto.
Sample 1
Vesting of RSUs. Except as provided below, this award will vest and become nonforfeitable (i) as to sixty percent (60%) of the RSUs subject hereto upon the attainment of Project Milestone #1, (ii) as to twenty percent (20%) of the RSUs subject hereto upon the attainment of Project Milestone #2, and (iii) as to twenty percent (20%) of the RSUs subject hereto upon the attainment of Project Milestone #3 or, in each case, if later, upon the first anniversary of the Grant Date, subject, in each case, to the Participant’s continued employment through the later of the attainment of the applicable Project Milestone or the first anniversary of the Grant Date, provided, that (A) if, prior to the fifth anniversary of the Grant Date, the Participant’s employment is terminated by the Company or a Subsidiary without Cause or by the Participant for Good Reason, in either case, during the period beginning sixty days prior to a Change in Control and ending one year after a Change in Control, or (B) prior to the fifth anniversary of the Grant Date, while employed by the Company, the Participant dies or experiences a Disability, then, in any such case, to the extent not previously vested, the RSUs granted hereunder shall remain outstanding and eligible to vest upon the occurrence of any Milestone occurring on or prior to the fifth anniversary of the Grant Date and within six (6) months after such termination, death or Disability, as applicable, and shall vest as provided above upon the attainment of any Milestone during such six-month (or shorter) period. In addition, the Committee may, in its sole discretion, provide for the accelerated vesting of some or all unvested RSUs upon the attainment of any Additional Milestone occurring on or prior to the fifth anniversary of the Grant Date or, if later than the attainment of any such Additional Milestone, upon the first anniversary of the Grant Date, subject to the Participant’s continued employment through the later of the attainment of the Additional Milestone or the first anniversary of the Grant Date. To the extent that any RSUs vest upon the attainment of an Additional Milestone, except as otherwise determined by the Committee in its sole discretion, the number of RSUs eligible to vest upon the subsequent attainment of any Project Milestones shall be reduced pro rata for each then-unattained Project Milestone by reference to the number of RSUs vesting on the Additional Milestone. Any date on which RSUs vest in accordance herewith shall be re...
Sample 1