Vesting of Units definition

Vesting of Units. All Units subject to the Unit Award are fully vested as of the Grant Date.
Sample 1

Examples of Vesting of Units in a sentence

  • Vesting of Units for each year may (i) occur automatically after a Participant has completed the specified period of continuous employment with the Company or any of its Subsidiaries from the date of grant of such Units, (ii) be contingent upon attaining certain levels of Total Shareholder Return for the year in which the Units are eligible to vest, or (iii) occur at such other times or subject to such other criteria as the Plan Administrator may determine.

  • Vesting of Units with respect to Participants who begin participation or receive an additional grant of Units during the Performance Cycle will be determined by the Plan Administrator at the time of grant.

  • Vesting of Units is subject to the double trigger vesting requirements which include: (a) the performance based vesting requirements set forth in Section 2.1 and (b) the service based vesting requirement set forth in Section 2.2.

  • Vesting of Units will be conditioned upon the satisfaction of the continued Service conditions described below.

  • Vesting of Units attributable to those Company Contributions is in accordance with the vesting schedule provided in such prior Plan and are now 100% fully vested.

  • Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Units: [___________] Units Grant Date: ___________ Vesting of Units: All Units subject to the Unit Award are fully vested as of the Grant Date.

  • The Vesting of Units under the Plan is determined by the financial performance of Nokia during the Performance Period comprising the fiscal years 2005 through 2008 ("Performance Period").

  • Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Units: [ ] Units Grant Date: [ ] Vesting of Units: All Units subject to the Unit Award are fully vested as of the Grant Date.

  • Vesting of Units is subject to the double trigger vesting requirements which include: (1) the performance based vesting requirements set forth in Section 2.1 and (2) the service based vesting requirement set forth in Section 2.2.

  • Vesting of Units with respect to Participants who begin participation or receive an additional grant ------------------------------------------------------------------------------- El Paso Energy Corporation Page 19 1995 Omnibus Compensation Plan 23 of Units during the Performance Cycle will be determined by the Plan Administrator at the time of grant.

Related to Vesting of Units

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

  • 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.

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

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

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Vesting Conditions means those conditions established in accordance with Section 8.4 or Section 10.2 of the Plan prior to the satisfaction of which shares subject to a Restricted Stock Award or Restricted Stock Unit Award, respectively, remain subject to forfeiture or a repurchase option in favor of the Company upon the Participant’s termination of Service.

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

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

  • Vesting Agreement means each or any, as the context implies, agreement or instrument entered into by a holder of LTIP Units upon acceptance of an award of LTIP Units under an Equity Incentive Plan.

  • 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.

  • Vesting Event means the earliest to occur of the following events:

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

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

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

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

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

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

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

  • Covered Units means, with respect to each Unitholder, such Unitholder’s Existing Units, together with any WMLP Common Units that such Unitholder becomes the Record Holder or beneficial owner of on or after the date hereof.

  • 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).

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

  • 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 Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.