Vesting Periods definition
Examples of Vesting Periods in a sentence
For the avoidance of any doubt, the remaining unvested Tranches corresponding to Vesting Periods commencing following the date of the Participant’s Retirement shall be forfeited upon the Participant’s Retirement and all of the RSUs shall be forfeited in the event of the Participant’s Retirement on or prior to the first anniversary of the Date of Grant.
Participant acknowledges and agrees that the Vesting Period(s) may change prospectively in the event Participant’s service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance with Workday policies relating to work schedules and vesting of Awards or as determined by the Committee.
Options to purchase 150,000 of the Option Shares (the "Time Based Options") shall vest in two equal installments ("Vesting Periods") each of which shall entitle the Employee to purchase 75,000 Option Shares.
Such Vesting Periods may be accelerated or shortened by the Committee in its discretion; provided, however, that the Vesting Period for any portion of each ISO shall be at least one year (1) from the date such Option was granted.
Total Return (as hereinafter defined) for the three prior Vesting Periods.
Moreover, You should take into account the Vesting Periods for users as it is displayed within the Rhuna Terms and Conditions or within the Rhuna Whitepaper.
Such SAR Vesting Periods will be fixed by the Committee in its discretion, and may be accelerated or shortened by the Committee in its discretion.
At the conclusion of each Vesting Period, the Option may, from time to time, be exercised in relation to part or all of the Ordinary Shares allocated for that period and, during each of the Vesting Periods, the Option may be exercised in relation to all or part of the Ordinary Shares allocated for any previously concluded Vesting Period with respect to which the Option was not fully exercised.
Upon the consummation of (i) a Change of Control (or Permitted Change of Control for Options granted to Appointed Directors); or (ii) the disposal of all or substantially all of the Company’s assets (“Disposal of Assets”), the Vesting Periods relating to all the Options granted under the Grant Agreements already executed when the respective event occurs with all Participants will be anticipated.
Except as the Committee may at any time otherwise provide or as required to comply with applicable law, if Awardee’s employment or service with Micro or an Affiliate is terminated by reason of death, his/her estate shall receive on each Vesting Date, as applicable, a full payment under the Restricted Stock Unit Award to which he/she would be entitled had he/she remained employed through the end of the Measurement and Vesting Periods with payout based upon results at the end of the Measurement Period.