Vesting Tranches definition

Vesting Tranches. “Tranche 1” shall consist of [_____] Performance Shares. “Tranche 2” shall consist of [_____] Performance Shares. “Tranche 3” shall consist of [_____] Performance Shares.
Sample 1Sample 2
Vesting Tranches. “Tranche 1” shall consist of [_____] shares of the Restricted Stock. “Tranche 2” shall consist of [_____] shares of the Restricted Stock. “Tranche 3” shall consist of [_____] shares of the Restricted Stock.
Sample 1
Vesting Tranches. “Tranche 1” shall consist of [•] shares of the Restricted Stock.
Sample 1

Examples of Vesting Tranches in a sentence

  • As part of making any Award, the Committee may determine the time and conditions under which the Award will vest and may specify partial vesting in one or more Vesting Tranches.

  • In the event that fewer than 100% of the Shares in any of Vesting Tranches 1, 2, and 3 vest as of the Initial Vesting Date for such Vesting Tranche, the unvested Shares in any such Vesting Tranche shall nevertheless remain eligible to vest as of each yearly anniversary of the applicable Initial Vesting Date (each, a “Subsequent Vesting Date”) based upon the Percentile Rank through such Subsequent Vesting Date (in each case calculated using April 1, 2011, as the Reference Date).

  • Each Option Award is comprised of four equal Vesting Tranches, each covering 25% of the total Shares subject to the Option.

  • The portion of a Restricted Stock Unit Award or Option Award that can potentially vest on a Vesting Date (as defined below), assuming satisfaction of all performance goals, is referred to in the Plan as a “Vesting Tranche.” Each Restricted Stock Unit Award is comprised of two equal Vesting Tranches, each comprised of 50% of the total number of Stock Units covered by the Restricted Stock Unit Award.

  • If a Participant ceases to serve as director of the Company by reason of death or disability or is involuntarily terminated by the Company without “cause” prior to the vesting of any Vesting Tranche(s), all of the Shares included in such Vesting Tranche(s) to the extent not otherwise vested shall become fully vested on the date of termination and any Transfer Restrictions shall no longer apply to such Shares.

  • Any PRSUs in the first and second Vesting Tranches that do not vest pursuant to paragraphs 3(a)(i)(1) – (3) or paragraph 3(a)(v) shall remain outstanding and shall be eligible to vest on the Measurement Date or the third anniversary of the Grant Date, as applicable pursuant to paragraph 3(a)(iii) below, subject to paragraph 3(a)(vi).

  • With respect to Escrow Shares released from escrow pursuant to this SECTION 6.3(d) which are also Restricted Merger Shares, such Escrow Shares shall be allocated on a pro rata basis from each of the Vesting Tranches.

  • For purposes of vesting of the Restricted Shares, there shall be four Vesting Tranches of 412,500 Shares, each having a Reference Date and an Initial Vesting Date as set forth in the following table.

  • The Stock Price Hurdle applicable to a PSU must be achieved, if at all, during the period of time beginning on the Date of Grant and ending on (i) for the First Vesting Tranche set forth below, the second anniversary of the Date of Xxxxx, and (ii) for the Second, Third, and Fourth Vesting Tranches set forth below, the fourth anniversary of the Date of Grant (each, a “Performance Period”).


More Definitions of Vesting Tranches

Vesting Tranches. “Tranche 1” shall consist of 50,876 shares of the Restricted Stock.
Sample 1

Related to Vesting Tranches

  • Terminating Tranche has the meaning set forth in Section 4.3(b).

  • 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.

  • Existing Tranche has the meaning specified in Section 2.19(a).

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

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

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

  • Specified Existing Tranche as defined in Subsection 2.10(a)(ii).

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Tranches shall have the meaning ascribed to such term in Section 2.1.

  • 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.

  • RSUs means restricted stock units.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

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

  • 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.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

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

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Eurodollar Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Other Share-Based Awards means Awards consisting of Share units, or other Awards, valued in whole or in part by reference to, or otherwise based on, Shares.

  • Minimum Period of Service means a period of 12 consecutive months beginning on the Service Start Date, unless set out otherwise in any applicable Order.