2012 Type A Restricted Stock Unit and Other Similar Full-Value Awards As To Which Only Service-Based Vesting Requirements Remain Clause Samples

2012 Type A Restricted Stock Unit and Other Similar Full-Value Awards As To Which Only Service-Based Vesting Requirements Remain. The 2012 Type A Restricted Stock Unit and any future full-value awards subject to performance-based vesting similar to the 2012 Type A Restricted Stock Unit, in each case as to which the performance-based vesting metrics have been met or are deemed to have been met as of the Termination Date pursuant to the terms of this Agreement and/or the underlying equity agreement and as to which only service-based vesting requirements remain (all such awards are referred to herein as the “Type A Earned Performance-Based Full Value Awards”), shall be vested 100% as to the shares earned by virtue of satisfying or being deemed to satisfy the performance-based vesting metrics and shall be paid out on the twenty-ninth (29th) day following the Termination Date, or such later date as is required to avoid the imposition of additional taxes under Code Section 409A pursuant to Section 22 hereof. Notwithstanding the foregoing, in the event the twenty-ninth (29th) day following the Termination Date or such later date as is required to avoid the imposition of additional taxes under Code Section 409A is not a Distribution Date, the Type A Earned Performance-Based Full Value Awards shall be distributed on the first succeeding Distribution Date, but in no event later than the 409A Limit.
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Related to 2012 Type A Restricted Stock Unit and Other Similar Full-Value Awards As To Which Only Service-Based Vesting Requirements Remain

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

  • Vesting Provisions Subject to the provisions of paragraph 3 below, the Option shall vest 33⅓% on each of July 31, 2023, July 31, 2024 and July 31, 2025, except as follows:

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.

  • Forfeiture of Restricted Stock Units In the event of termination of Employee’s employment with the Company or any employing Subsidiary of the Company for any reason other than (i) normal retirement on or after age 70, (ii) death or (iii) disability (disability being defined as being physically or mentally incapable of performing either the Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently, as determined by the Company or employing Subsidiary), or except as otherwise provided in the second and third sentences of subparagraph (c) of this Paragraph 2, Employee shall, for no consideration, forfeit all Restricted Stock Units to the extent they are not fully vested.