Accelerated Vesting Criteria Sample Clauses

Accelerated Vesting Criteria. A. 50% of the Restricted Shares shall vest if the Company’s cumulative free cash flow, defined as GAAP net cash provided by operating activities, exclusive of the net change in settlement accounts, less capital expenditures, plus data center reimbursements, for Fiscal Years 2008, 2009 and 2010 (July 1, 2007 through June 30, 2010) is at least as much as set forth in the Company’s budget, as approved by the Board of Directors, for each of the applicable Fiscal Years.
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Accelerated Vesting Criteria. A. of the Restricted Shares shall vest if the Company’s cumulative free cash flow, defined as operating cash flow less capital expenditures and excluding changes in the settlement assets and liabilities of American Payment Systems, Inc., for Fiscal Years 20__, 20__ and 20__ (July 1, 20__ through June 30, 20__) is at least as much as set forth in the Company’s budget, as approved by the Board of Directors, for each of the applicable Fiscal Years. B. of the Restricted Shares shall vest if the Company’s cumulative revenue, excluding the impact of previously issued warrants, for Fiscal Years 20__, 20__ and 20__ (July 1, 20__ through June 30, 20__) is at least as much as set forth in the Company’s budget, as approved by the Board of Directors, for each of the applicable Fiscal Years. C. of the Restricted Shares shall vest if the Company’s cumulative underlying earnings per share, defined as GAAP earnings per share excluding the amortization of acquisition-related intangible assets, the impact of previously issued warrants, and certain one-time charges and related income tax benefits, for Fiscal Years 20__, 20__ and 20__ (July 1, 20__ through June 30, 20__) is at least as much as set forth in the Company’s budget, as approved by the Board of Directors, for each of the applicable Fiscal Years.
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Related to Accelerated Vesting Criteria

  • Accelerated Vesting Notwithstanding the terms of any Award Agreement heretofore or hereafter granted to the Executive, in the event of a Change of Control, all Options and Restricted Stock granted to the Executive which do not constitute deferred compensation for Code Section 409A purposes shall become fully vested on the date of the Change of Control. The Executive shall have the right to exercise any such Options in a manner provided for in the applicable Award Agreement. In the event of any conflict between the terms of this Section 9(a) and the terms of any Award Agreement granted to the Executive, the terms of this Section 9(a) shall control and govern.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Award criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested