Common use of Accelerated Vesting Criteria Clause in Contracts

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.

Appears in 1 contract

Sources: Performance Accelerated Restricted Stock Award Agreement (Fiserv Inc)

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 200820___, 2009 20___ and 2010 (July 20___(July 1, 2007 through 20___through June 30, 201020___) 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.

Appears in 1 contract

Sources: Performance Accelerated Restricted Stock Award Agreement (Checkfree Corp \Ga\)