Condition to Vesting Sample Clauses
A Condition to Vesting clause defines the specific requirements or events that must occur before a party gains full ownership or rights to certain assets, such as shares or options. Typically, these conditions might include continued employment for a set period, achievement of performance milestones, or the occurrence of a particular event. By clearly outlining what must happen before vesting occurs, this clause ensures that benefits are only granted when agreed-upon criteria are met, thereby aligning incentives and protecting the interests of the granting party.
Condition to Vesting. The vesting of the PRSUs on a Vesting Date (as defined in Section 2(b)) is, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) through the applicable Vesting Date, except as specifically provided by Section 2(b)(ii)(1).
Condition to Vesting. As a condition to the vesting of Restricted Shares as set forth in the provisions of Paragraph 2[(a)]–[(f)] of this Award Agreement, the Grantee (or the Grantee’s beneficiary, legal representative or estate, as the case may be, in the event of the Grantee’s death) must execute and not revoke a separation and general release agreement in substantially the form typically used by the Company, which may include restrictive covenants and must become effective within sixty (60) days after the termination date.]
Condition to Vesting. The vesting of each installment of Restricted Stock Units on a Vesting Date (as defined in Section 2(b)) is subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) from the Date of Grant through the applicable Vesting Date.