Installment Vesting. Any Executive Performance RSUs awarded on the Determination Date shall vest in three installments, as follows: (i) one-third of the total Executive Performance RSUs awarded shall vest on the first anniversary of the Award Date, (ii) one-third of the total Executive Performance RSUs awarded shall vest on the second anniversary of the Award Date, and (iii) the remaining one-third of the total Executive Performance RSUs awarded shall vest on the third anniversary of the Award Date, in each case provided that the Participant’s Continuous Service has not terminated before the applicable vesting date.
Appears in 2 contracts
Sources: Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)
Installment Vesting. Any Executive Performance RSUs awarded on the Determination Date shall vest in three installments, as follows: (i) one-third of the total Executive Performance RSUs awarded shall vest on the first anniversary of the Award Date, (ii) one-third of the total Executive Performance RSUs awarded shall vest on the second anniversary of the Award Date, and (iii) the remaining one-third of the total Executive Performance RSUs awarded shall vest on the third anniversary of the Award Date, in each case provided that the Participant’s Continuous Service has not terminated before the applicable vesting date.. 2021 Executive Performance RSU Award Agreement
Appears in 1 contract
Sources: Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)