Common use of Lapse of Forfeiture Restrictions (Vesting) Clause in Contracts

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee has continuously served as a Director of the Company from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Percentage of Total Number of RSUs as to Which

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Frank's International N.V.)

Lapse of Forfeiture Restrictions (Vesting). Provided that the Grantee has continuously served as a Director of the Company from the Date of Grant through the lapse date set forth in the following schedule, the Forfeiture Restrictions shall lapse, and the Restricted Stock Units will vest, with respect to a percentage of the Restricted Stock Units determined in accordance with the following schedule: Percentage of Total Number of RSUs as to Which:

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Frank's International N.V.)