Period of Restriction. (i) The Restricted Stock Units subject to the Award shall be restricted during the period (the “Period of Restriction”) commencing on the Award Date and expiring on the first to occur of: (a) The normal scheduled vesting of the Award Units. The Award Units shall vest in a single installment on the third anniversary of the Vesting Start Date (the “Anniversary Date”). (b) The Participant’s death or permanent Disability; or (c) The date of the Participant’s termination without Cause or termination for Good Reason, in each case, within 24 months following a Change of Control.
Appears in 11 contracts
Sources: Employee Restricted Stock Unit Agreement (Axis Capital Holdings LTD), Employee Restricted Stock Unit Agreement (Axis Capital Holdings LTD), Employee Restricted Stock Unit Agreement (Axis Capital Holdings LTD)
Period of Restriction. (i) The Restricted Stock Units subject to the Award shall be restricted during the period (the “Period of Restriction”) commencing on the Award Date and expiring on the first to occur of:
(a) The normal scheduled vesting of the Award Units. The Award Units shall vest in a single installment on the third anniversary of the Vesting Start Date (the “Anniversary Award Date”).;
(b) The Participant’s death or permanent Disability; or
(c) The date of the Participant’s termination without Cause or termination for Good Reason, in each case, within 24 months following a Change of in Control.
Appears in 1 contract
Sources: Employee Restricted Stock Unit Agreement (Axis Capital Holdings LTD)
Period of Restriction. (i) The Restricted Stock Units subject to the Award shall be restricted during the period (the “Period of Restriction”) commencing on the Award Date and expiring on the first to occur of:
(a) The normal scheduled vesting of the Award Units. The Award Units shall vest in a single installment on the third anniversary of the Vesting Start Date (the “Anniversary Grant Date”).;
(b) The Participant’s death or permanent Disability; or
(c) The date of the Participant’s termination without Cause or termination for Good Reason, in each case, within 24 months following a Change of in Control.
Appears in 1 contract
Sources: Employee Restricted Stock Unit Agreement (Axis Capital Holdings LTD)