Common use of Time-Based Vesting Clause in Contracts

Time-Based Vesting. Unless earlier terminated, forfeited, relinquished or expired, the Award shall become vested as to 100% of the Shares on the third anniversary of the Grant Date (such third anniversary, the “Vesting Date”), subject to the Participant remaining in continuous Service through the Vesting Date.

Appears in 4 contracts

Sources: Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.), Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.), Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.)

Time-Based Vesting. Unless earlier terminated, forfeited, relinquished or expired, the The Award shall become vested as to 100% of the Shares on the third anniversary of the Grant Date (such third anniversary, the “Vesting Date”), subject to ; provided that the Participant remaining remains in continuous Service through the Vesting Date.

Appears in 2 contracts

Sources: Restricted Stock Unit Award (LPL Financial Holdings Inc.), Restricted Stock Unit Award (LPL Financial Holdings Inc.)