Time of Vesting Clause Samples
The "Time of Vesting" clause defines when an individual gains full ownership rights to certain assets or benefits, such as stock options or retirement plan contributions. Typically, this clause outlines a schedule or specific conditions under which vesting occurs, such as after a set period of employment or upon achieving certain milestones. Its core practical function is to clarify when rights or benefits become non-forfeitable, thereby providing certainty for both parties and incentivizing continued participation or performance.
Time of Vesting. The vesting of each installment of Restricted Stock Units on a Vesting Date is, in all cases, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) through the applicable Vesting Date. All unvested Restricted Stock Units will become Vested Units as of the date of the Grantee’s death or Disability, if such events occur prior to the applicable Vesting Dates.
Time of Vesting. (select (1) or (2) below and complete vesting schedule).
Time of Vesting. One-third of the Restricted Stock Units covered by this Agreement shall vest on each of the first, second, and third anniversaries of the Date of Grant, with the vesting of each installment subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, if any) through the applicable vesting date; provided, however, that upon the Grantee’s termination of employment due to his death or Disability, the number of Restricted Stock Units that would have vested during the Company’s fiscal year in which the Grantee’s termination of employment due to his death or Disability occurs (but which had not vested in such fiscal year prior to the date of the Grantee’s termination of employment due to his death or Disability), will fully vest as of the date of the Grantee’s termination of employment due to his death or Disability.
Time of Vesting. The vesting of Restricted Stock Units on a Vesting Date is, in all cases, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) through the applicable Vesting Date. Notwithstanding the foregoing:
(i) If the Grantee’s employment with the Company or its Affiliates or Parent is involuntarily terminated without Cause before the original Vesting Date set forth in the Vesting Schedule above, and the accelerated vesting provisions set forth in Section 2(b) hereof do not apply, a number of Restricted Stock Units will vest and become Vested Units upon the Grantee’s termination of employment, equal to the number of Restricted Stock Units that would have vested prior to such termination of employment had the Vesting Schedule provided for vesting in equal annual installments on each of the first, second and third anniversaries of the Date of Grant (by way of example, if such termination of employment without Cause occurs 13 months following the Date of Grant, one-third (1/3) of the Restricted Stock Units would vest under this Section 2(a)(i)); and
(ii) All unvested Restricted Stock Units will become Vested Units as of the date of the Grantee’s death or Disability, if such events occur prior to the applicable Vesting Date.
Time of Vesting. Except as provided below, shares of Restricted Stock shall become Vested Shares to the extent and on each applicable date (each a “Vesting Date”) as provided in the Grant Notice. If, however, any such Vesting Date occurs during a period in which Participant is (i) subject to a lock-up agreement restricting his/her ability to sell shares of Stock in the open market or (ii) restricted from selling shares of Stock in the open market because he/she is not then eligible to sell under the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ or similar plan as then in effect (whether because a trading window is not open or Participant is otherwise restricted from trading), vesting in such shares of Stock will be delayed until the first date (which shall the be treated as the applicable Vesting Date) on which Participant is no longer prohibited from selling shares of Stock due to a lock- up agreement or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ plan restriction provided that Participant has been continuously in Service to the Company or an Affiliate from the Grant Date until such delayed Vesting Date.
Time of Vesting. The vesting of the Restricted Stock Units on a Vesting Date is, in all cases, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) through the applicable Vesting Date. All unvested Restricted Stock Units will become Vested Units as of the date of the Grantee’s death or Disability, or upon the involuntary termination without Cause (as defined in Section 2(d) of this Agreement) by the Company of Grantee’s employment with the Company or its Affiliates or Parent, or the Grantee’s Retirement Date (as defined in Section 2(f) of this Agreement), if such events occur prior to the original Vesting Date set forth in the Vesting Schedule above.
Time of Vesting. The vesting of each installment of Restricted Stock Units on a Vesting Date is, in all cases, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, as applicable) through the applicable Vesting Date. All unvested Restricted Stock Units will become Vested Units as of the date of the Grantee’s death, Disability, or Retirement (as such term is defined in this Section 2(a)), if such events occur prior to the applicable Vesting Dates. For the purposes of this Agreement, “Retirement” is defined as a voluntary termination of employment after a combination of the Grantee’s years of age and years of service with the Company and/or its Affiliates totals 65.
Time of Vesting. The Restricted Stock Units covered by this Agreement shall vest in full on the seventh (7th) anniversary of the Date of Grant, subject to the Grantee’s continued employment with the Company (or its Affiliates or Parent, if any) through the vesting date; provided, however, that upon the Grantee’s termination of employment due to his death or Disability, the Restricted Stock will fully vest as of the date of the Grantee’s termination of employment due to his death or Disability.
Time of Vesting. With respect to any of the Restricted Stock, such shares of Restricted Stock shall vest, and the restrictions with respect to such shares shall lapse on December 31, 2006, but such vesting shall be subject to acceleration as defined in Section 6 hereof.
Time of Vesting. The time the Purchase Rights shall be deemed vested, sometimes referred to herein as the "date of vesting," shall be quarterly over a period of three years from September 1, 1995.