Common use of Time Vesting Clause in Contracts

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] shares vesting on the one year anniversary of the Date of Award, the second installment of [__] shares vesting on the two year anniversary of the Date of Award and the third installment of [__] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Saia Inc), Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [____] shares vesting on the one year anniversary of the Date of Award, the second installment of [____] shares vesting on the two year anniversary of the Date of Award and the third installment of [____] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [____] shares vesting on the one year anniversary of the Date of Award, the second installment of [____] shares vesting on the two year anniversary of the Date of Award and the third installment of [____] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] ( ) shares vesting on the one year anniversary of immediately upon the Date of Award, the second installment of [__] ( ) shares vesting on the two one year anniversary of the Date of Award and the third installment of [__] ( ) shares vesting on the three second year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Butler National Corp)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] shares vesting on the one year anniversary 616295224 of the Date of Award, the second installment of [__] shares vesting on the two year anniversary of the Date of Award and the third installment of [__] shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)

Time Vesting. If the Awardee is and has been continuously in the service of the Company or a subsidiary of the Company since the Date of the Award, then the Award shall vest in three annual installments with the first installment of [__] 1,566 shares vesting on the one year anniversary of the Date of Award, the second installment of [__] 1,566 shares vesting on the two year anniversary of the Date of Award and the third installment of [__] 1,566 shares vesting on the three year anniversary of the Date of Award after which such shares of Restricted Stock shall become immediately free of such restrictions.

Appears in 1 contract

Sources: Restricted Stock Agreement (Saia Inc)