Common use of Vesting and Conversion to Shares Clause in Contracts

Vesting and Conversion to Shares. The RSUs will vest and become non-forfeitable upon the earliest to occur of the following (the “Vesting Date”): (a) the Determination Dates, to the extent provided under the Performance Vesting Formula, if you have not experienced a Termination of Service before such respective dates, or (b) your Termination of Service due to death or Disability, or (c) your involuntary Termination of Service, other than for Cause or unsatisfactory performance, as determined in the sole discretion by the Head of Human Resources, provided that you sign and do not revoke a severance agreement in the form stipulated by the Company, or (d) immediately before a Change in Control, if this Award Agreement is not assumed, converted or replaced in connection with the transaction that constitutes the Change in Control, or (e) your Termination of Service during the 24-month period following a Change in Control either (i) by the Company other than for Cause or unsatisfactory performance, or (ii) by you for Good Reason.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Invesco Ltd.)

Vesting and Conversion to Shares. The RSUs Total Target Award will vest and become non-forfeitable upon the earliest to occur of the following (the “Vesting Date”): (a) the Determination Dates, to the extent provided under the Performance Vesting Formula, if you have not experienced a Termination of Service before such respective dates, or (b) your Termination of Service due to death or Disability, or (c) your involuntary Termination of Service, other than for Cause or unsatisfactory performance, as determined in the sole discretion by of the Head of Human Resources, provided that you sign and do not revoke a severance agreement in the form stipulated by the Company, or (d) immediately before a Change in Control, if this Award Agreement is not assumed, converted or replaced in connection with the transaction that constitutes the Change in Control, or (e) your Termination of Service during the 24-month period following a Change in Control either (i) by the Company other than for Cause or unsatisfactory performance, or (ii) by you for Good Reason.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Invesco Ltd.)