Common use of Vesting and Delivery Dates Clause in Contracts

Vesting and Delivery Dates. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to this Section 1(b) and Section 1(c), the RSUs shall vest according to the below vesting schedule. The RSUs shall become vested on the vesting date only if Recipient continues to be an employee of the Company through such vesting date. The delivery date for a RSU shall be the date on which such RSU vests. {vest date 1} {# of Shares 1} {vest date 2} (if needed) {# of Shares 2} {vest date 3} (if needed) {# of Shares 3} (and so on if needed. )

Appears in 2 contracts

Sources: Restricted Stock Units Award Agreement (MKS Instruments Inc), Restricted Stock Units Award Agreement (Electro Scientific Industries Inc)