Common use of Vesting Conditions Clause in Contracts

Vesting Conditions. If Executive remains in the continuous employ of the Corporation or a Subsidiary of the Corporation through the date(s) indicated in Column I below, the Shares of Restricted Stock will become non-forfeitable (i.e., "vest") to the extent indicated in Column II below: (I) (II) If employment the % of the Restricted continues through then Shares which vests is ____________, 200__ 100% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on the applicable date(s) indicated in Column (I) above. Any Shares of Restricted Stock which are not vested on the date of Executive’s termination of employment will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise.

Appears in 4 contracts

Sources: Restricted Stock Award Agreement (Total System Services Inc), Retention Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Synovus Financial Corp)

Vesting Conditions. If Executive remains in the continuous employ of the Corporation or a Subsidiary of the Corporation through the date(s) indicated in Column I below, the Restricted Shares of Restricted Stock will become non-forfeitable (i.e., "vest") to the extent indicated in Column II below: (I) (II) If employment the % of the Restricted continues through then Shares which vests is ____________, 200__ 100% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on the applicable date(s) indicated in Column (I) above. Any Restricted Shares of Restricted Stock which are not vested on the date of Executive’s termination of employment will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Total System Services Inc), Restricted Stock Award Agreement (Synovus Financial Corp)

Vesting Conditions. If Executive remains in the continuous employ of the Corporation or a Subsidiary of Synovus Financial Corp. or the Corporation through the date(s) indicated in Column I below, the Restricted Shares of Restricted Stock will become non-forfeitable (i.e., "vest") to the extent indicated in Column II below: (I) (II) If employment the % of the Restricted continues through then Shares which vests is ____________, 200__ 100% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on the applicable date(s) indicated in Column (I) above. Any Restricted Shares of Restricted Stock which are not vested on the date of Executive’s termination of employment will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Total System Services Inc)

Vesting Conditions. If Executive remains in the continuous employ of the Corporation or a Subsidiary of Synovus Financial Corp. or the Corporation through the date(s) indicated in Column I below, the Shares of Restricted Stock will become non-forfeitable (i.e., "vest") to the extent indicated in Column II below: (I) (II) If employment the % of the Restricted continues through then Shares which vests is ____________, 200__ 100% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% [or] ____________, 200__ ___% Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on the applicable date(s) indicated in Column (I) above. Any Shares of Restricted Stock which are not vested on the date of Executive’s termination of employment will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Total System Services Inc)