Common use of Vesting Criteria Clause in Contracts

Vesting Criteria. The RSU Award shall vest, and the applicable number of shares of Common Stock shall be issuable and/or deliverable to the Participant, according to the vesting criteria set forth above (the “Vesting Criteria”). If application of the Vesting Criteria results in the vesting of a fractional RSU, such fractional RSU shall be rounded down to the nearest whole RSU. RSUs that vest and are issuable and/or deliverable hereunder as shares of Common Stock pursuant to the Vesting Criteria are “Vested RSUs.”

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Nextracker Inc.), Restricted Stock Unit Award Agreement (Nextracker Inc.)

Vesting Criteria. The RSU Award shall vest, and the applicable number of shares of Common Stock shall be issuable and/or deliverable to the Participant, according to the vesting criteria set forth above (the “Vesting Criteria”). If application of the Vesting Criteria results in the vesting of a fractional RSU, such fractional RSU shall be rounded down to the nearest whole RSU. RSUs that vest and are issuable and/or deliverable hereunder as shares of Common Stock pursuant to the Vesting Criteria are “Vested RSUs.”

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Nextracker Inc.), Restricted Stock Unit Award Agreement (Nextracker Inc.)