Vesting Date Clause Samples
The Vesting Date clause defines the specific date on which an individual gains full ownership rights to certain assets, typically shares or stock options, granted by an employer or another party. In practice, this means that although an employee may be promised equity as part of their compensation, they only become entitled to exercise or sell those shares once the vesting date is reached. This clause is essential for ensuring that recipients fulfill certain conditions, such as continued employment, before receiving full benefits, thereby aligning incentives and protecting the interests of the granting party.
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Vesting Date. All remaining shares of Restricted Stock will become vested on the Vesting Date.
Vesting Date. The RSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to Sections 1(c), (d) and (e), the RSUs shall vest in equal annual installments over five years commencing on June 1, 2006 (the “Vesting Reference Date”) as follows: First anniversary of the Vesting Reference Date 20% Second anniversary of the Vesting Reference Date 40% Third anniversary of the Vesting Reference Date 60% Fourth anniversary of the Vesting Reference Date 80% Fifth anniversary of the Vesting Reference Date 100%
Vesting Date. {PERFVESTDATE}.
Vesting Date. The Option shall become exercisable as follows: Approximately
Vesting Date. Earned PSUs will satisfy the Time-Based Condition and vest on March 1, 2028 (the Vesting Date). Except as otherwise provided in this Section 3(b), a Participant must be employed on the Vesting Date to vest in the Earned PSUs. If a Participant incurs a Termination prior to the Vesting Date other than as provided in this Section 3(b), all Earned PSUs will be forfeited immediately following the Participant’s Termination.
Vesting Date. The Phantom Units are unvested on and after the Grant Date and shall vest, with respect to thirty-three and one-third percent (33 – 1/3%) of the total number of Phantom Units granted hereunder, on [ ], [ ] and [ ] (each such date, a “Vesting Date”), provided the Grantee continues to serve as an employee of the Partnership or its Subsidiaries or Parents through the applicable Vesting Date.
Vesting Date. The date on which the RSUs vest pursuant to Section 2(a) or, if earlier, Section 2(c), is referred to as the “Vesting Date.”
Vesting Date. The Option shall become exercisable as follows: twenty percent (20%) of the Membership Unit(s) (rounded down to the nearest Membership Unit) underlying the Option shall become exercisable on each of the first five anniversaries of the Vesting Commencement Date; provided that the Participant remains employed with the Company or any of its affiliates on each such anniversary; and provided further that notwithstanding the foregoing, if within the two-year period following a Change in Control the Participant’s Services are terminated by the Company or its affiliate without Cause or by the Participant for Good Reason, the unvested portion of the Option shall become immediately vested as of the effective date of the termination of such Participant’s Services. For purposes of this Option Grant Agreement, the definition of Good Reason contained in the Plan shall govern the Participant’s rights during the two-year period following a Change in Control, without regard to that definition’s reference to the Participant’s employment agreement.
Vesting Date. “Vesting Date” shall mean each of the first, second and third anniversaries of the Award Date.
Vesting Date. The Incentive Units are unvested on and after the Grant Date and shall vest, with respect to thirty-three and one-third percent (33 – 1/3%) of the total number of Incentive Units granted hereunder, on [ ], [ ] and [ ] (each such date, a “Vesting Date”), provided the Grantee continues to serve as an employee of the Company (or a Subsidiary thereof) from the Grant Date through the applicable Vesting Date.