Common use of Vesting of the Restricted Stock Units Clause in Contracts

Vesting of the Restricted Stock Units. Except as otherwise provided herein, one-third of the Restricted Stock Units will vest on each of the first three anniversaries of the Grant Date, subject to Participant’s continuous Service with the Company through the applicable vesting date.

Appears in 3 contracts

Sources: Restricted Stock Unit Award Agreement (Baytex Energy Corp.), Restricted Stock Unit Award Agreement (Penn Virginia Corp), Officer Restricted Stock Unit Award Agreement (Penn Virginia Corp)

Vesting of the Restricted Stock Units. Except as otherwise provided herein, one-third of the Restricted Stock Units will vest on each of the first three anniversaries of the Grant Date, subject to Participant’s 's continuous Service with the Company through the applicable vesting date.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Baytex Energy Corp.)