Jun 4, 2016 15:41
7 yrs ago
8 viewers *
English term

time-vested equity incentive awards

English to French Bus/Financial Law: Contract(s) Transaction bonus and retention agreement
"All **time-vested equity incentive awards** (such as stock option or restricted stock awards) that are held by Executive on the Effective Date and that, as of the time immediately prior to a Change in Control, remain outstanding and otherwise unvested will vest at that time, provided Executive remains in service with the Company through the closing of such Change in Control."

Discussion

Germaine Jun 4, 2016:
Tous les titres incitatifs assujettis à un délai d'acquisition (telles les options sur actions ou les attributions d'actions subalternes) détenus par les membres de la haute direction à la date de prise d'effet et qui, au moment qui précède immédiatement un changement de contrôle, sont en circulation sans pour autant être acquis seront acquis à ce moment si le membre de la haute direction demeure au service de la Société jusqu'à la clôture de tel changement de contrôle.

Proposed translations

4 hrs
Selected

Primes d'encouragement sous forme d'acquisitions d'actions au cours du temps

incentive award = prime d'encouragement

time vested equity = options d'achat d'actions qui seront exécutées au cours du temps.

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Note added at 4 hrs (2016-06-04 20:07:45 GMT)
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The exact requirements for vesting are specified in the plan document, which also contains any applicable regulations. For example, an employee might receive 100 restricted stock units as part of an annual bonus. To entice this valued employee to remain with the company for the next five years, the stock vests according to the following schedule: 25 units in the second year after the bonus, 25 units in year three, 25 units in year four and 25 units in year five. If the employee leaves the company after year three, only 50 units would be vested while the other 50 are forfeited



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Note added at 10 hrs (2016-06-05 01:59:03 GMT)
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What is 'Vesting'

Vesting is the process by which an employee accrues non-forfeitable rights over employer-provided stock incentives or employer contributions made to the employee's qualified retirement plan account or pension plan. Vesting gives an employee rights to employer-provided assets over time, which gives the employee an incentive to perform well and remain with the company. The vesting schedule set up by the company determines when the employee acquires full ownership of the asset. Generally, non-forfeitable rights accrue based on how long the employee has worked there



Peer comment(s):

neutral Germaine : to vest = acquérir les droits. Le CEO se fait attribuer des options/actions subalternes et acquiert le droit de lever ces options/négocier les actions au bout d'un certain temps sous certaines conditions. "L'exécution" (levée/vente) n'e$t pas obligatoire.
5 hrs
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