The Orioles today announced that they have partnered this season with Chick-fil-A on a promotion called âOâs Days at Chick-fil-A.â During the regular season, there will be one date each month when Orioles fans wearing orange clothing or Orioles apparel can visit any participating Baltimore area Chick-fil-A between the hours of 11:00 a.m. and 8:00 ...
In the case of restricted stock, the former date is generally known as the vesting date and is the date when the employee recognizes income for tax purposes (assuming that the restricted stock is not transferable at an earlier date, which is how employers generally structure their restricted stock awards).
In our example above of the restricted stock grant, a graded approach might suggest that 25% of the shares vest in years 1 and 2 (total 50%) and the remaining 50% on your third anniversary. If you were to leave the firm after your first year, you would have control of 25% of the shares and so forth.