4Vesting. (a)The Restricted Units shall vest according to the following schedule, provided that Recipient remains on the Board of the Company as of each vesting date below: (A) 25% of the Restricted Units shall become vested on February 13, 2019 (such date, the “First Vesting Date”), and (B) the remaining 75% of the Restricted Units shall become vested ratably on a quarterly basis (at the end of each quarter) during the three-year period beginning on the First Vesting Date such that all of the Restricted Units shall become vested on February 13, 2022.
Appears in 4 contracts
Samples: Restricted Units Agreement (BRC Inc.), Restricted Units Agreement (BRC Inc.), Restricted Units Agreement (Silverbox Engaged Merger Corp I)
