Based Vesting Sample Clauses
Based Vesting thorough investigation of matters relevant to the LTIP Units and has been furnished with, and has reviewed and understands, materials relating to the Partnership, Employee Pool and their activities (including, but not limited to, the Background Documents). The Grantee has been afforded the opportunity to obtain any additional information (including any exhibits to the Background Documents) deemed necessary by the Grantee to verify the accuracy of information conveyed to the Grantee. The Grantee confirms that all documents, records, and books pertaining to the Grantee’s receipt of LTIP Units which were requested by the Grantee have been made available or delivered to the Grantee. The Grantee has had an opportunity to ask questions of and receive answers from the Partnership and Employee Pool, or from a person or persons acting on their behalf, concerning the terms and conditions of the LTIP Units. The Grantee has relied upon, and is making its decision solely upon, the Background Documents and other written information provided to the Grantee by Employee Pool, the Partnership and their Affiliates. The Grantee did not receive any tax, legal or financial advice from the Partnership, the General Partner or Employee Pool and, to the extent it deemed necessary, has consulted with the Grantee’s own advisors in connection with the Grantee’s evaluation of the Background Documents and this Agreement and the Grantee’s receipt of LTIP Units.
Based Vesting. 000,000 upon the Start Date 2,000,000 at your first year anniversary 2,000,000 at your second year anniversary If for any reason you resign within 12 months following your Start Date, you will forgo all such unvested options. Furthermore, you understand that the Innovative’s stock option plan requires that any employee who leaves the employment of Innovative, the Company, or any other subsidiary of Innovative at a time when such person has vested options, such person will have no more than three (3) months from such termination date to exercise any vested options. The Company further agrees that your stock options will contain a provision that states that in the event that Innovative or the Company is purchased or there is a change in control prior to the time in which all of your options have vested, then all of your unvested options shall automatically vest. In the event the Company terminates you without “Cause,” then the pro rata portion of any unvested time-based options up until the date of notice of termination that are due to vest in the year of termination shall vest.
Based Vesting. Subject to any accelerated vesting pursuant to paragraph 2 below, one-half of the Unreleased Shares shall be released from the Company's Repurchase Option on November 15, 2005, if White then remains a Consultant performing Services on such date, and any remaining Unreleased Shares shall be released from the Company's Repurchase Option on November 15, 2006, if White then remains a Consultant performing Services on such date. Accelerated Vesting.
Based Vesting. Below Minimum Minimum Target Maximum
