Common use of General Vesting Schedule Clause in Contracts

General Vesting Schedule. Subject to Section 2 below, thirty-three and one-third percent (33 1/3%) of the RSUs shall vest on each of the first three anniversaries of [ ] (the “Vesting Date”), provided that the Participant remains continually in the service as a director of Och-Ziff (including any periods of approved leave) from the Vesting Date through each such anniversary date. With respect to each vested RSU, the Participant shall be entitled to receive one Class A Share on the third business day following the date of Termination.

Appears in 3 contracts

Samples: Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC), Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC), Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC)

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General Vesting Schedule. Subject to Section 2 below, thirty-three and one-third percent (33 1/31/3 %) of the RSUs shall vest on each of the first three anniversaries of [ ] (the “Vesting Date”), provided that the Participant remains continually in the service as a director of Och-Ziff the Company (including any periods of Company approved leave) from the Vesting Date through each such anniversary date. With respect to each vested RSU, the Participant shall be entitled to receive one Class A Share on the third business day following the date of Termination.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC)

General Vesting Schedule. Subject to Section 2 below, thirty-three and one-third percent (33 1/3%) of the RSUs shall vest on each of the first three anniversaries of [ ] (the “Vesting Date”), provided that the Participant remains continually in the service as a director of Och-Ziff the Company (including any periods of Company approved leave) from the Vesting Date through each such anniversary date. With respect to each vested RSU, the Participant shall be entitled to receive one Class A Share on the third business day following the date of Termination.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC)

General Vesting Schedule. (a) Subject to Section 2 below, thirty-three and one-third percent (33 1/3%) of the RSUs shall vest on each of the first three anniversaries of [ ] (the “Vesting Date”)Date of Grant, provided that the Participant remains continually in the service as a director of Och-Ziff the Company (including any periods of Company approved leave) from the Vesting Date of Grant through each such anniversary date. With respect to each vested RSU, the Participant shall be entitled to receive one Class A Share on the third business day following the date of Termination.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC)

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General Vesting Schedule. Subject to Section 2 below, thirty-three and one-third one hundred percent (33 1/3100%) of the RSUs shall vest on each of the first three anniversaries anniversary of [ ] (the "Vesting Date"), provided that the Participant remains continually in the service as a director of Och-Ziff (including any periods of approved leave) from the Vesting Date through each such anniversary date. With respect to each vested RSU, the Participant shall be entitled to receive one Class A Share on the third business day following the date of Termination.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Och-Ziff Capital Management Group LLC)

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