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Common use of Pro Rata Vesting Clause in Contracts

Pro Rata Vesting. In the event of (i) a Termination by the Partnership or any of its Affiliates not for Cause, (ii) a Termination for Good Reason, (iii) a Termination due to death or (iv) a Termination due to Disability, the cumulative portion of the Option that shall vest (including any portion of the Option which has previously vested pursuant to Section 6.1) will be equal to a fraction, the numerator of which is the number of full calendar days that have elapsed since the Closing Date through the date of such Termination and the denominator of which is 1825.

Appears in 2 contracts

Samples: Series a Option Agreement (Bumble Bee Capital Corp.), Series a Option Agreement (Bumble Bee Capital Corp.)

Pro Rata Vesting. In the event of (i) a Termination by the Partnership or any of its Affiliates not for Cause, (ii) a Termination for Good Reason, (iii) a Termination due to death or (iv) a Termination due to Disability, the cumulative portion of the Option that shall vest (including any portion of the Option which has previously vested pursuant to Section 6.1) will be equal to a fraction, the numerator of which is the number of full calendar days that have elapsed since the Closing Date of Grant through the date of such Termination and the denominator of which is 1825.

Appears in 2 contracts

Samples: Series a Option (Bumble Bee Capital Corp.), Series a Option Agreement (Bumble Bee Capital Corp.)