Time Vesting. Fifty percent (50%) of the Units will be subject solely to time based vesting criteria (the “Time Units”). Subject to Executive’s continued Employment through the applicable vesting date (or as otherwise provided in Section 2(e)), twenty percent (20%) of the Time Units shall become time vested on each of the first five (5) anniversaries of the Vesting Commencement Date. For purposes of this Agreement, the “Vesting Commencement Date” shall be January 31, 2020.
Appears in 6 contracts
Samples: Class C Lp Unit Grant Agreement (First Advantage Corp), Class C Lp Unit Grant Agreement (First Advantage Corp), Class C Lp Unit Grant Agreement (First Advantage Corp)
