Common use of Vesting; Delivery of Unit Shares Clause in Contracts

Vesting; Delivery of Unit Shares. The Stock Units vest (i.e., are not subject to forfeiture) as follows: (a) 30% of the Stock Units shall vest on the first anniversary of the Grant Date and the underlying Unit Shares shall be delivered to the Participant on November 16, 2009; (b) 10% of the Stock Units shall vest on the second anniversary of the Grant Date and the underlying Unit Shares shall be delivered on November 15, 2010; and (c) 60% of the Stock Units shall vest on the third anniversary of the Grant Date and be delivered on November 15, 2011. The Stock Units are subject to earlier vesting as set forth in Sections 4(a), 4(b), 4(d) and 4(e). The Unit Shares are subject to earlier delivery only as set forth in Section 4(a) (death) and Section 4(e) (Change of Control).

Vesting; Delivery of Unit Shares. The Stock Units vest (i.e., are not subject to forfeiture) as follows: (a) 30% of the Stock Units shall vest on the first anniversary of the Grant Date and the underlying Unit Shares shall be delivered to the Participant on November 16, 2009; (b) 10% of the Stock Units shall vest on the second anniversary of the Grant Date and the underlying Unit Shares shall be delivered on November 15, 2010; and (c) 60% of the Stock Units shall vest on and the third anniversary of the Grant Date and underlying Unit Shares shall be delivered on November 15, 2011. The Stock Units are subject to earlier vesting as set forth in Sections 4(a), 4(b), 4(d) and 4(e). The Unit Shares are subject to earlier delivery only as set forth in Section 4(a) (death) and Section 4(e) (Change of Control).