Vesting Event. [First Anniversary of Grant Date] [Second Anniversary of Grant Date] [Third Anniversary of Grant Date] Option Shares Vested [One-Third] [One-Third] [One-Third] In any event this Option shall become fully vested and exercisable with respect to all of the Option Shares three years after the date hereof.
Vesting Event. If not previously vested, each outstanding LINN Incentive Unit will vest in its entirety on the date of a Vesting Event. For purposes hereof, “Vesting Event” means the sale, in one or more series of related transactions (i) for cash of all or substantially all of the outstanding Capital Interests or assets of the Company to a Person, other than an Affiliate of Quantum, (x) at any time after, as of the time of such determination, the aggregate Capital Contributions of the Capital Member exceed 85% of the total Capital Commitment of the Capital Member or (y) in which any Unfunded Capital Commitments are reduced to zero and the Company does not anticipate raising any additional capital, or (ii) for Marketable Securities, or a combination of cash and Marketable Securities, if and only if the Company elects to terminate the MSA or if the MSA is automatically terminated pursuant to Section 10.2(a)(ii) of the MSA as a result of the Company’s election not to renew the MSA, in each case at or after such sale for Marketable Securities, of all or substantially all of the outstanding Capital Interests or assets of the Company to a Person other than an Affiliate of Quantum; provided, however, that a Vesting Event will occur upon the sale or other Transfer of such Marketable Securities for cash, regardless of whether the Company has elected to terminate the MSA or the MSA is automatically terminated pursuant to Section 10.2(a)(ii) of the MSA. For the avoidance of doubt, if the Company sells all or substantially all of the outstanding Capital Interests or assets of the Company for securities other than Marketable Securities, clause (i) or (ii) of the definition of Vesting Event, as applicable, would apply to the subsequent sale of such securities for Marketable Securities or cash, provided that the other requirements of clause (i) or (ii), as applicable, are satisfied.
Vesting Event. The Award Agreement shall provide that the Retention Bonus RSUs will vest and become nonforfeitable if the VWAP of Parent’s Class A Common Stock is above $15.00 for any twenty (20) out of thirty (30) consecutive Trading Days beginning on the date that is one hundred eighty (180) days after the Closing Date and ending on the date that is the fifth (5th) anniversary of the Closing Date (the “Vesting Event”). If the Vesting Event is not achieved on or before the fifth (5th) anniversary of the Closing Date, all Retention Bonus RSUs shall be immediately forfeited and the Award Agreement shall terminate.
Vesting Event. The following Vesting Event has occurred on or around __________________, 20__:
Vesting Event. Provided Executive is still employed by the Company, upon the occurrence of a dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or substantially all of the assets or capital stock of the Company, all of the Options shall vest immediately.
Vesting Event. The following Vesting Event has occurred on or around __________________, 20___: _______ Amazon or one of its Affiliates has executed __________ Aircraft Lease Agreements with the Corporation or one of its Affiliates for an Additional Aircraft. _______ Amazon or one of its Affiliates has executed __________ Lease Upgrades with the Corporation or one of its Affiliates.
Vesting Event. Upon the occurrence of a Vesting Event on or ------------- before the second anniversary of the Effective Date, the Employee shall be entitled to receive the following benefits, provided that in the case of a Vesting Event that involves the termination of the Employee's employment with the Company, to receive such benefits the Employee must execute and timely deliver to the Company a release of claims in favor of the Company in the form of the release attached hereto as Exhibit A (or such other form of release as the Company determines to be appropriate):
Vesting Event. The following Vesting Event has occurred on or around __________________, 201__: _____ Amazon or one of its Affiliates has accepted delivery from the Corporation or one of its Affiliates of a Boeing 767-300 aircraft (or such substitute aircraft as may be agreed to by the parties) pursuant to an Aircraft Lease Agreement _____ Amazon and/or its Affiliates have paid the Corporation $600,000,000 for (x) CMI services associated with the operation of aircraft owned by the Corporation or one of its Affiliates or aircraft provided by Amazon or one of its Affiliates pursuant to the Air Transportation Agreements (excluding reimbursable revenue that was associated with such CMI services) and/or (y) other services pursuant to the Air Transportation Agreements (excluding reimbursable revenue that was associated with such services).
Vesting Event. Upon the occurrence of a Company Vesting Event, the SAR shall become immediately exercisable as to all Shares covered by such SAR, whether or not previously vested. In the event that a Participant’s Service terminates, the SAR shall be exercisable only to the extent the SAR was vested as of the date of such termination, unless otherwise specified in the Participant’s SAR Agreement.
Vesting Event. Company agrees that it will accelerate Employee’s September 1, 0000 XXX and Employee Option vesting event (one (1) vesting event from termination date) within 48 hours from date of signature of this Agreement. For clarity, 3,296 RSUs and 1,666 Employee Options will be accelerated that would have otherwise vested on September 1, 2021 pursuant to this Section 2(b).
