Vesting/Forfeitures. Subject to the limitations of this Agreement, each Installment of Covered Shares of the Stock Option shall be exercisable on and after the Vesting Date for such Installment as described in the following schedule (but, subject to the terms of the Employment Agreement, only if the Date of Termination has not occurred before the Vesting Date): ---------------------------- --------------------------------------------- Installment Vesting Date applicable to that Installment ---------------------------- --------------------------------------------- 50% of Covered Shares First Anniversary of Grant Date 50% of Covered Shares Second Anniversary of Grant Date ---------------------------- --------------------------------------------- Notwithstanding the foregoing provisions of this paragraph 2, the Stock Option shall become vested and exercisable not later than the time or times provided by the Employment Agreement. Except as otherwise provided in the Employment Agreement, the Stock Option may be exercised on or after the Date of Termination only as to that portion of the Covered Shares for which it was exercisable immediately prior to the Date of Termination, or became exercisable upon the Date of Termination.
Vesting/Forfeitures. Except as otherwise provided in this Agreement or the Plan, the Award will vest in accordance with the vesting schedule set forth in the following table, so long as you continue to provide services to GPLLC or its Affiliates continuously from the Grant Date through each vesting date set forth below (each, a “Vesting Date”): Vesting Date Cumulative Vested Percentage , 20 20 % , 20 30 % , 20 50 % Except as otherwise provided in this Agreement or the Plan, on the date you cease providing services to GPLLC or its Affiliates, any unvested portion of the Award shall automatically terminate and cease to be outstanding.
Vesting/Forfeitures. The Stock Option shall become exercisable in accordance with the following schedule: Number of Shares Date 25% First Anniversary 25% Second Anniversary 25% Third Anniversary 25% Fourth Anniversary The Stock Option shall be forfeited as of the date of the Participant’s employment with the Company and its subsidiaries terminates for any reason to the extent that such Options have not vested and are not then exercisable pursuant to the foregoing schedule.
Vesting/Forfeitures. Except as otherwise provided in this Agreement, the Phantom Units will vest in accordance with the vesting schedule set forth in the following table, provided that you remain continuously employed by the Company or an Affiliate from the Grant Date through each vesting date set forth below (each, a “Vesting Date”): Vesting Date Cumulative Vested Percentage [1st of month closest to 1-year anniversary of grant date] 33(1/3)% [1st of month closest to 2-year anniversary of grant date] 66(2/3)% [1st of month closest to 3-year anniversary of grant date] 100% If, on any Vesting Date, the application of the vesting schedule set forth above results in a fractional Phantom Unit becoming vested, the number of Phantom Units vesting on such date shall be rounded up to the next whole number of Phantom Units.
Vesting/Forfeitures. (a) The Stock Option shall fully vest and become exercisable based upon the successful and complete satisfaction of two consecutive partial triggering conditions, both of which must be satisfied prior to full vesting; (1) a first level Performance Based Vesting and (2) a second level Time Based Vesting.
Vesting/Forfeitures. Except as otherwise provided in this Agreement, the Phantom Units will vest in accordance with the vesting schedule set forth in the following table, provided that you remain continuously employed by the Company or an Affiliate from the Grant Date through each vesting date set forth below (each, a “Vesting Date”): Vesting Date Cumulative Vested Percentage If, on any Vesting Date, the application of the vesting schedule set forth above results in a fractional Phantom Unit becoming vested, the number of Phantom Units vesting on such date shall be rounded up to the next whole number of Phantom Units.
Vesting/Forfeitures. Subject to the limitations of this Agreement, the Covered Shares of the Stock Option shall be exercisable on and after the Vesting Date which shall be the one year anniversary of the Grant Date, (but, subject to the terms of the Employment Agreement, only if the Date of Termination has not occurred before the Vesting Date). Notwithstanding the foregoing provisions of this paragraph 2, the Stock Option shall become vested and exercisable not later than the time or times provided by the Employment Agreement. Except as otherwise provided in the Employment Agreement, the Stock Option may be exercised on or after the Date of Termination only as to that portion of the Covered Shares for which it was exercisable immediately prior to the Date of Termination, or became exercisable upon the Date of Termination.
Vesting/Forfeitures. Except as otherwise provided in this Agreement, the Phantom Units will vest in accordance with the vesting schedule set forth in the following table, provided that your service as a director does not terminate from the Grant Date through each vesting date set forth below (each, a “Vesting Date”):
Vesting/Forfeitures. Except as otherwise provided in this Agreement or the Plan, the Award will vest in accordance with the vesting schedule set forth in the following table, so long as you continue to provide services to the Company or its Affiliates (as defined herein) continuously from the Grant Date through each vesting date set forth below (each, a “Vesting Date”): Vesting Date Vested Percentage Except as otherwise provided in this Agreement or the Plan, on the date you cease providing services to the Company or its Affiliates, any unvested portion of the Award shall automatically terminate and cease to be outstanding.
Vesting/Forfeitures. Except as otherwise provided in this Agreement or the Plan, the Award will vest in accordance with the vesting schedule set forth in the following table, so long as you continue to provide services to GPLLC or its Affiliates continuously from the Grant Date through the vesting date(s) set forth below (each, a “Vesting Date”): Vesting Date Cumulative Vested Percentage Except as otherwise provided in this Agreement or the Plan, on the date you cease providing services to GPLLC or its Affiliates, any unvested portion of the Award shall automatically terminate and cease to be outstanding.
